Should I E-File or Paper File?
You should e-file. E-filing allows you to receive your refund more quickly, and also cuts down on the number of data entry errors. If you e-file, you can receive your refund via direct deposit in 10-14 days. If you paper file, it takes 5 -7 weeks to receive the same refund via direct deposit. When you file a paper return, an IRS employee sits down in front of a computer and enters the information. When you e-file, the return is transmitted directly to the IRS. The less people typing in data, the lower the likelihood of clerical errors. The only exception would be if you have attachments or forms that are not allowed to be filed electronically. For example, if you are sending in an estimated W2 because your employer went out of business, you have to file manually. Also, if you are filing taxes for prior years, you cannot file electronically. The tax returns for any year before 2004 have to be mailed to the IRS.
Submitting your tax return by e-file and mailing it on paper are the only two ways to send your tax return to the IRS. E-file is faster, safer, and generally more convenient than paper filing. Filing on paper is generally cheaper, and refunds take longer. E-file benefits Electronically submitting your tax return to the IRS is faster, more convenient, and more secure than paper filing. But in order to e-file your return you have to have your taxes done by a tax preparer, prepare them yourself using tax software, or use one of the “Free File” web software programs. Confirmation from the IRS The biggest benefit for electronic filing: you will receive a confirmation that the IRS has received your tax return. This is proof that the IRS received your tax return and has started processing it. If the IRS does not accept your tax return, you will get a rejection notice. The confirmation or rejection notice is sent within 24 hours of transmitting your return.
