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Cloud Computing and Tax Filing

W-2IRS g Return4/18/11 deductions 1040EZ10992 How Cloud Computing Made Tax Time Less Taxing Paper refunds used to be delivered by the truck load and your check wouldn't show up in the mail until months later. With the advancements in server technology and cloud-based data storage, e-filing has gained traction saving Americans lots of money along the way. E-FILE RATES: ALL MAJOR TAX RETURNS This IRS long-term goal is somewhat broader and measures the percentage of all major tax returms filed electronically by individuals, busineses and tax exempt entities. PERCENT OF RETURNS FILED 100 90 TARGET VALUE 80% 70 59% 60 56% 49% 50 48% 45% 43% 39% 40 34% 31% 30 20 10 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 est. 2012 YEAR OF FILING Top 5 Federal E-filing States Florida 1,985,275 Ohio 1,336,864 California 2,622,479 Texas 2,538,851 Pennsylvania 1,323,915 BIG BENEFITS of E-filing On average, the IRS processes 1.5 million sheets per day, 10.6 million sheets per week, and 46 million sheets per month. Going completely paperless would save 5,520 trees per month.If every taxpayer e-filed, that would save another five billion sheets of paper or 600,024 trees. IRS PAPER FILING ERRORS 20% TIME COST $3.29 8 WEEKS 2% 8 DAYS 19ยข* E-FILING H DATA STORES BY AGENCY H Congressional Budget Office IRS Data Warehouse 100 TB Census Bureau 2.5 PB State Department 10 PB 5 TB TB = Terabyte PB = Petabyte THERE'S AN APP FOR THAT! Where's My Refund app reduces calls to the IRS call centers and is a first step toward the possibility of filing on your phone like many Scandinavian countries already do. rackspace. HOSTING *Aside from one time fees, tax agencies charge to procoss. SOURCES,1,id=188314,00.html online

Cloud Computing and Tax Filing

shared by Rackspace on Feb 23
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