What is e-filing?
E-filing refers to filing your taxes online, rather than through the mail. In 1986, the IRS launched their e-file program in order to make the process of filing taxes cheaper and easier for consumers. Filing taxes electronically substantially reduces errors. E-filing is also less time consuming, and results in a faster refund. If you e-file and you owe the government money, you can either send a check in the mail, pay by debiting your checking or savings account, or pay with a credit card. When you send a return by mail, you must pay extra for certified mail with a return receipt if you wish to confirm that the IRS has received your return. When you e-file, the IRS notifies you by email within 48 hours to confirm that your return has been received. Preparing your taxes online is secure, easy and much cheaper than using an accountant. In most states, you can e-file your state return at the same time that you file your federal tax return online.
e-file solution. Benefits of E-Filing • Refunds, if directly deposited to your checking or savings account, are received usually within 5-15 days from the date the return was accepted by the IRS (note: there are no guarantees made by the IRS). • The option of getting mailed a paper check to your house is also available. This option adds 10 more days to the process. • If a payment is owed it can be directly debited from your account. If the return is processed before April 15 the date you want the money debited from your account can be pushed back as close to April 15 as you would like with the FILE NOW PAY LATER option. • The option of mailing in a paper check is also available. A payment voucher will be given to you and you just have to make sure it is mailed along with a check prior to April 15. Therefore, again you can FILE NOW and PAY LATER. • Electronically Filing your tax return guarantees that the IRS received your return because the IRS sends acknowledgments out to PDP Tax Serv
E-filing (electronic filing) is a method of transmitting your tax return directly to the IRS electronically. You can complete your taxes or file for an extension without sending any paper forms to the IRS. E-filing offers speed, security and accuracy, and helps you get your refund faster. The average refund for an e-filed federal return is received within 10 days. The average refund for a traditional return is received in 6 to 8 weeks.
Electronic filing (e-filing) is a fast, secure alternative to mailing your federal and state tax returns. In general, e-filed returns are processed more quickly than mailed returns, which means you’ll get your tax refund sooner. Also, e-filing is more secure than the traditional mailing method because TurboTax uses industry-standard encryption technology to electronically transmit your return. See Confidentiality of E-filed Tax Returns for details.
