Washington (Nov. 22, 2002) -- Tax professionals who would like to e-file tax returns for their clients during 2003 should file their applications soon, says the Internal Revenue Service. The form must be submitted by those new to the e-file program and by those who need to update prior applications."Tax professionals know that their clients want e-file because it’s fast, error free, and provides proof that the IRS has received it." said Terry Lutes, Director, Electronic Tax Administration. "This filing season, more than 99 percent of the forms and schedules related to Form 1040 can be filed electronically."

Tax professionals should submit Form 8633, "Application to Participate in the IRS e-file Program," by December 2 if they want to provide e-file services on the first day of the e-filing season - January 10. Although the IRS will accept applications until May 31, the sooner tax professionals apply, the sooner they can offer e-file to their customers.

The e-file program has grown exponentially since it began as a pilot in 1986 when fewer than 25,000 returns were filed electronically. This year, almost 47 million tax returns were filed electronically - an increase of more than 16 percent over last year. Of that 47 million, more than 33 million were filed through tax professionals.

-- Electronic Accountant Newswire staff

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access