How to Get Ready To File Tax Return Online
No matter whether one files taxes oneself or hire tax consultant, e-filing can be a better alternative. It can save your money, eliminate paperwork and mistakes. In addition to that, electronic filing guarantees fast delivery of forms and speed up getting a refund.
E-filing gains popularity and IRS aims to increase its level, as it is a win-win way of informational return for both sides. It saves the time of filer and money of IRS since the applications should not be processed by their employees manually.
Credit Karma says, that in 2017, 88% of all individual returns were filed in the digital format. Undoubtedly, it speeds up the template processing both for taxpayers and IRS officers.
The Benefits of Electronic Tax Filing
One of the most visible benefits is undoubtedly decreasing of template processing and paperwork. In fact, those are not the only two. Except for this e-filing has the following positive sides:
- The forms are delivered to the Internal revenue Service within twenty-four hours.
- When filing digitally one creates an e-copy of the filed document and it helps to better control taxes filing.
- Every taxpayer gets a confirmation that the return has been delivered and accepted.
- Faster refund if to compare with paper filing. In particular, a paper return takes up to six or eight weeks. Digital one takes up to three or four weeks and can be even faster.
- Paper filings are more difficult to file and process because of handwritten mistakes. They are found in almost twenty percents of templates. On electronic ones this amount is decreased to one percent.
- E-filing is also good for payments, as one can schedule paying taxes and money will be withdrawn automatically.
This number of benefits is really persuasive. But to file the tax return this way one should know what solutions to trust and use. The tax information contains confidential data, that is why only a trustworthy service will be a perfect variant.
How to File Taxes in a Digital Way
The very beginning of the tax digitalization for one person or the company starts with selecting a good software or online service. There is a wide variety of services, used for filling out W-9, W-2 https://fillable-form-w2.pdffiller.com/, 1099-MISC https://1099-misc-form.pdffiller.com/ and other PDF templates. One of them is acknowledged by a government is online e-filing service from Free File. According to the agreement between the IRS and Free File. It is easily accessible from the official website and is subdivided into two parts. One of them is for those who have an income less than $66,000 in a year — Free File. The second one is for the filers with an income, higher than $66,000. It is Free File Fillable Forms. Those services are free for the citizens and also available for business.
There is also a lot of tax preparation software and online services, that help to fill out any form. It is up to you what way of digital filing to choose, but pay attention to the following criteria:
- reasonable price (no need to overpay for the thing that costs less);
- simple interface and installation (or no installation at all and user-friendly interface, it depends on your internet connection);
- the high security level and safe data processing and filing (as most forms contain the confidential information that can not be disclosed in public);
- all the needed tools for taxes filing in your particular case (explore the features the template contains before using it).
Anyway, filing your informational return either individual or business is much easier, cheaper and faster in the electronic format. Just select the preferable solution and ease your life filing all the templates digitally. To know more about it watch this video.
