When taxes were introduced, paper filing was the only method that was followed and implied. And with time, the technology made its way clear through our doors and today, we are juggling between pre filing and efiling of form 2290.
Well, pre filing seems to be the better option because- there are two valid reasons.
One- You can efile your tax return before the actual date, and receive your schedule 1 copy by July 1.
Two- You don’t have to pay anything extra, not a penny more than the efiling service fee.
Efiling can be said it is an art, or say it is tailor made option that can simply the workload and allow you to file with utmost ease. It is no rocket science; however, with the growing time, online filing is becoming a preferred choice for filing tax returns. However, IRS has made efiling mandatory if you have to report more than 25 vehicles. Also, you would need an EIN (Employee Identification Number) to file your return. Continue reading