Why did Ohio decide to require tax preparers to file electronically?
The primary reason for the requrement is to control the costs associated with processing income tax returns. The Department of Taxation estimates that it saves more than $1 for each return filed electronically rather on pen and paper. Electronic filing also offers several practical advantages to taxpayers and preparers. Returns submitted electronically are more accurate and allow for faster, more efficient processing procedures and quicker refunds. Electronic returns also facilitate more rapid comparisons between the federal, state and school district returns that minimize discrepancies.
The primary reason for the requirement is to control the costs associated with processing income tax returns. The Department of Taxation estimates that it saves more than $1 for each return filed electronically rather than from pen and paper. Electronic filing also offers several practical advantages to taxpayers and preparers. Returns submitted electronically are more accurate and allow for faster, more efficient processing procedures and quicker refunds. Electronic returns also facilitate more rapid comparisons between the federal, state and school district returns that minimize discrepancies.
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- Why did Ohio decide to require tax preparers to file electronically?
