This is a guest post by Emily K. Pope. If you'd like to guest post on this blog, click here.
Last year, nearly 100 million taxpayers opted to file taxes online. This massive number will only increase as more Americans than ever become adept at using the Internet to make financial transactions.
The IRS boasts electronic filing as the “safest, fastest and easiest” way to submit your individual tax return. Filing online, also called E-filing, is certainly convenient, and the IRS has measures in place to safeguard its users. However, you can be sure that the swell of online activity and exchange of personal information during tax season means increased efforts of cyber scammers.
IRS Commissioner, Doug Shulman urges,
e-filing is safe, it’s easy and everyone should try it.
However, tax payers must understand the advantages and risks of filing taxes electronically. Due to IRS encouragement, e-filing has become more popular every year. Last tax season, 66 percent of all returns filed used an e-filing service.
Shulman goes on to say,
IRS e-file means faster refunds. It means the option to file now and pay later if you owe additional tax. It means peace of mind knowing the IRS received the return because we send an acknowledgement. Those are the reasons this has been a popular service.
Proponents of e-filing argue that the system provides improved accuracy, easy access, faster processing and streamlined record keeping. The IRS claims that taxpayers who file online have a reduced error rate: one percent compared to nearly 20 percent with a paper return, and assures that federal tax returns are delivered to the IRS through a “highly secure, encrypted transmission system. Just like paper returns, e-filed returns remain confidential.”
Despite the convenience of paying online, taxpayers must stay on the lookout for fraudulent correspondences posing as the IRS. Each year at tax season, scammers unleash online tricks related to fake audits, phony refunds, and supposed tax planning help. These criminals pray on your desire to file quickly, easily, and to get the biggest refund back.
Prevent cyber scams by following these simple tips:
Filing taxes online may be convenient, but with the increased activity of cyber scammers during tax season, users must be vigilant in protecting their online security. If you want to file taxes online you can find more information on the advantages and risks involved by visiting http://www.irs.gov.
This guest article was written by Emily K. Pope. Emily is a content strategist for Trust Essentials, a personal protection portal specializing in identity theft, financial and legal security. Visit trustessentials.com to learn more about how you can protect you and your family.
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