In their haste, they don't double-check everything. You need to do that. |
It is done to steal financial information and to steal your identity or get hold of your finances. |
It's not unprecedented, but it's not common. I've been doing this job since 1997, and I'm not aware of a bonus being offered in this area. |
It's safe, easy, and accurate. The error rate of an e-filed return is less than 1 percent. The error rate of paper returns is 20 percent. |
Paper returns done by hand have an 80 percent accuracy rate, or 20 percent error rate. E-file has more than a 99 percent accuracy rate, because the computer does all the work for you. |
The number of extensions goes up every year. We expect more people to procrastinate. |
The penalty for failing to pay is much smaller than the penalty for failing to file. |
Virtually all these errors can be eliminated by electronic filing. |
We are pretty much a nation of procrastinators. We do expect more people to file extensions this year ... But it's not an extension to pay. Any amount paid late would be subject to late fees. |
You should not panic. If you are unable to file a timely or accurate return, then you need to file an extension. |