Electronic Filing of Taxes

Paper Summary:

This paper analyzes and examines the various issues involved with the electronic filing of taxes. It discusses updated statistics regarding how many taxpayers e-file each year and provides a breakdown of the types of taxpayers who file. The process to safeguard information sent via e-filing is examined and the Internal Revenue Service's mission regarding e-filing is outlined. Requirements to e-file a return for various taxpayers and tax preparers are summarized and a detailed description of the various ways to e-file and the software used are explained. This paper concludes with recommendations for improving e-filing..

From the Paper:

"The problem with security over the Internet in relation to the e-filing of tax returns is that taxpayers could suffer not only a loss of privacy but also financial losses if their data were used for crimes such as identity theft. In 1996, the agency had to scrap ambitious plans for an over-the-Internet filing system known as Cyberfile, in part because of security concerns. A recent report by the General Accounting Office indicated that investigators were able to access a key electronic filing system using a common hand-held computer."

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