E-File Available Through October 16 | AccountingWEB

E-File Available Through October 16

The Internal Revenue Service (IRS) reminds taxpayers who previously filed for extensions that they can electronically file (e-file) their tax returns through October 16, 2006.

E-filing is a safe, convenient and secure way to file tax returns. Taxpayers receive a confirmation to keep for their records. Those wishing to e-file can file through:

  • A tax professional – Use the Authorized IRS e-file Provider Locator Service or check the Individual e-file Providers page on the IRS web site to find tax professionals who offer e-file.

  • A home computer – A computer with a modem or Internet access and tax preparation software are all that is necessary. E-filing via a home computer can be done 24 hours a day, 7 days a week. For more information on using a personal computer and a list of IRS tested and approved software companies, see e-file Using a Computer.

  • The Free File Alliance – Taxpayers with an adjusted gross income (AGI) of $50,000 or less may be eligible to receive free tax return preparation and electronic filing through a partnership agreement between the IRS and the Free File Alliance, LLC. For more information, visit the Free File page on the IRS web site.

The extension granted extra time for filing the tax return only, not for paying any taxes due. Taxpayers will owe interest on any past due tax and may be subject to a late payment penalty if payment was not made by the original due date of the return. This year, the original date for most taxpayers was April 17.

Last year, nearly 1.8 million taxpayers filed electronically after the April deadline. This year, through April 21 alone, 70 million tax returns were e-filed and 20 million of those were filed from a home computer.

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