Know the Benefits of efiling over paper filing
Updated on March 26, 2021 - 10:30 AM by Admin, ExpressEfile
Every business in the U.S. needs to file one or more tax forms with the IRS, and the IRS supports multiple options for filing the tax forms. The two major options are electronic filing and paper filing.
Read on to learn about e-filing and its advantages.
Table of Contents
1. What is E-filing?
E-filing, the process of submitting forms online without having to provide physical documents, is a simplified way of filing tax forms. E-filing is done with the help of tax software with the capability of filing with the IRS. To e-file tax forms, you will need to choose an e-file service provider like ExpressEfile.
2. Advantages of E-filing
There are plenty of benefits available for you when you choose to e-file tax forms. Also, the IRS recommends filers to prefer e-filing for filing their tax forms. Below are the best benefits you will get when you choose e-filing:
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Quick processing
The IRS quickly processes tax forms that are filed electronically; however, it may take up to weeks for the IRS to process your forms when you file by paper.
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Instant filing status
You will be notified when the IRS processes your tax forms so that you will know the status of your form whether it has been accepted or rejected.
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Error-free
The best e-file service providers like ExpressEfile provide an option to validate your tax form based on the IRS business rules and help filers to file returns error-free. When you choose paper filing, there are high chances that you make an error as you are entering the values manually.
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Access copies in Cloud
One of the important benefits you’ll get when you choose e-filing is the ease of access. You can access your tax returns at any time anywhere as they are securely saved in Cloud. It’s highly organized and eliminates the necessity of physical storage space.
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No Hidden Costs
You can also save more money when you prefer e-filing. You will only need to pay the filing fee alone as the paper filing requires you to pay for printing, envelopes, and postal mailing. In addition, e-filing helps you save a lot of time and file in comfort.
3. How can you e-file?
To e-file tax forms, first, you need to choose an e-file service provider. Although there are many
e-file providers available in the market, there are only a few IRS-authorized services like ExpressEfile offer the best features at an affordable price.
Things you should keep in mind while choosing an e-file service provider are:
- IRS authorization
- Form validation
- Lowest price
- Customer support
With ExpressEfile, you can e-file tax forms such as Form 941, 940, W-2, 1099-NEC, 1099-MISC, and 2290 easily and accurately by following a few simple steps. The in-built audit validates your return based on the IRS business rules and makes sure your returns are error-free.
Here’s how to file tax forms using ExpressEfile:
- 1. Enter the form information
- 2. Review the Form
- 3. Transmit the form to the IRS
It’s simple and easy.
