Preparing throughout the year for IRS online tax return filing deadlines can feel time consuming if you do not have the appropriate software to streamline certain tasks. Getting trustworthy e-file software will help to defray or eliminate the cost of expensive 1099 and W-2 forms and reduce the chance that you will order too many each tax season. Comprehensive tax return filing software will also help your returns get where they need to go on time and with total accuracy.
The error rate for e-filed returns is 1% compared to the 21% error rate for paper returns.
Advanced Micro Solutions’ 1099-etc E-Filer software saves users on time, materials, and the convenience of not needing to load special forms into a printer. Our E-Filer has customizable options that make your 1099 and W-2 processing fast, efficient, and more cost effective. The choices for individuals and small businesses are: E-File Direct (add-on) and E-File Services.
Best Practices For IRS Online Tax Return Filing
Taking a structured approach to tax season with comprehensive filing software can help make the process feel less overwhelming for first-time tax form filers. The following steps will simplify how you stay accurate and compliant with the necessary agencies.
- Gather your tax documents and information
Collecting all of your important documents well before your deadlines will help prevent a lot of headaches later. Spend less time worrying about missing forms or inaccurate entries. You will need to keep track of:
- Income documents (Forms W-2, 1099, 1098, etc.) from employers, banks, and/or relevant issuing agencies
- Social Security number(s)
- Bank account and routing numbers
- IRS letters about deductions or credits
- Health insurance documentation
Stay organized ahead of IRS online tax return filing to reduce the risk of missing deadlines or overlooking significant deductions and credits.
- Understand income requirements and reporting
Meticulous reporting through the use of an E-Filer will allow individuals and businesses to avoid notices or bills from the Internal Revenue Service. Thorough software will further make it easier to keep track of income from all sources, including part-time jobs and gig work.
- Know the deductions and credits
Individuals who are used to tax professionals taking care of their filings should take some time to review the common deductions. Looking at IRA contributions and Health Savings Account (HSA) contributions will give you clearer expectations. Research qualifying tax credits before conducting IRS online tax return filing.
- Choose how to file
The right tax preparation software looks different for everyone and may not be the option that you have used in the past. Some individuals and businesses prefer to utilize a tax preparer or third-party vendor. Getting an in-house system can guide users through the process and help identify any relevant deductions and credits for them.
Is Electronic Filing Software Worth It?
Filing tax forms electronically is easier and more accurate than when you file a paper return. Get rid of seemingly endless paper copies and the attributed costs of mailing submissions. A tax return program for IRS online tax return filing:
- Pinpoints the precise location of an error in a return
- Allows for quicker transmission processing
- Provides built-in accuracy checks to catch errors before a return is submitted
The short answer is, yes. It is generally worthwhile and more efficient to get electronic filing technology than to manually submit certain forms when you are allowed. Getting a software system that is right for you is the bigger variable that may change over time. Also note:
- The average error rate is greater than 25% for paper Form 990 returns.
E-Filing with AMS Software
Our E-Filer options meet the needs of individuals and small businesses without placing a significant strain on their budgets.
E-File Direct (add-on)
- A flat fee and unlimited number of form filings
- Produces W-2 and 1099 files for the IRS and SSA
- Lets users verify, view, and print files
E-File Services
- Files forms through a third-party vendor
- Different service levels are available
- Volume pricing (fee per form)
Getting the hang of IRS online tax return filing is easier with a free trial or demo of the program’s software. Download our free 1099-etc Demo software today and see how our E-Filer operates in conjunction with our base W-2/1099 Forms Filer system. Our full-accounting suite of tools offers five other optional add-on modules. The modules are: AMS Payroll, Software Generated Forms, Forms Filer Plus, 1042-S Filer, and an Affordable Care Act Filer.