Home Advertise Contact Blog Advertiser Login High-Yield Investments
Newsletter Signup

Business Opportunities
Change Your Life Get Into Business For Yourself Online Business Opportunities
Home-Based Business Opportunities
Licensee Opportunities
Low Cost Opportunities
Distributorship Opportunities
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Buy Business Opportunity Franchise - Owning a business is as popular as every in the U.S. Thousands buy a business or Business Opportunity or Franchise each year. Will you be one of them?

Buy Business Opportunity Franchise - Here is a look at who is currently buying new businesses, the hottest...

Expanding Opportunity Services - It has always been our mission to provide the best customer service possible and have recently added no cost training and coaching sessions for all active advertisers. Now, we are going a step further to address the one major problem faced by opportunity owners–lack...

Drone Technology - Don’t think drones and franchises and businesses opportunities have anything in common? Think again. Drone technology is transforming the way many industries tackle a wide range of everyday services.

Drone Technology - Here is a look at how drones are impacting the way businesses...
Business Opportunity for Sale

Sponsors

Get a piece of the BILLION DOLLAR APP INDUSTRY! LOCK IN A TOP POSITION. Click of Call Bill Toth Phone: (716) 345-1888
Need To Fill Positions Fastest Growing, All Inbound Call, Direct To Consumer Distribution Team In The USA! 217-718-4744
This Featured Article is live on our blog and I know could be very insightful for connectivity and ROI.
If you're a successful entrepreneur who provides others like you the chance to follow in your footsteps... Read On
Productivity Hacks will help you make more from less this 2016. Here at BusinessOpportunity.com we want to... Read On
Residual Income is the way that you work once and get paid multiple times—sounds great!... Read On
The internet loves obscure abbreviations. You can skip over most of them, but not CMS. What is CMS? read on...
Working-At-Home is easier said than done I know. Is this you though? Do you want the freedom of running... Read On
Home-Based Business ownership can be the most rewarding endeavor you will ever undertake. The new year... Read On
Flexible work schedule, no experience needed, and complete training and support available!
Be A Distributor
Work-at-Home
Small Business
Resource Center > Article
The Pros and Cons of E-Filing Your Taxes
Share this Article:

As a home-based or other small business opportunity or franchise owner, paying taxes is probably one of your least favorite and yet necessary tasks. The good news is that it’s never been easier to get the job done than it is today thanks to our computers.

The proof that we all agree is in the numbers. This past June marked a major milestone in the history of how Americans pay Uncle Sam. For the first time in history, according to the IRS, the number of tax returns filed electronically (or e-filed) hit one billion and counting.

In fact, more than 80% of tax filers are expected to take of advantage of the benefits of e-filing this year, and there’s little doubt as to why they would want to:

• Speed, convenience and accuracy―Filing your tax return electronically is quick, so if you’re one to procrastinate, having the option to take care of business virtually overnight is a real plus. And it’s convenient. As long as you can get to a computer, you can file your taxes in minutes. Many tax-filing software programs highlight mistakes so you can fix them or they even correct them for you. Furthermore, calculations made by these programs are oftentimes guaranteed to be accurate.

• Reduced risk of loss or tampering―One of the greatest concerns with using “snail mail” is that your return can get lost, and there’s really no easy way to confirm that the IRS received it at all, let alone on time. Not so when you file electronically. As for tampering, the likelihood of it happening also plummets when you e-file; however, security is a consideration for many. But more on that later.

• Refunds paid sooner―Filing electronically doesn’t just mean you can get your documentation out more quickly. It’s a two-way street in this regard. Your refund (should you qualify for one) will arrive much sooner than it would have filing the old-fashioned way, and you can even have it direct-deposited to your checking or savings account.

• Facilitates record-keeping―E-filing your taxes ensures you have a PDF file of your returns for your archives. When filing next year, your data will carry over to the current year’s forms.

Okay, so e-filing your taxes if you’re a small business or franchise owner sounds like a no-brainer, right? Sure, but there are some potential downsides, many of which can be mitigated by taking these simple steps:

• Guard your personal information closely―Scammers and hackers are all after the same thing― your identity. Unfortunately, these criminals often seem to be one step ahead when it comes to obtaining our all-too-personal information. Three key things to remember on this front: 1) Be careful that you don’t send sensitive information to your tax preparer or anyone else via e-mail. If you need to share your Social Security Number for instance, make a phone call; 2) Make sure your e-filed tax return is password-protected throughout the entire process; and 3) Be on guard against “phishermen.” The IRS will NEVER ask you for sensitive information via email!

• Secure your computer and its connection―Make sure you’re running the most current version of your security software before you e-file. File via a wired connection versus a wireless one if you can. If you can’t, check to see that your wireless network is locked and that you’re using a WPA2 connection.

• Beware of fake IRS websites―And there are a number of them, and they look really official too. You must look carefully at the URL of any site you visit when e-filing your taxes. Start with http://www.irs.gov/, and know that any subsequent pages you link to for e-filing should start with “https,” not just “http.” HTTPS stands for Hypertext Transfer Protocol Secure, which is a combination of Hypertext Transfer Protocol (HTTP) with SSL/TLS protocol and provides encrypted communication and secure identification of a network web server.

• Employ final safeguards―Make sure you transfer sensitive information from your hard drive to an external drive so you can store it safely and securely. Moreover, it might be a good idea to check your credit report two or three months after you e-file just to ensure nobody else is masquerading around pretending to be you.

These are some of the most important points you need to consider, positive and negative, before you decide to e-file your taxes this year or in the future. With the holidays upon us, the 2010 tax season deadline of April 17, 2012 is just around the corner, so you can’t start thinking about all of this too soon.

Live On Your Own Terms
Related Blog Posts

The Business Franchise Opportunity Sales Tips 7 Part Series was an idea launched by Keith Shaffer Director of Personal at TheLocalProject.net two weeks ago after a coaching session.  The credit goes to him for this...

Live On Your Own Terms

Getting More Out Of Life: Buying Getting More: How You Can Negotiate to Succeed in Work and Life was an easy choice. When you read that Google used it to train 30,000 employees, you gotta figure it’s got something going for it. I’m always on the lookout for helpful books and negotiation...

Live On Your Own Terms
12 Apr 16 Posted by: Todd Hatch
in Running Your Own Business

Money-Saving Tools that Entrepreneurs who are involved with business opportunities, franchises and work-at-home positions know how important it is to track money and manage money, which ultimately helps you save money.

The goal is to have more coming in than going out, but it can be difficult...
Live On Your Own Terms

Here is an overview of the differences between business opportunities and franchise, and how you can determine which is the one for you.

Business Opportunities vs. Franchises the age old question - which is best for you? Do you dream of running your own business opportunity? If so, what does...
Live On Your Own Terms
Self-employed people think of time is money and that knowledge is power. Those are two clichés that couldn’t be truer for every self-employed entrepreneur. That’s why they were early adopters of the smartphone and tablet. Self-employed people also love their apps. These digital tools on smartphones and...
Live On Your Own Terms
Featured Listings
Entrepreneur
Be Your Own Boss

The Billion Dollar Salesman -Serving the World for 28 Years! I’ve truly lived a blessed life and I have also been fortunate to have many mentors that provided me with guidance and motivation. As a result of learning how to do things the right way the companies that I’ve owned have generated just...

Read More

Opportunity Video Spotlight

United Games! The first and only business that will pay you 24/7 365 days a year when people are watching NFL, NBA baseball, soccer, cricket, rugby, hockey in fact any major sport anywhere in the world.

Premium Sponsor


Launch a local deals website and Loyalty program. Turn-key local deals website setup on your own domain! 100% your business. Keep 100% your sales. Work on your time! No Experience Needed.

Benefits of Launching a Perks Nearby Business Are As Follows:
  • Exclusive to your area and Deals website and app
  • Loyalty Program and Your own brand & logo
  • 100% your business, you keep 100% of the sales
  • Work on your time and Multiple revenue streams
  • Web & Mobile Deals
  • Loyalty Program and Social Deal Apps
  • Text Deals and Affiliate Deals
  • Innovative technology and Marketing support
  • Training and support
Perks Nearby provides a turn-key and loyalty program business that gives you everything you need to be successful in your community.