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Q: List one benefit and one disadvantage of filing your taxes electronically.
A: I do both, so doing them on-line is a way of double checking that my figures and calculations are correct. I do the pdf fill out forms and then do them on-line. [ If something does not match, I figure out where I what I did wrong. If I am due a refund, I e-file early to I get my refund quickly. If I owe, I put it off until April. It could be free, but I pay $9.95 for them retain details about
my employer and other sources of income or deductions until the following year, so I do not have to fill in that info again. It also keeps track of my cost basis for a non-deductible IRA contribution, for doing IRA to Roth IRA conversions (Form 8606). So for me the benefits of e-filing are double checking everything, quicker refund (if I get one), and ease of doing taxes next year. ]
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Original conversation
User: List one benefit and one disadvantage of filing your taxes electronically.

Weegy: I do both, so doing them on-line is a way of double checking that my figures and calculations are correct. I do the pdf fill out forms and then do them on-line. [ If something does not match, I figure out where I what I did wrong. If I am due a refund, I e-file early to I get my refund quickly. If I owe, I put it off until April. It could be free, but I pay $9.95 for them retain details about my employer and other sources of income or deductions until the following year, so I do not have to fill in that info again. It also keeps track of my cost basis for a non-deductible IRA contribution, for doing IRA to Roth IRA conversions (Form 8606). So for me the benefits of e-filing are double checking everything, quicker refund (if I get one), and ease of doing taxes next year. ]
Whosaidwhat|Points 152|

User: List one disadvantage of filing your taxes electronically.

Weegy: Pros: *Faster refund: Refund processing time may take as little as 2 weeks *Efficient: Recording and transmitting of tax information is faster *Less paperwork: Paper tax forms such as form 1040 do not need to be mailed *Digital copy: Digital copies [ can be stored on a computer or disk *No mailing costs: Transmitting of data itself is included in the service *Can transfer federal information on to State tax application *Math check and guided completion aids in tax filing accuracy *Reduces need for expensive "anticipated refund loans" *Online payment of taxes via multiple methods ]
monsterific|Points 135|

User: cons: of filing your taxes electronically

Weegy: One benefit of filing your taxes electronically is that you recieve your refund faster than you would if you filed them by mail. [ By mainl, your refund can take up to six weeks to get to you in the mail, but filing electronically you can recieve your refund in ten days by mail and 7 days if you have your refund direct deposited. ]
workaholicmom|Points 4494|

User: disadvantage of filing your taxes electronically

Weegy: Pros: *Faster refund: Refund processing time may take as little as 2 weeks *Efficient: Recording and transmitting of tax information is faster *Less paperwork: Paper tax forms such as form 1040 do not need to be mailed *Digital copy: Digital copies [ can be stored on a computer or disk *No mailing costs: Transmitting of data itself is included in the service *Can transfer federal information on to State tax application *Math check and guided completion aids in tax filing accuracy *Reduces need for expensive "anticipated refund loans" *Online payment of taxes via multiple methods ]
monsterific|Points 135|

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Asked 4/6/2011 5:26:09 PM
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