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Start Your Own
Business in the Income Tax Preparation and Electronic Filing
Industry
The
opportunity to start your own business and earn substantial
income in the tax industry has never been greater. Are you aware
that for the first time in the history of our country, more
taxpayers e-filed their tax returns in 2007 than filled them out
and mailed them in? That represented 80 million tax returns! The
following year, the number grew to over 90 million! The Internal
Revenue Service is currently operating under a mandate from
Congress to facilitate all tax returns to eventually be e-filed. The IRS
estimates that an additional 10 million new tax returns are filed
annually. When starting a business is evaluated in part based on
the principle of supply and demand, the income tax industry will
always provide a growth earning potential. There are several
significant reasons more and more taxpayers are choosing to
e-file:
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It is the fastest way to file your taxes.
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One out of every five tax returns completed and mailed to
the IRS is wrong. The error rate for e-filed tax returns is
less than one-half of a percent!
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You are 40 times more likely to be audited by the IRS when
mailing in your return than if you e-file.
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When you e-file your tax return, you have an acknowledgment
from the IRS that it has received your return. This is not
so when mailed.
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You typically get your refund in 4-10 weeks when you mail
your return to the IRS. With e-file services and products,
you can get a refund in 24-48 hours (some conditions
apply).
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Over 90,000 tax refund checks are returned undeliverable
each year to the IRS. E-file can eliminate this possibility.
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