Advantages of filing  taxes online

Advantages of filing  taxes online

There are many advantages of filing your taxes online.

1. Greater accuracy : One of the biggest advantages of filing your taxes online is greater accuracy. Most of the software used currently by tax professionals are advanced, allowing them to focus more on finding those tax saving deductions. Therefore, lesser time is spent on fixing clerical errors.
2. Faster refunds : e Filing returns offers faster tax refunds as they are easy to verify by the IRS. Certain types of deductions eg: Earned income credit or additional child tax credit may take additional processing time but vast majority of them can be processed within 21 days.
3. Faster to file : Most software applications used by tax professionals can file taxes with minutes. There are no more delays. They can even provide you with submissions confirmations under 15 minutes.
4. Reliability : One of the benefits of filing taxes online is reliability. Filing through postal mail can take several weeks including tracking your mail package. With electronic filing, there is an electronic audit trail. This makes it highly reliable form of data transmission as compared to the postal mail.
5. Lower costs : The costs and overhead of working with an online tax preparation company are lower. There are minimal overheads. Most professionals will charge lower fees as compared to full service provider. There is a win win for both the tax preparation company and the tax filer.

Below are few useful links from the IRS website relating to your eFiling options 

https://www.irs.gov/filing/e-file-options

To check your online tax refund on the IRS tax website, click here   https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp

For complex tax returns, it is highly recommended to contact a tax professional. The costs of fixing errors later would be much higher than using an experienced tax preparation company. If you require any additional help, contact us via our web form below http://www.lonestarconsultinggroup.com/contact/