Electronic filing of your income taxes has been around for probably 15 years. When I worked for the private practice CPA, we charged $30 to e-file over our dial up connection. I think the first year we did about 15 returns.
Next year if a tax preparer does more than 10 returns, he must e-file them all. So this year at the big CPA firm across town where I work 2 months a year, we are e-filing as many as we can.
It's a matter of educating people. The CPA completes the paper return and we mail a copy to the client along with a federal form and a state form which needs to be signed and dated and returned to us before we can transmit their data to the government.
We are having to follow-up on about 10% of those forms. Plus, if the client owes, we provide a "coupon" with an envelope so they can mail their check easily on or before April 15. One client decided we wanted that back as well. Fortunately, she included her check for the balance due.
This year we are considering e-filing using our software. I'll let you know if we decide to and how it goes.
'til later
Bargain Barb
- Bargain Barb
- Naperville, Illinois
- Greetings! I have years, no decades, of financial experiences to share. I have a passion for education. I am a control freak in that I need to know where my $ goes. I continually ask myself do we need that, what risks are we taking with that investment, how/when can we get at our $, and just how much does Uncle Sam demand of our every earned $. Stay tuned to my life choices now and my references to life choices/experiences from my past.
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