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?
Dramatic Increase in Electronic Tax Filing Continues as 2005 Tax Deadline Approaches

By: Jackie Bates
For the first time ever, the IRS expects to have over half of all individual tax returns electronically filed. Raleigh, NC (PRWEB) April 7, 2005 -- Electronic tax filing continues to show a strong increase this year. The Internal Revenue Service expects, for the first time ever, to have over half of all individual tax returns electronically filed. According to industry experts, the convenience and accuracy of electronic tax filing accounts for its marked growth. Along with the continued growth of online tax preparation and filing, comes a continual increase in the Free File program. The IRS strongly encourages tax filers, who have not yet filed their taxes this year, to look into their electronic filing options and learn if they qualify for the Free File program. The IRS reported that through the end of March, 49 million tax returns were electronically filed. This is a 7 percent increase over last year’s numbers. Through March 18, the number of e-filed tax returns was up nearly 3 million over last year. The biggest increase in electronic filing is in home computer use. According to the IRS, the group of taxpayers who use a home computer to self-prepare their tax returns is up by nearly 15 percent this year. With the April 15th tax deadline rapidly approaching, the IRS encourages taxpayers to check out their electronic tax filing options. With online filing, tax returns are submitted directly to the IRS—no paper forms are necessary. Online tax filing therefore eliminates human error; in fact, less than 1 percent of e-filed tax returns contain errors, compared with up to 20 percent for printed IRS forms. This reduces the chance filers’ returns will take longer to process, and enables taxpayers to sustain on-time tax filing status and still file their taxes online just before the April 15th tax deadline. Also important to the growing trend toward online tax filing, is the short time it takes online tax filers to receive their tax refunds. Online tax filers receive their refunds up to 50 percent faster than those filing paper tax returns. All these facts account for the strong movement away from paper tax filing to online tax preparation and filing. Industry experts have noted that new tax preparation products are committed to using technology that makes electronic tax filing safer and easier. Tax filers who have not yet filed their taxes should check out the selection of online tax products found at IRS.com, a site that provides access to new improved online tax preparation programs and online software. Since 1999, IRS.com has consistently provided access to the leading online tax programs, software and more. Taxpayers looking for detailed information about how to file taxes electronically should visit an e-file resource page, IRS.com/efile/taxes.htm. The increasing electronic filing rates parallel a continued increase in the use of Free File. To date, more tax filers have used Free File this year than for all of last tax season. As of March 16, the number of tax returns that have gone through Free File are up by 44 percent compared to the same time last tax season. As of March 16th, 3.55 million tax returns have gone through Free File. FreeFile.com is a noteworthy Free File resource providing several Free File and electronic tax filing options. The record-breaking year for Free File reflects the wider increase in the overall online tax filing trend. Tax filers who have not yet filed their taxes, should rest easy considering their electronic tax filing options. Tax filers who will file in the next 2 weeks, or before the April 15th tax deadline, will still gain all the benefits of online tax filing.
http://www.irs.com

  • 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...
  • Who's Afraid Of The Big Bad IRS?
    Who's afraid of the IRS?Let's face it: We All Are!And with good reason . . . IRS horror storiesabound, and we all know someone who's beenthrough an IRS audit and lived to tell about it.So the purpose of...
  • Income Tax Help
    There are many websites on the Internet today that gives much needed income tax help for those who have no idea of what's going on during tax time. Income tax is a tax paid on income, unfortunately no...
  • 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...
  • How And Where To Find Valuable Tax Information
    Taxpayers have two options when filing a federal or state income tax return. Taxpayers can have their tax returns professionally prepared or they can prepare their own taxes. Whatever tax preparation option...
  • 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...
  • 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...
  • Tax Time Tune Up
    Excerpted from the new book, “How to Do Space Age Work with a Stone Age Brain” TM Every year American companies lose millions of dollars in productivity to employees who end up taking their own personal...
  • 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?...
  • Child Support Tax Intercept Collections on the Rise
    Oklahomas child support enforcement collected more than $17.8 million in federal tax intercepts during the first five months of 2002 alone. This tops the more than $17.6 million collected for all of last...
  • 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...
  • 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...
  • 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...