Technology has most certainly made a huge impact in our everyday lives. Imagine doing away with all that cumbersome paperwork and e-Filing both your federal and state taxes at a single location. Many years ago, that was probably only a dream. But today, with the evolution of technology, it's now a reality. You can safely e-file your federal and tax return from IRS authorized websites. Here is how the process works.



If you are a new user, you will need to create a new account. All you need is your Social Security Number (SSN). Enter your SSN when prompted, and choose a user name and password. Once you have done that, you can go through the interview process to complete your tax return. Note that there is a deadline even for e-file tax returns (midnight, April 15th). You can file for a new tax return later but penalties may apply.

Many people miss the deadline for various reasons. If you are still filing manually, chances are you may forget to complete the filing process. There are just too many steps to remember! First, you have to make sure that you receive the forms promptly. After that, you may have to spend hours reading through the forms and figuring out which number go into which field. Upon completion, you will have to recheck the forms, and make sure that the forms are filled out correctly. If there are mistakes, you will have to go back to correct the mistakes before sending the forms out. Some people even forget the last step. They filled the forms promptly enough, but they forget to send out the completed forms! When you e-file, you certainly won't be exposed to such possible errors.

Obviously, e-filing is a more convenient option. You can e-file any time you want, and you can even save the information and complete the e-filing at a later date. On top of that, processing of e-filed tax returns is extremely efficient. You may even be surprised to receive your tax returns in as little as seven to ten days after acceptance by IRS! The refunds will be made to you via direct deposits.

When you e-file, there are several payment options available. You can delay the actual payment by paying by Credit Card, or you can activate payment by phone or Internet. Transactions are 100% secure. When the transaction takes place, everything is duly recorded in your bank statements. You can always refer to your previous records if there is a need.

Finally, be sure to check out the supported forms at the e-filing website. Almost all the common forms are supported, and they include W2 Wages & Earnings, W-2G Gambling Winnings, 1099G Unemployment Compensation, 1099R, and many others.