Answer:
- Taxpayers can use a software program for assistance in entering the required information and the tax calculation.
- Taxpayers can avoid delayed returns and ensure quicker processing and faster refunds.
Step-by-step explanation:
E-filing is a shorter version of electronic tax filing. It is a method for filing tax returns via the internet. The taxpayer does not fill and submit any hard-copy forms.
In E-filling, the taxpayer fills the required information through the tax authority's website. They need internet connectivity and a computer to access the website or portal. The tax authority usually has customized programs that make e-filing easy.
E-filing is quick and convenient. It saves the taxpayer the trouble of delivering or sending tax documents to the tax authority's offices. Information submitted is captured and stored in the systems immediately. There are quick references, and records don't get lost, which makes refund processes faster.