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Prepare and free efile your income tax return online to IRS. We offer easy tax preparation services with free efile, do your taxes online and get rapid tax refund.

Why should I Choose E-file

Over the last few years, there have been several incentives, or even requirements, provided by the IRS and state governments to encourage tax filers to file their returns electronically. Statistics show the percentage of e-filers is on the rise. With tax return deadlines right around the corner, we want to share our thoughts on the questions we receive most often from clients about e-filing.

Top 5 questions I am asked about e-Filing:

#5 Do I have to e-file?

No. Currently, the IRS does not require any Tax Returns to be e-filed, though several states have implemented this requirement. In the past, the state has sent a "reminder" notice that future returns should be e-filed, but have warned that paper returns filed in the future will either be rejected or subject to a penalty. This most likely means that e-filing state income tax return in these states will be mandatory, and we can anticipate that other states will add similar requirements.

#4 Do I have to provide my bank account information?

No. The only time your bank account information needs to be provided is if you would like your refund directly deposited into your bank account, or if you would like your payment directly drafted from your bank account. If you are hesitant to provide your bank account information to government agencies, you can receive your refund by check or if you owe, you can make your payment by mailing in a check.

#3 How long does it take to e-file?

Usually a return is accepted by the IRS or state within a few business days of the return being submitted. The acceptance provides confirmation that the return has been timely filed.

#2 If I owe with my return, is the payment due when my return is e-filed?

E-filing the return before the due date does not accelerate the due date of taxes. Payments can still be remitted separately any time before the due date of the return, even if the e-file is processed earlier.

Consider the following strategy. If you are due a refund on your state return, but owe on your federal return, then e-file both returns early. You could receive your state refund in time to use it towards your federal payment due. The same holds true if you are due a refund on your federal return and owe on your state return.

#1 Why should I e-file?

Here are a few reasons to e-file:

The risk of a return being lost in the mail or misplaced is minimized. Usually a taxpayer is not notified of a missing return until months or even years later. When a return is e-filed, confirmation of acceptance (receipt) by the IRS or state is provided within a few business days.

Paper filed returns are manually entered into the government's system, meaning that an input error could trigger a tax notice.

Part of the e-filing acceptance process used by the IRS and state governments includes a "pre-check" of certain items. In order for an e-filing to be accepted, these items must be correct. This greatly minimizes the chance of receiving a tax notice.

Returns are processed more quickly; if you are due a refund, it will be sent sooner.

Mordernized e-file Issues and Solution

Known Modernized e-file (MeF for Partnerships) Issues and Solutions (2008 tax year)Binary Attachments
  • It has come to the attention of the Modernized e-File office that some transmitters/software developers/return originators are creating binary files incorrectly. In some instances, the IRS was unable to display the PDF document because of improper formatting. Effective immediately, please ensure that binary attachments are created according to the PDF standards in this correspondence. The internal identifier (first five bytes of the file) must be the standard PDF identifier, "%PDF-". If you have clients who use your software, please communicate to them the need to correctly create the binary files before transmitting. Beginning January, 2008, returns with incorrectly formatted binary files (PDF documents) will be rejected.
  • Known e-file Issues and Solutions (2007 tax year)
    Listing more than one foreign country in Schedule B
  • Form 1065, Page 2, Schedule B, Question 9 asks whether or not the partnership had an interest in a financial account in a foreign country. The element is a boolean element. When the response is yes, the foreign country must be identified. The field for the foreign country code is an indicator on the Question 9 element. As such, only a single foreign country code can be identified at present.
  • If more than one foreign country needs to be identified, please use the dependency labeled "foreign country account statement", present in the schema, to attach a statement.
  • Form 3115 Dependency attached to Part IV Line 27
  • Section 481a Adjustment Schedule is missing from version 2.3 schema package. If this dependency is needed, please use the general dependency attached to the return to report this information.
  • Correcting the Partnership Name Control
  • The partnership must write a letter to the IRS requesting a name control change. This should be done 30 day before filing a return. The letter needs to contain the partnership EIN, the current partnership name and name control and the new name control. The request must be signed by a partner of the business. If desired, the letter should also request confirmation that the name control change was received and made.
  • The letter can either be faxed to (801) 620-7116 or mailed to:Internal Revenue Service1973 North Rulon White Blvd. M/S 6273Ogden, UT 84404
    Changing the Name of the Partnership
  • 30 days prior to filing your return, the partnership must write a letter to the IRS requesting a name change. The letter needs to contain the partnership EIN, the current partnership name and the new partnership name. The request must be signed by a partner of the business. If desired, the letter should also request confirmation that the change was received and made. The letter can either be faxed to (801) 620-7116 or mailed to:
Internal Revenue Service
1973 North Rulon White Blvd. M/S 6273Ogden, UT 84404

Source: - irs.gov

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More and more Americans have chosen e-file, which lets them electronically file an accurate tax return or get an extension of time to file without sending any paper to the Internal Revenue Service. The 2007 filing season set a series of records, highlighted by 73 million tax returns being filed electronically and home computer usage jumping 18 percent.

We saw a surge of e-filing at the end of the tax season, particularly with people using software on home computers. Compared to recent years, we had much more e-filing in the weeks leading up to the deadline, signaling that more balance due filers are embracing this service, said IRS Commissioner Mark W. Everson. Overall, we received more tax returns electronically this year than the number of paper returns we processed for the entire United States in 1966. E-file is changing the way the nation does taxes.

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Are you interested in preparing and e-filing your federal income tax return for free? Millions of taxpayers are eligible to use Free File. To see if you are eligible and to learn more about these free online company services. Please visit our FREE IRS e-file page now.

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