Question

After preparing the tax return and collecting all required signatures, the tax return has to be filed with the IRS. How are the majority of tax returns submitted to the IRS?

a. Electronically.
b. By fax.
c. By mail.
d. Through wire transfer.

Answer 1

The majority of tax returns are submitted to the IRS electronically. Electronic filing is more efficient and convenient, allowing for faster processing of tax returns and issuance of refunds. Although paper filing through mail is also available, its use is diminishing in favor of electronic submissions. Therefore, the correct option is A.

Step-by-step explanation:

The majority of tax returns are submitted to the IRS electronically. Thanks to the advancements in digital filing systems and the existence of various online tax preparation services, filing tax returns electronically has become the preferred and most efficient method. The electronic filing system is not only more convenient for the taxpayers but also enables quicker processing and issuance of any applicable tax refunds.

All U.S. citizens and residents are required to file an income tax form each year, which includes forms such as the 1040EZ, a simplified version ideally suited for individuals with uncomplicated tax situations. This can be done prior to the yearly deadline, typically April 15th. By filing taxes, individuals contribute to government revenues that fund public services and infrastructure.

While electronic filing is most common, individuals can also file their tax returns via mail; however, this method has significantly declined in popularity. Fax and wire transfer are not standard methods of filing tax returns with the IRS.