America’s Internal Revenue Service (IRS) has revealed that 35.4 million Americans filed their federal income tax returns over the Internet in 2000 and figure is expected to rise to more than 40 million in 2001.
Many software and financial services companies have developed free or low cost packages enabling people to file their tax returns online and the IRS itself sponsors a free online filing service for low income families, non-English speakers and the elderly.
In addition to being more convenient, electronic returns are quicker and easier to process and have an error rate of just 1% compared to 16% for traditional returns.
