Monday, January 17, 2011

IRS Puts on Pressure for Everyone to E-File

IRS PUTS ON PRESSURE
FOR EVERYONE TO E-FILE

Starting Jan. 1, 2011, any tax preparer
who files 100 or more tax returns must
file their client' returns electronically. As
of 2012, the minimum number to require
e-filing drops to only 11!

What’s the problem with that?

There are a lot of advantages to the IRS
if you e-file, but I have not found even one
worthwhile advantage to YOU. In fact it
is far better to file an paper return!!!

Get free Special Report, “Why You May NOT
Want to E-File,” in the ‘Resource Center’ here.

But YOU Still are in Control – SO FAR!

You haven’t lost ALL of your rights – yet!

If the taxpayer/client (that’s you and me)
specifically requests to file a paper return,
your tax pro is allowed to prepare it in paper
format, BUT there are three minor hurdles…

1. Your tax pro must fill out a Form 8948,
“Preparer Explanation for Not Filing
Electronically,” and attach it to your tax
return. (No big deal.)

2. You must actually take your own tax
return to the Post Office or overnight
delivery service. Your tax pro is not
allowed to mail it for you. (Still no big deal.)

3. You’ll be required to sign a statement that
confirms this is your wish. It won’t be sent
with your return, but kept by your tax pro.
(You may be familiar with the term “CYA.”)
Another "no big deal."

Just speed-bumps, not hurdles, yet they are
there only so the IRS can make it inconvenient
to not e-file.

Big Brother continues to tighten his grip, so
grab onto and take advantage of those
home-business tax advantages. It is one
of the few rights we have to control the
amount of taxes you pay.

This tax tip is taken from Ron Meuller's "Tax Tips You Can Bank On".
You can subscribe free at Home Business Tax Savings.

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