Filing taxes electronically can expedite the process from "summary" of Income Tax Fundamentals 2021 by Gerald E. Whittenburg,Martha Altus-Buller,Steven Gill
When taxpayers submit their tax returns electronically, they can significantly speed up the processing time. This is because electronic filing eliminates the need for manual data entry, reducing the chances of errors that can delay the processing of paper returns. The IRS can process electronic returns much faster than paper returns, allowing taxpayers to receive their refunds sooner. In fact, taxpayers who file electronically and request direct deposit can receive their refunds in as little as three weeks, compared to six to eight weeks for paper filers. Moreover, electronic filing is not only faster but also more secure than paper filing. When taxpayers file electronically, their information is encrypted and transmitted securely to the IRS. This reduces the risk of sensitive information being lost or stolen during transit. In contrast, paper returns are more vulnerable to theft or loss, as they must be physically mailed to the IRS. Electronic filing also provides taxpayers with confirmation that their returns have been received and accepted by the IRS, giving them peace of mind that their taxes have been successfully filed. Furthermore, electronic filing offers taxpayers the convenience of being able to file their returns from anywhere with an internet connection. Taxpayers can use tax preparation software or online services to electronically file their returns, making the process easier and more efficient. Additionally, electronic filing can help taxpayers avoid common errors that can delay the processing of their returns. Tax preparation software can catch mistakes such as math errors or missing information, preventing delays in processing and reducing the likelihood of an audit.- Filing taxes electronically is a simple and effective way for taxpayers to expedite the processing of their returns. By eliminating the need for manual data entry, electronic filing can help taxpayers receive their refunds faster and with greater security. Additionally, electronic filing offers taxpayers the convenience of being able to file from anywhere and can help them avoid common errors that can delay processing. Ultimately, electronic filing is a valuable tool that can streamline the tax filing process and provide taxpayers with a faster and more secure way to file their taxes.
