The 2007 tax filing season is in high gear! If you haven’t already, you too will soon be testing the efficiency of the IRS this year. According to the IRS, the season is off to a good start, with no glitches during the first month of the e-filing season. The IRS however believes that it will not reach the 80% e-filing goal set for 2007.
The IRS continues to move toward a paperless filing process and from the most recent results; this may be the most efficient way for taxpayers to file their returns. Whether you are an individual or a business, use software or take your information to a professional, e-filing returns will be the filing procedure of the future. Software vendors have incorporated it into their tax preparation software for not only individuals, but accounting professionals too. And the IRS continues their push with the MeF program. The MeF (Modernized E-File) program also business owners to e-file their returns through the internet.
E-filing is here to stay it appears, so if you have not considered e-fling as part of your tax strategy, there is no better time than the present. Keeping your Business N Synergy.
Brian N. Stovall