E-Filing Benefits
The most convenient and efficient way to file your tax return is
to file it electronically. You may still mail your
return, but it will most likely take longer to process and you'll
have to wait longer for any tax refund you're due. Here are some of the
benefits of e-filing:
- Accuracy - IRS studies show that e-filing your
taxes greatly reduces errors on returns: the error rate of
e-filed returns is 1%, versus 20% for paper returns.
- Security - privacy and security are guaranteed. You can choose
a five-digit PIN as your electronic signature, and the IRS keeps
your information private.
- Proof of acceptance - within 48 hours, the IRS will send you an
electronic acknowledgment that it accepted your return. If it did
not accept your return, the IRS will send you a rejection notice
that will show the errors it found on your return.
- Fast refunds - receive your refund faster than
with a paper return.
How to E-File
To e-file your return, it must be prepared
using tax preparation software. You can choose to have your return
prepared by a tax professional or you can use one of the many tax
preparation programs that are available to do-it-yourselfers. 1040.com
Online Tax Preparation is easy-to-use tax preparation that is
affordable and simple.