Tax software developers also must operate under these rules, and they must protect customer confidentiality during the e-filing process. They may not reveal or discuss any information contained in your return unless you authorize them to do so. You've got no worries about data falling into the wrong hands or being misused because the IRS, the states and tax preparers are under the same rules of confidentiality for e-filed returns as they are for paper returns.
Will my tax return data be kept confidential? Some states accept e-filed tax returns directly while other states have the return sent to the IRS first and then the return gets passed along to the state taxing authority. Generally, yes, you can also e-file your state tax return along with your federal tax return. You can use a self-selected Personal Identification Number (PIN) just as you would at a bank ATM. You can now file a completely paperless return, right down to your signature. You can save more trees than ever using e-file. Can I avoid having to file anything on paper? And if the IRS detects any errors, it will send an error code that TurboTax will translate into a text message telling you what the problem is, how to fix it, and how to retransmit your return. It could take weeks for you to get that receipt.īut if you file electronically, the IRS notifies you by email within 48 hours that it has received your return. When you send a return by mail, you have no way of knowing if the IRS received your return unless you pay extra for certified mail with a return receipt. How will I know that the IRS has received my tax return?Įver worry that your return might get lost in the mail? E-filing lets you rest easy. If, however, you still prefer to send the IRS a paper return, TurboTax gives you that option.
Speedier preparation You can get the job done a lot faster if you tackle it with your computer.If there is a mistake on your return, the IRS can detect it and send back an error report in as few as 48 hours so that you can quickly fix the problem. But only about 1 percent of returns prepared electronically contain errors. According to the IRS, 20 percent of income tax returns prepared on paper have mistakes, such as missing information or taxes calculated using the wrong tax tables half of those errors cause folks to overpay their taxes. Fewer mistakes Using tax software such as TurboTax substantially reduces errors.
Here are some reasons why electronic filing makes sense for most taxpayers:
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