Answer:
Returns are processed quicker, so taxpayers receive tax refunds faster.
Taxpayers are more likely to avoid lost or delayed returns.
Explanation:
Tax returns can be defined as the documents that are filled by individuals that deducted the tax they are supposed to pay to their government from the income that they earn.
Tax returns can be filed in two ways.
a) The use of paper
b) Filing Electronically.
Filing of tax returns electronically also known as E- filing can be defined as the process whereby individuals file or fill there tax returns online using the internet whereby they input adequate and essential information required on the appropriate tax authority website e.g. The I.R.S. e.t.c.
The method of electronically filing of tax returns has very important benefits and they are:
a) Electronically filing saves time and energy by reducing the amount of paper documents personnels at tax agencies have to file manually as individuals can now input their information directly on the websites and it would be filed appropriately.
b) When taxes are filed electronically, tax returns are processed quicker, so taxpayers receive tax refunds faster.
c) Taxpayers are more likely to avoid
lost or delayed returns.
d) Electronic filing of taxes saves tax agencies money.
e) Electronic filing of taxes saves the energy and time of tax payers as electronic filing of taxes can be done from the comfort of your home.