What is Electronic Filing?
Electronic filing, or e-File, is the online tax return filing system developed by the Internal Revenue Service (IRS)
How Does Electronic Filing Work?
Individual taxpayers, businesses, large and mid-sized corporations, and non-profits can file their required tax returns, including quarterly filings, directly online with the IRS through its automated e-File system.
The e-File system allows taxpayers to make payments from a credit or debit card, or through the U.S. Treasury's Electronic Federal Tax Payment System (EFTPS).
Why Does Electronic Filing Matter?
Electronic filing allows for faster tax return filing, review, payment processing and refunds. Overall, the e-File system is a lower-cost alternative compared with paper form mailings, processing, and check mailings, saving money and time for both the IRS and the taxpayer.
- Create a retirement savings goal
- Design an investment plan to reach it.
- Get a professional money manager to continually monitor and rebalance your portfolio
Sound complicated? Don't stress. Vanguard's new robo advisor service can help you put all of this (and more!) on autopilot, all for an annual gross advisory fee of just 0.20%.
Click here to learn more about Vanguard's new Digital Advisor service.
