Accounting services in Denver Colorado
Home Services Resources FAQ About Us Contact Us

Why Should I File Electronically?

By Richard M. Rothman

What is Electronic Filing?
After a tax preparer completes the preparation of your tax return, the return information is filed directly with the IRS via computer modem. You receive a hard copy of your return for your records in the traditional format. A form (8453) is sent by us to the IRS with your signature and any W-2's, 1099's, or other necessary attachments. The IRS will acknowledge receipt of your return so that you know it has been filed on time. Occasionally, the IRS will not accept the return and will inform us of the problem (often a social security number mismatch). We can then adjust the return and file it again.

Benefits
Refund by direct deposit in 1-2 weeks
Refund by check in 2-3 weeks
Eliminates IRS entry of data and mistakes
Lower audit rate
Refund is processed more quickly
If balance due, only mail in payment
Receive hard copy of return for file
Direct deposit of refund
Receive filing acknowledgment by IRS
IRS encourages electronic filing
Postage savings
Both Fed and CO can be electronically filed
Disadvantages
Need signatures from both filers if joint
Not all returns can be sent electronically


Return to Resources page