After opening e-file for business last week, today IRS has successfully opened e-file system—which is free for individual.
The IRS, since 2003, has actually offered ‘low-to-moderate income’ taxpayers free access to leading online commercial tax preparation system. In 2012, partnering with a coalition of tax software companies named “Free File Alliance,” every taxpayer with a 2011 Adjusted Gross Income (AGI) of $57,000 or less may visit IRS Website to prepare, complete and e-file their federal tax returns for free.
With this achievement, obviously that IRS encourages tax payers to use e-file, though, as there are many advantages they can get by using e-file, i.e.: (a) Using the latest encryption technology, electronic filing has proven itself as a safe and secure method of filing a tax return, as IRS noted; (b) Using electronic return, within 48 hours, an electronic acknowledgement is issued that the return has been received by the IRS and either accepted or rejected; (c) E-filing and direct deposit has been proven as the fastest way to get a refund. Taxpayers can get their money automatically in 10 days; and (d) Taxpayers that owe taxes, e-file offers payment alternatives such as filing now and scheduling payment on the April tax deadline. Where and how to start the free e-file?
