It is clear that e-filing tax returns and receiving refunds via direct deposit is the way of the future for taxpayers and tax pros alike.
Delray Beach, FL (PRWEB) March 06, 2015
In contrast to last year's delayed tax season beginning at the end of January, this years January 20th start has seen an increase in e-files and refunds over 2014 numbers. The IRS has received more than 14 million tax returns as of January 31st, and more than 13 million of those returns were filed electronically. This is a testament to the success and efficiency of the e-filing process. On February 6th IRS Commissioner John Koskinen affirmed their commitment to this process: “We encourage taxpayers to e-file their returns since it is the quickest, safest and most accurate way to file and the fastest way to get a refund.”
Tax professionals should also be aware of the increase in the use of the IRS' direct deposit option for taxpayer refunds. To date the IRS has issued 7.6 million refunds worth $26.8 billion with the average refund worth $3,539 during the 2015 tax season. 7.3 million of these refunds worth $26.2 billion have been directly deposited to taxpayer accounts. Jody Dovich at Sigma Tax Pro confirms that these new options are here to stay, "It is clear that e-filing tax returns and receiving refunds via direct deposit is the way of the future for taxpayers and tax pros alike."
Sigma Tax Pro provides a full range of essential services for tax pros. This includes industry leading software solutions as well as technical support, tax preparation support and client retention strategies. Sigma Tax Pro specializes in helping tax preparation firms expand their businesses, open new offices and increase their client base. Sigma also offers its audit assistance product to protect tax pros and taxpayers in the event of an IRS audit.