The process of filing for taxes is one considered tedious and somewhat inconvenient. As such, the opportunity to do it remotely is a welcome one for most individuals and businesses. It is with this in mind the Internal Revenue Service provides an opportunity for one to file their taxes electronically. There also other avenues to do this that are affiliated with the Internal Revenue Service.
The advantages, apart from convenience, are two other important aspects: the filing process safe, and free. There are also significant reductions in the time that one needs to wait for a tax refund, with the period being cut in half in some cases. Another often quoted advantage is that if you have arrears or back payments owed to the Internal Revenue Service, the electronic filing process provides you with more options through which you can remedy this problem.
Within the Internal Revenue Service, the process is of filing taxes called the IRS e-file. It has been available since 1990.
The option that is provides for one to file their tax returns freely is called Free File. Free File is open to individuals with an annual income below $57,000 and there are a number of ways a person interested in this facility can access it only through the Internal Revenue Service website, www.irs.gov.
For those wishing to file for their taxes electronically that are open to any income bracket, one can use by forms that are called Free File Fillable Forms. These forms support simple mathematical formulae and can’t be used for the more complicated state tax returns.
There are some tax software companies that can provide you with support software that can be used to file state tax returns. These are also found in the Internal Revenue Service website www.irs.gov. and as such can be trusted with your tax information since they go through a verification process of sorts.
You can also decide to handle the process yourself, especially if you have a working knowledge of how to file your taxes and the calculations involved. E-file software is commercially available and once you have processed the information, you can then send it through the secure channels available through the Internal Revenue Service website.
Yet another method is to use a tax preparer. The law requires that these tax filing professionals be well-versed with the e-filing process and it also makes practical sense for them to be familiar with it. This will certainly help one enjoy the benefits of e-filing while also leaving the process in the hands of experienced professionals.
The Internal Revenue Service provides you with various directions and steps that can help you select which form of electronic tax filing-works for you, making the process conveniently user-friendly.