Electronic Filing (E-File)

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Definition of 'Electronic Filing (E-File)'

Electronic filing (e-file) is the process of submitting tax returns and other forms electronically to the Internal Revenue Service (IRS). It is an alternative to filing paper tax returns.

There are several advantages to e-filing. First, it is more convenient than filing paper returns. You can file your taxes from anywhere with an internet connection, and you do not have to worry about mailing your return or waiting for it to be processed. Second, e-filing is faster than filing paper returns. The IRS typically processes e-filed returns within 24 hours, while paper returns can take several weeks or even months to process. Third, e-filing is more secure than filing paper returns. Your tax information is encrypted when you e-file, so it is less likely to be lost or stolen.

To e-file your taxes, you will need to create an account with the IRS's e-file system. You can do this online or by calling the IRS. Once you have created an account, you will be able to file your taxes electronically using the IRS's e-file software.

The IRS offers several e-file options. You can file your taxes using the IRS's free e-file software, or you can use a commercial e-file service. Commercial e-file services typically charge a fee, but they may offer additional features, such as audit support or help with tax preparation.

If you are eligible for the IRS's free file program, you can file your taxes for free using the IRS's free e-file software. The IRS's free file program is available to taxpayers who have an adjusted gross income of less than $72,000.

If you are not eligible for the IRS's free file program, you can use a commercial e-file service. There are many commercial e-file services available, so you should compare prices and features before choosing one.

Once you have chosen an e-file service, you will need to create an account with the service. You will then be able to file your taxes electronically using the service's software.

E-filing is a convenient, fast, and secure way to file your taxes. If you are eligible for the IRS's free file program, you can file your taxes for free using the IRS's free e-file software. If you are not eligible for the IRS's free file program, you can use a commercial e-file service.

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