E-filed returns on the rise for 2019 tax season
Mailed tax returns to be significantly delayed for processing
APPLETON, Wis. - March 4, 2019 - PRLog -- In the past, e-filing taxes was a rare practice. Of all the federal tax returns filed in 2001, only 31 percent were filed electronically. That jumped to 87 percent in 2017. Those who don't e-file are now the exception.
Why would almost 99 million taxpayers choose to e-file? There's 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. Tax due can be paid by using the Electronic Federal Tax Payment System (EFTPS). Electronic payment options are convenient and secure. E-filing allows taxpayers to submit a 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. In addition, e-filed returns are processed more quickly, which results in a quicker turnaround time.
E-filing is also beneficial for the IRS as it costs significantly less to process an e-filed return than a paper one. Computer processed e-filed federal returns consequently have fewer errors than the human processed paper returns.
This article contains general tax information for taxpayers. Each tax situation may be different, so do not rely upon this information as your sole source of authority. The National Association of Tax Professionals (NATP) advises working with a trusted expert who keeps current on tax law changes and is an NATP member. To learn more about NATP or to find a registered tax professional near you, visit www.natptax.com.
NATP is the largest association dedicated to equipping tax professionals with the resources, connections and education they need to provide the highest level of service to their clients. NATP is comprised of more than 22,000 leading tax professionals who believe in a superior standard of ethics and exemplify professional excellence. Members rely on NATP to deliver professional connections, content expertise and advocacy that provides them with the support they need to best serve their clients. The organization welcomes all tax professionals in their quest to continually meet the needs of the public, no matter where they are in their careers. The NATP headquarters is located in Appleton, WI. To learn more, visit www.natptax.com.
Nancy Kasten, NATP marketing director