What's the e-file? (Jan-9-2011, 99 days)

This year the IRS urges taxpayers to use e-file instead of paper works to ensure accurate tax returns and faster refund.

Here is the IRS e-file Options for several categories of taxpayers:

	e-file	Platform
Individual Taxpayers	Individual Income Tax is encouraged to be e-filed	Free File Alliance companies accessed through IRS.gov Who are eligible taxpayers? Adjust Gross Income <=58,000. File fillable forms: You can choose self-prepare and fill out the blank Forms 1040, 1040 A and 1040 EZ Modernized e-File (MeF) Forms through e-file Providers Forms 1040 and 21 1040 related forms and schedules
Business and Self-Employed Taxpayers, Corporations	E-file options include employment taxes, information returns, partnerships, corporations, and estates & trusts. Certain large and mid-size corporations are required to electronically file their forms 1120 and 1120-S Partnerships with more than 100 partners (Schedules K-1) are required to file their return using the MeF Platform	Employment Tax e-file system through e-file Providers Forms 940, 941 and 944 Estates & trusts Forms 1041 e-file Program Modernized e-File (MeF) through e-file Providers and Large Taxpayers Corporations - Forms 1120, 1120-F, and 1120S Partnerships - Forms 1065 and 1065-B
Excise Tax	Legislation now requires filers of certain Excise Forms to file their returns electronically.	Modernized e-File (MeF) Forms 2290, 720 and 8849 (Schedules 1, 2, 3, 5, 6 and 8)
Exempt Organizations	Large tax-exempt organizations are required to e-file their returns.	Modernized e-File (MeF) Forms 1120-POL, 990, 990-EZ, 990-N (e-Postcard), and 990-PF
Extensions		Modernized e-File (MeF) Forms 4868, 7004 and 8868

Most of time, You need a e-file provider to help you do the tax filing. So don't hesitate to find a e-file provider closed to you and start your actions now.

PSQ

Source: http://www.irs.gov