No... I'm not talking about hamburgers.
The IRS has now processed over one billion electronically filed tax returns.This number should grow by over 100 million per year. Approximately 80% of all tax returns are now processed electronically. It costs the government 20 times less to process an e-filed return than a paper filed return. This has saved the US taxpayers hundreds of millions of dollars.
In 2009 Congress had passed a law requiring paid tax preparers to use electronic filing. This year any tax preparer filing 100 or more tax returns was required to e-file. In 2012 any tax preparer filing 11 or more returns will be required to e-file.
I could go for a hamburger about now.......
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).