/24-7PressRelease/ - SANTA ROSA, CA, October 31, 2005 - Based upon actual results, half (49%) of Taxhead.com customers completed their tax return in less than 30 minutes. Three-quarters (76%) of customers were able to complete and efile their taxes in under 60 minutes.
Data is based on an analysis of tax year 2004 customers who completed entering their tax information in a single sitting (84% of customers), and whose tax returns were accepted by the IRS on their first attempt (about 90% of customers). For more information please go to - http://www.Taxhead.com?page=speed
For comparison purposes, the IRS reports that the average completion time for tax form 1040 is over 13 hours, and over 10 hours for form 1040A. Online tax preparation together with e-file has proven itself to be a more accurate, less time-consuming method for preparing and filing income tax returns. IRS statistics show that in 2003, over 54 million tax returns were filed electronically (e-File) versus mailed paper forms. In 2004, for the first time, more than 50% of individual tax returns used efile.
Using online software, such as that offered by Taxhead.com, allows most people to complete their tax return in less than 30 minutes. And, according to the IRS, the error rate for e-file returns is only about 1%, as compared to more than 20% errors with paper returns.
Taxhead.com offers free online tax software for tax form 1040-A, which also covers tax form 1040-EZ filers. This tax software covers approximately 70% of all income tax returns in the United States. The company is an authorized IRS E-File Partner.
http://www.taxhead.com is an online income tax software and e-file service operated by Energy Matters LLC. The Company is an authorized IRS software developer, efile tax return provider, and IRS e-File Partner.
The Company creates secure, easy, accurate and low-cost ways for most individuals to prepare and efile their own "short form" (1040A, 1040EZ) income tax return. This covers about 70% of all tax returns in the United States.
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