April 29, 2011 12:00 am

More than 100 Million Taxpayers File Electronically

Through the tax filing deadline of April 18, 2011, the IRS has reported that there were almost 101 million e-filed returns, representing an 8.8% increase from last year. This makes nearly one billion tax returns that have been filed electronically since the e-file program went national in 1990.

Taxpayers who have not yet filed their 2010 returns can still e-file through October 17, 2011. However, taxpayers who want to file amended returns for any tax year must submit them by paper; e-filing cannot be used for amended returns.

Source: IR-2011-46, April 18, 2011

advertisement
Tax Glossary

Withholding

An amount taken from income as a prepayment of an individual’s tax liability for the year. In the case of wages, the employer withholds part of every wage payment. Backup withholding from dividend or interest income is required if you do not provide the payer with a correct taxpayer identification number. Withholding on pensions and IRAs is automatic unless you elect to waive withholding.

More terms