E-Returns Expected to Grow to 50 percent of Total by 2007
In 2000 alone, it is expected that 33.6 million returns will be filed over the Internet for 26.5 percent of the total. The number of electronic returns is expected to grow to an average of 60 million returns by 2007.
Reasons are attributed to faster response for refunds by the IRS, along with an increase in the number of electronic filing sites and ease of preparation.
The outlook, however, remains rosy for tax preparers. Last year, 21.2 million returns were filed with the assistance of a tax professional.