Electronic Filing Article

Do Your Own Taxes - Fee from Refund
Bankruptcy
Claiming Social Security Disability
FREE 2008 CPA Moms Tax Review Details
Divorce & Taxes
Offer in Compromise
Installment Payment for Taxes
Credit Reports
Social Security
Do Your Own Taxes - Fee from Refund
Deliquent Tax Returns
Garnishment
Retirement Planning
FREE 2008 Tax Return Review Details
CPA Moms Master Index
Alimony Deductions
Moving Deductions
Contribution Deductions
Job Hunting Deduction
Education Deductions
Adoption Deductions
Medical Deductions
Mileage Deductions
Car Donation Deductions
Bad Debt Right Off
Hybrid Cars Deductions
Educator Deductions
CPA Moms - Services Offered
Tax Preparation
Electronic Filing
Enrolled Agents
Tax Moms
CPA Moms
Representation before IRS
Non Profit Tax Services
Accounting
Bookkeeping
CPA Loan Letter
Efile Home Page
Calll 866-313-1040
For Efiling
Want to Join CPA Moms?
Questions for CPA Moms?
A Simple Introduction To Filing Electronic Taxes

By: Keisha Seaton

Nowadays, every department in the governmental or private sector boast a digital nervous system - as Bill Gates put it in his best seller Business at the Speed of Thought - through which it interfaces with the public, listen to the grievances and carries out or facilitates various services. Our current topic of discussion, is electronic tax filing, it makes use of the digital nervous system of the tax department, and in simple terms, it is the World Wide Web's way of filing your tax returns.


In a way, Internet has revolutionized the way people have access to information. It virtually eliminated the unending delay that used to associate with the process of getting services done from governmental bodies in a big way. In the present context, long gone are the days of unending queues and taxing paper works. The electronic filing has made the submission of tax returns a customer friendly exercise. Let us have a look from close quarters the advantages of electronic filing as opposed to the conventional way of filing returns and study what sizeable change it had made in the whole process.


The first and foremost reform electronic filing had brought about is that it virtually eliminated the need for going through the exhaustive steps of filling the forms and rushing to the nearest post office to get it posted before the due date.


Not only the paper work, electronic filing in fact has eliminated all sorts of physical movement required in completing the filing of returns. No more office hopping is required. The only thing you needs is a PC and a reliable Internet connection.


In electronic filing, any mistake that has invariably crept in is corrected in less time. As every bit of data of the tax payer is available online, there is no wastage of time searching dossiers.


Electronic filing has also reduced the time lag before receiving your tax refunds. Also, with the online submission, it is possible to take a printout of the filed return at the time of submission to keep it as record. No more requests or visiting offices for the same.


Electronic filing facilitates payment by credit card.


Also, with electronic filing, the back office processing time has reduced by days. For example, even if the customer had waited till the last day before filing his/her returns, still it is possible to get the filing processed within hours of submission as opposed to the 10 odd day's delay that used to occur during the days of paper returns. As a result, as mentioned earlier, it has become possible to complete the refunds within a couple of weeks since filing.


Here is the process of filing returns by electronic means: The customer first should prepare his tax returns (by oneself or through a tax professional). Once the tax returns are in place, then the filing can be done through an IRS e-file provider. Filing can be done online as well, but if you are not sure about the technicalities, it is better to seek professional help. Generally most tax professionals will be licensed IRS e-file providers. Sign all relevant documents and get a customer copy as a record or for future reference. The IRS e-file provider will then file the returns electronically. Within 48 hours of filing the returns, the IRS will send the customer/IRS e-file provider an acknowledgement specifying the current status (acceptance or rejection as it may apply). If it is a rejection, remedial steps should be taken immediately.


As of now, if filing the returns online by oneself, the service as such is free. But if getting the job done through an IRS e-file provider, he/she may charge you a fee for offering you his/her expertise. As there is no solid rule of law in place governing the charging of fees for electronic filing of returns, the fees charged by different IRS e-file providers may vary and hence, from a customer point of view, it would be better to shop around and find out the cheapest deal possible before hiring one for your service.

Keisha Seaton is the owner of http://my-articles.com. To read moreTax Articles please visit http://www.my-articles.com/Category/Taxes/96.


  • Advantages And Disadvantages Of Using Tax Software
    Each year millions of Americans have their taxes prepared by a professional tax preparer. Having tax returned professionally prepared reduces the likelihood of errors being reported on a tax return; however,...
  • Get Help From A Tax Attorney
    All the people have to handle tax problems, which can be very difficult if you have to manage these troubles by yourself. And things can get worse if one day the IRS comes knocking on your door. You don't...
  • Withholding Compliance Questions & Answers
    Q1: In the past, as an employer, I was required to submit all Forms W-4 that claimed complete exemption from withholding (when $200 or more in weekly wages were regularly expected) or claimed more than...
  • Tips For Preparing Your Taxes from the Internet
    When it comes to preparing our taxes, many of us could use some help. The following websites offer guidance and information that may assist you in learning about how to get the most out of filing your...
  • How Likely Are You To Be Audited?
    Statistics for IndividualsUnfortunately, the IRS increased its rate of auditing individuals in 2003 when compared to 2002. The increase was approximately 14%, but still constituted only 6.5 audits for...
  • About the Financial Management Service
    In 1940, the United States Department of the Treasury established the Fiscal Service, which consisted of the Bureau of Accounts, the Bureau of the Public Debt, and the Office of the Treasurer. A 1974...
  • What To Do If You're Being Audited
    Audits are regularly issued by the Internal Revenue Service (IRS). There are two main reasons why an individual or business may be audited by the Internal Revenue Service (IRS). Random audits are not as...
  • How To Reduce The Chance Of An Audit By Over 50%
    Perhaps you've been thinking about making a changein your Choice of Entity. Maybe you've been asking,"What type of Business Entity should my business be?"By "Business Entity", I mean the legal structureof...
  • 13 States Mandate E-filing
    February 07, 2006- Thirteen states now mandate that tax preparers electronically file their clients individual tax returns. More such mandates may be required, if the Internal Revenue Service (IRS) is...
  • More Short Form Taxes for all Americans?
    New tax law changes planned by President Bush';s tax advisory commission, may result in more Americans filing short form (1040A and 1040EZ) tax forms, instead of the 1040 long form tax return. This may...
  • IRS Audit - A True Story
    Who does not fear an IRS audit? We all do. We all fear the face to face, exhausting, unpredictable and time consuming interaction with the Internal Revenue Service's agent.We all have that scary feeling...
  • Audit Advice That You Need
    Oh no! You need audit advice. You just received in the mail a notification that you are going to be audited by the IRS. What now? How do you respond to this and should you be having a heart attack now?...