Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next
Author: FoolOnThreadmill Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121572  
Subject: Re: E-filing advantages Date: 1/4/2002 8:40 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
The IRS seems to be urging people to use e-filing of income tax returns. It also seems that there is almost always a fee for filing in this manner.
The advantages to me that I see are the cost avoidance of postage and printing the forms and PERHAPS quicker processing by the IRS. Based pm that I don't think
e-filing is worthwhile.
Is there some advantage to me that I am neglecting?


Yes, you are overlooking the advantage that the IRS gets to free up resources they would spend on typing the stuff in, and shift those resources to audits. And they can prodiuce ever more complex returns, because now they can handle the amount of data entry, AND, finally, they get the stuff all way faster in the computer, so they can start audits earlier in the year.

AND, you are paying for their infrastructure with your filing fee.
(Or, you are paying for the fact that they have outsourced that filing to the tax prep companies...) Right now, you get rebates for those filing fees from almost everyone, but as people accept thge notion of e-filing and e-filing fees, you'll be expected to really pay 'for the convenience'.

Smart people owe tax, they do not expect refunds (why give Uncle Sam an interest free loan?). Hence, no advantage for those people in getting the refund earlier...

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement