E-filing Season Off To A Strong Start

The IRS reports that the fifteenth year of electronic tax filing is off to a strong start, recording a 27.7% increase in e-filing for this opening weekend of the tax season.

The IRS expects one in four taxpayers will file electronically this year, representing over 33 million returns. "We're working to get the other three to join us," said Robert Barr, IRS Assistant Commissioner for Electronic Tax Administration.

For those who owe taxes,only e-filers can have the payment taken directly from a checking or savings account by authorizing a direct debit on a selected date. Thus, they can file early but have the payment occur as late as the tax deadline.

Some computer filers will also have an option to include a credit card charge for taxes owed with their e-filing information. Tax preparation software from Intuit will allow
users to charge a balance due to a Discover Card, and professional preparers using Orrtax software will be able to offer their clients the option of charging a balance due to an American Express, MasterCard or Discover Card account.

You may like these other stories...

Some of your clients may get away to business conventions from time to time. It gives them a chance to rub shoulders with colleagues, catch up on the latest developments, and fine-tune their skills. And, when the meetings or...
PwC must face $1 billion lawsuit over MF Global adviceA federal judge on Wednesday ordered PricewaterhouseCoopers (PwC) to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the...
Being an accountant doesn't mean you're giving investment advice to clients. However, at tax time, accountants often have to deal with the results of any investment advice clients obtained during the year—the...

Already a member? log in here.

Upcoming CPE Webinars

Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 10
Transfer your knowledge and experience to prepare your team for the challenges and opportunities of an accounting career.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.
Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.