The most convenient and efficient way to file a tax return is through electronic filing. You may still file your return on paper, but your return will most likely take longer to process and you will have to wait longer for any refund you are due.
E-Filing Benefits
- Accuracy – IRS studies show that e-filing greatly reduces errors on your return and the chances that you will receive a error notice from the IRS. Studies show the error rate of e-filed returns is reduced to 1%, versus 20% for paper returns.
- Security – privacy and security are guaranteed. You can choose a five-digit PIN as your electronic signature. 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 twice as fast as 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 an easy-to-use tax software program that is affordable and simple.