Top Boarder
 
Filing taxes online has never been easier than now Learn about filing taxes online.

About Filing Taxes Online

More and more taxpayers are figuring out that filing taxes online can save them a lot of time and hassle. Find out more about the e-filing process here.

Background on E-filing

Filing taxes online is strongly encouraged by the IRS. The IRS allows taxpayers to file taxes electronically with its e-file system. The online service is free, reliable, and fast. All of our tax preparation packages come with a free e-file option. For the tax year 2006, the IRS reported that more than 80 million taxpayers filed their returns online. More and more originators, or services that prepare taxes and help with filing takes, are also signing up for e-file.

Benefits of Filing Taxes Online

The benefits of filing taxes online abound. According to the IRS, e-filing greatly expedites tax refunds, shaving an entire week off of the three-week average it takes to process a refund. Additionally, 37 states and the District of Columbia now participate in e-file, which means that you can file a state tax return together with your federal tax return.

Features of Filing Taxes Online

Here are some important features of filing taxes online:

  • Accuracy. When filing taxes with paper returns, there is an error rate of about 20%. When filing taxes online, the error rate is less than 1%.
  • Security. You can choose a five-digit personal identification number (PIN) in lieu of an electronic signature with IRS Form 8879. Your PIN will authenticate your electronic signature and also authorize electronic refunds and payments between you and the IRS.
  • Verification. To verify your identity when filing taxes, the IRS will send an electronic verification within two business days to the tax originator or individual that submits your return. When you are Filing Taxes online, keep in mind that your tax originator cannot submit your tax return via e-file before he/she has your W-2 forms for the tax year.
Filing online offers accuracy, security and verification.