Filing taxes on paper is on the way out. Efile is the new way to go.
Filing your income tax return using paper forms is not quite as common as it once was. This is due in large part to the IRS efile option. With efile you have the ability to file your return electronically. For anyone with access to the internet this is the best possible filing option.
First Day to Efile
The IRS tax calendar shows that the first day to efile in 2010 is January 15. The last day to efile without being penalized is April 15, 2010.
This gives you plenty of time to decide if efile is right for you, to collect all the proper documents, and to hire a tax professional if necessary.
How do I Efile?
If you want to efile you have a couple of options. Those who want the least amount of stress should probably hire a tax professional who is authorized to provide this service to clients. The vast majority of tax pros use efile these days.
Alternatively, if you have internet access you can take care of the entire process on your own. You can do this using tax software or by filing online. Filing online is by far the fastest, easiest way to efile.
What are the benefits? By efiling and choosing direct deposit, you may have your refund in as little as two weeks.
Source: www.banks.com.
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