The Rise of E-Filing
Each year, more and more taxpayers are choosing to e-file their tax returns. In the past decade, the number of individual tax returns filed electronically has increased by a whopping 145%. In fact, by 2005, the more than half of all U.S. taxpayers were e-filing; by 2010, this increased to 70%. Additionally, 35% of all taxpayers are e-filing on their own, a nearly 10% increase in self-prepared e-filers a year prior. With the recent trends towards an increasingly online world, where e- and m-commerce are giving traditional retail and businesses a run for their money, these phenomena should come as no surprise.
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