Saturday, January 13, 2007

Tax Season Begins As IRS Starts Accepting 2006 E-Returns

Washington, D.C. (AHN) - The U.S. Internal Revenue Service (IRS) has begun accepting electronic submissions of tax returns from 2006. Known as "E-Filing," IRS Commissioner Mark W. Everson says, "E-file is fastest, safest and most accurate way to file a tax return. People will get their refunds faster through e-file. E-file greatly reduces the chances for making an error compared to filing a paper 1040." According to the IRS, e-file surpassed a record in 2006 when more than 73 million tax returns, almost 54 percent of all returns, were filed electronically. Taxpayers who use IRS e-file and who choose direct deposit can receive their refund in half the time. Proponents of the new digital system say that encryption makes filing online safer and more accurate.

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