Electronic Filing

Here at Yellis & Foley, we use E-File for most of our clients' tax returns. We've found the service to be more efficient and less of a hassle, both for us and our clients. We still provide each client with a paper copy of their return--but they don't have to sign and mail anything to the IRS.


E-Filing Efficiencies

Tax returns prepared and filed electronically have less than a 1% error rate, compared to a 20% + error rate for mailed paper returns.

Tax refunds can be received in as little as 10 days when E-Filing and direct deposit are used.

When using E-File, taxpayers can still defer payment until April 15th, even if their return is processed well before the deadline.

The IRs has more E-File information.


Mandatory E-Filing?

The IRS is pushing for a new regulation on professional tax preparers. They want Congress to require all professional firms that file more than 100 returns to use electronic filing.