How to efile taxes online

How to efile taxes online?

Step 1 – Get all your tax information together! – You’ll save time and won’t have to stop in the middle of preparing your current year tax return to find a missing document.

Here is what you will need to eFile a Tax Return Online with the IRS using online software to prepare taxes:

  • Social Security numbers for yourself, your spouse, and any dependents.
  • Forms W-2 from all employers are required for yourself and your spouse.
  • Forms 1099 for Dividends, Retirement, or other income, or any Forms 1099 with Income Tax Withholding.
  • Receipts for expenses for Itemized Deductions (Schedule A).
  • Receipts and records for other income or expenses.
  • Bank Account numbers (for a fast refund, or to pay electronically).
  • Prior year Adjusted Gross Income amount or prior year PIN if using a Self-Select PIN as your signature.
  • Complete information on what records you need, and how long to keep your records.

Step 2 – Choose the method of e-filing that works for you:

  • Tax Professional
  • Personal Computer

Step 3 – e-file it!

Paid Preparer – If using a Tax Preparer, be sure to take all your information with you, and don’t forget to ask for IRS e-file!
Personal Computer – Those filing taxes online, just answer the simple questions in our tax preparation software here at File Your Taxes Now, and the software will do the rest for you. For faster refunds, or to pay when YOU want to, have your bank account number handy.

 

Common Features of Software and Online Products that Allow for eFile:

  • Easy-to-understand online interview
  • No income restrictions
  • Supports every filing status
  • Selects the right federal income tax form for you: 1040EZ, 1040A, 1040
  • Calculates capital gain distributions
  • Claim tax credits
  • Claim deductions for IRA contributions, student loan interest, school tuition and fees, etc.
  • Claim itemized deductions
  • Detects and calculates Child Tax Credit
  • Detects and calculates Earned Income Credit (EIC)
  • Report self-employment income
  • Report small business income
  • Report income from sale of a property
  • Error and omission checking (100% accuracy guaranteed)
  • Fast direct bank refund deposit (requires bank account)
  • Pay later – deduct fee from refund (small fee applies)
  • efile for an extension by April 15, 2015
  • Print your completed and IRS accepted return

There is no need for you to select a tax form; it’s all done by the efile.com online tax preparation software. If you need a tax form that is not currently accepted online by the IRS, you can still complete and efile your federal tax return.  Relax. You’re done. Now SHARE – tell a family member or friend IRS e-file is the smart way to electronically file their federal and state income tax returns!

e-Filing

eFile Your 2007 Income Tax Return Electronically

  • Nearly 80 million tax returns were e-filed in 2006! (22.6 million were filed from home computers).
  • Ask us about filing and paying electronically. Filing taxes online and paying electronically gets taxes done more accurately, quickly and efficiently.
  • Electronic tax filing and paying ensures that your tax information arrives and that your history is safe and secure.
  • Direct Deposit of your tax refund will ensure you recieve your refund safely. 115,478 taxpayers did not recieve their refund checks (worth about $110 million) because the checks were returned as undeliverable.

Since 2001, the number of e-filed returns has almost doubled and over the past decade the number of e-filers has increased four-fold.

  Year 

Returns

  Total e-file 

 Percent e-file

1997

 121.5 million

19.2 million

15.8%

1998

123.8 million

24.6 million

19.9%

1999

125.9 million

29.3 million

23.3%

2000

128.4 million

35.4 million

27.6%

2001

131.0 million

40.2 million

30.7%

2002

131.7 million

46.9 million

35.6%

2003

131.6 million

52.9 million

40.2%

2004

132.2 million

61.5 million

46.5%

2005

134.0 million

68.5 million

51.1%

2006

136.1 million

73.3 million

53.8%

More than 22.6 million returns have been e-filed by taxpayers doing their own returns, up from 20.3 million from the same period last year. More than 57.4 million returns were e-filed by tax professionals, up from nearly 52.9 million last year.

Begin Preparing Your Tax Return Now

Tax News for November 2007

Honda Hybrid Begins Phase-Out on January 1
IR-2007-191, Nov. 19, 2007 — The IRS announced today that American Honda Motor Company, Inc, has submitted quarterly reports indicating that its cumulative sales of qualified vehicles to retail dealers reached the 60,000-vehicle limit during the calendar quarter ending Sept. 30, 2007.

IRS Reminds Charities and Churches of Political Activity Ban
IR-2007-190, Nov. 19, 2007 — The Internal Revenue Service today reminded section 501(c)(3) organizations, including charities and churches that federal law prohibits them from becoming directly or indirectly involved in campaigns of political candidates.

IRS Has $110 Million in Refund Checks Looking for a Home
IR-2007-189, Nov. 14, 2007 — Each check is worth $953, on average.

2008 Nissan Altima Certified as Qualified Hybrid Vehicle
IR-2007-188, Nov. 13, 2007 — The IRS has acknowledged the certification by Nissan North America, Inc., that its 2008 Nissan Altima Hybrid vehicle meets the requirements of the Alternative Motor Vehicle Credit as a qualified hybrid motor vehicle.

Plan Now to Get Full Benefit of Saver’s Credit; Tax Break Helps Low- and Moderate-Income Workers Save for Retirement
IR-2007-187, Nov. 9, 2007 — The saver’s credit is an added bonus for many eligible workers who contribute to retirement plans. Like other tax credits, the saver’s credit can increase a taxpayer’s refund or reduce the amount of taxes owed.

2008 Hybrids Certified As Tax Credit For Toyota and Lexus Comes to an End
IR-2007-186, Nov. 8, 2007 — The IRS acknowledged the certification by Toyota Motor Sales U.S.A., Inc., that several of its Model Year 2008 vehicles qualify for the hybrid vehicle tax credit. Only vehicles purchased prior to Oct. 1, 2007, qualify for a credit.

Another Record-Breaking Number of Taxpayers Choose to Electronically File in 2007
IR-2007-185, Nov. 7, 2007 — The IRS this year received nearly 80 million tax returns through e-file, breaking the record set last year.

IRS and States to Share Employment Tax Examination Results
IR-2007-184, Nov. 6, 2007 — Officials from the IRS and more than two dozen state workforce agencies have entered into agreements to share the results of employment tax examinations.

IRS Warns of E-mail Scam Soliciting Donations to California Wildfire Victims
IR-2007-183, Nov. 2, 2007 — Don’t be fooled by a scam e-mail that appears to be a solication from the IRS for donations to victims of the recent California wildfires.

IRS Announces New Chinese, Korean, Russian and Vietnamese Tax Glossaries to Assist Taxpayers
IR-2007-182, Nov. 2, 2007 — Five new publications will meet growing demand for non-English language tax information.

News Release and Fact Sheet Archive
News releases and fact sheets from November 2002 forward and an archive of news releases and fact sheets in PDF format back to 1997.