IRS e-filing gives taxpayers the option to file their taxes online using prepared software approved by the IRS, download filing forms for free off of the IRS’s website, or find and work with a tax filing professional that has been authorized by the IRS. This is somewhat like websites that help individuals and businesses file their taxes online, except you are working directly with the IRS.

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E-File Providers

If you are part of a business or are self-employed, you will want to sign up to be an authorized e-file provider. This means that you, along with anyone else you might have worked with in the most recent taxable year, will be able to file your taxes in one place. This makes the process really simple when it is time for you to gather all of the information needed to report your taxes to the IRS. You will have all of your clients and employees’ personal and income information all in one place, which will make it so much easier for you to review and send out.

Depending on your business structure, you will be able to choose the best software for you and your company. You will then be able to file your taxes online and gather all information needed from clients or employees to turn into the IRS. Working with an e-filing service will also make sure that there are no mistakes so that you can receive a better tax refund.

Easy Navigation

Whether you are self-employed, part of a partnership or corporation, a charity or a non-profit organization, or want to become an authorized e-file provider, the IRS’s website makes it easy to navigate through these options. For each area of business, you will be able to see all forms involved in that business entity, as well as FAQs, contact information, and the ability to see the status of your e-filing.

The IRS is very forgiving for first-timers, which means that if you are unsure of where to start, they will be able to help you with explanations of the process and information regarding certain business structures. The IRS also offers taxpayers the opportunity to free tax preparation help. If you decide to file your taxes on paper, the IRS offers free filing papers for you to print out so that you can do them in the comfort of your own home instead of online.

Impacts on Taxes

Just because you know which business model you follow and how many forms you are expecting from your employees does not mean you are overlooking something. There are many different life events that can affect how you file your taxes, which are all outlined on the IRS website.

These events can include dependents, spouses, divorce, your health, losing your job or getting a new one, casualties, disabilities, and more. Before filing your taxes, think about if any of these life events pertain to you. If so, you will need to read the guidelines on how to file to account for these things. This can make the process overwhelming, which is why the IRS has also included links for assistance.

E-filing with the IRS can be a good idea, especially if you are looking for an in-depth, yet simple way to file taxes. Once you get the hang of it, you can become an e-file provider and work with another filing site like wagefiling, which is dedicated to helping individuals and businesses file easily.