E-file is an IRS program that makes it easy to file your tax return electronically, eliminating the need for paper forms and bypassing the mail service entirely. The system is widely available at every Liberty Tax franchise and the locations of most other major tax services companies. But what is it? How does it work? And most importantly for many of our customers, how does it keep information safe?
Secure Channels, Fast Transmission
When your information is sent to the government, Liberty Tax isn’t emailing it. Email usually travels through unsecured channels, unencrypted, leading to a host of potential problems. Information on the internet becomes much safer when it is subjected to a fair amount of encryption. All IRS data communications are encrypted in this way, which means they are all considered generally safe. Your information will be protected from interception en route to its final destination.
Get Your Refund Faster
The biggest advantage of choosing to e-file is the ability to get your refund a lot faster. When you have a Liberty Tax franchise mail your return, you’re not likely to get any money you are owed sooner than about two weeks. Often that time frame is even longer. The reason for this is simple: you have to wait for the mail service to process and deliver it, and then from there you’ll need to wait for the IRS to clear it and then for the check to be mailed back to you.
The combination of e-file and direct deposit is a powerful one. E-file allows Liberty Tax to send in your return immediately, where it will be processed in a matter of days. You can expect your return in just a few days more – much faster than the several weeks previously required for the process.
Most importantly, everything stays safe throughout. The risk of a data breach is very rare. Provided you follow the proper internet safety plans and protocols on your end, you’re almost guaranteed not to experience any major issues.