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E-filing Your Tax Return – Simple and Safe
Not so long ago e-filing taxes wasn’t very common. Approximately 70% of all federal tax returns filed in 2010 were done so electronically. Those who don’t e-file their tax return are now the exception.
Why would almost 99 million taxpayers choose to e-file? No more waiting in line at the post office, no more worrying if your return reached its destination, and no more writing out a check are good reasons. You can pay any tax due by using the Electronic Federal Tax Payment System (EFTPS). Electronic payment options are convenient and secure. E-filing allows you to submit your tax return to the IRS in a quick, accurate, and efficient way. You don’t need to worry about attaching specific documents to certain pages or if the person at the IRS correctly keyed in your return. Also, since an e-filed return is computer processed, the processing time is quicker, so you can get your refund faster! More than 74 million refunds were electronically deposited saving taxpayers a trip to the bank.
E-filing is also beneficial for the IRS. For 2009 federal tax returns, it cost the IRS $0.19 to process an e-filed tax return compared to the $3.29 it took the IRS to process a paper return. Computer processed e-filed federal returns consequently have fewer errors than the human processed paper returns.
Contacting a qualified tax preparer is the easiest way to e-file. Tax professionals are experts who keep current on tax law changes. They can save you time and offer insight on how to use the tax breaks available to you. To find a professional tax preparer, look to NATP whose members subscribe to a strict code of ethics and standards of professional conduct (read them in the Press Room at www.natptax.com)
This article contains general tax information for taxpayers and is not all inclusive. Members of the National Association of Tax Professionals (NATP) work at offices that assist over 11 million taxpayers with tax preparation and planning. The average NATP member has been in the tax business for over 20 years and holds a tax/financial designation and/or a college degree. NATP has more than 20,000 members nationwide. Members include individual tax preparers, enrolled agents, certified public accountants, accountants, attorneys, and financial planners. As a nonprofit professional association, NATP serves professionals working in all areas of tax practice through professional tax education, tax research, and tax office supplies. The national headquarters, located in Appleton, WI, employs over 45 staff members. Learn more at www.natptax.com.
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Members of NATP work at offices that assist over 11 million tax payers with preparation and planning. NATP has more than 20,000 members. Members include tax preparers, enrolled agents, certified public accountants, attorneys, and financial planners.