April 15th Tax Filing Deadline Looms Large with 88 Million Returns Still to be Filed.Business Editors TRACY Tracy, city (1990 pop. 33,558), San Joaquin co., central Calif., in the San Joaquin valley; inc. 1910. It is a railroad junction in a cattle and dairying region. , Calif.--(BUSINESS WIRE)--March 14, 2003 TaxBrain(TM) Online Tax Center Eliminates Last Minute Panic; E-Filing Filing income tax and other governmental forms online. Most Mistake-Free Method. TaxBrain(TM) Online Tax Center, reminds taxpayers that April 15th is literally around the corner. While more than 40 million returns have been processed by the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. as of March 5th, some 88 million -- or two thirds of the taxpayers -- still have to meet the federal deadline. Leroy E. Petz, Sr., CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Petz Enterprises, producers of TaxBrain explained, "There are only two ways the taxpayer can be certain his return has made it in by the deadline. When mailed via the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Postal Service postal service, arrangements made by a government for the transmission of letters, packages, and periodicals, and for related services. Early courier systems for government use were organized in the Persian Empire under Cyrus, in the Roman Empire, and in medieval , it is considered 'received' when post marked at the Post Office. When filed electronically, it is considered 'received' at the moment it is sent. For the majority of filers, E-filing is simply the easiest, fastest and most accurate way to beat the April 15th deadline." The IRS recently reported that e-filings are up significantly from last year, with a total of 30,669,000 filed. Self-prepared returns filed electronically are up 30% from the same period in 2002, with 6,233,000 returns received by the IRS. TaxBrain, now in its third year of online tax preparation and filing, is posting record-setting numbers for filings, as taxpayers flock flock 1. a group of one species of animal or bird which eats or travels or is kept together, e.g. flock of sheep, of wild geese. 2. wool or cotton particles or debris used as stuffing or packing. to the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the to speed the tax filing process. TaxBrain's experts are also reporting very few errors by filers. "One of the biggest advantages of filing online," continued Petz, "is the immediate feedback from the IRS regarding errors on a return. With this system, the taxpayer is notified of any errors and can correct the errors before the return is finalized See finalization. ." As of March 14, more than 750,000 taxpayers have visited the TaxBrain Online Tax Center, and completed filings have grown more than 600% over the same period last year. Mr. Petz added, "The benefit to the IRS and the taxpaying public is clear - doing taxes online saves money. At TaxBrain, the cost for preparing and filing Federal and state returns and averages $40; online tax preparation is far less expensive than hiring a professional. As an added benefit, online preparation eliminates the time and complexity of buying, installing, updating and removing tax software - effort that doesn't add any value to the process." Based on user feedback, we estimate that our clients are saving more than $200 in time and professional fees doing their returns online." In a recent article, Kiplinger's Personal Finance Kiplinger's Personal Finance (KIP-lin-jerz) is a magazine that has been continuously published, on a monthly basis, from 1947 to the present day. It was the nation's first personal finance magazine, and prides itself on delivering "sound, unbiased advice in clear, magazine said, "To avoid simple errors, consider e-filing. IRS computers can instantly catch many mistakes. The error rate for paper returns hovers around 20%, while it's only 1% for electronic returns." At TaxBrain, the online tax system is powered by the very same tax engine that is used by Petz's professional clients. Add to that the explosion in online resources to aid in the process, and the outcome for the taxpayer is, in many cases, equal to professional preparation. A Sample of What TaxBrain Users are Saying "All my life, I have completed the written tax forms and sent them in. Everyone for the past 2 or 3 years has asked me why I don't file on-line and I always shrugged it off not trusting something not written with a signature and not knowing how I could send in my tax forms. Well, everything was so easy I then decided instead of mailing in my forms, I would go ahead and use your electronic filing. Piece of cake. Just push the button. Today, less than 48 hours since I did so, I have received confirmation from you that IRS has received it and I should have my refund TO REFUND. To pay back by the party who has received it, to the party who has paid it, money which ought not to have been paid. 2. On a deficiency of assets, executors and administrators cum testamento annexo, are entitled to have refunded to them legacies soon. Thank you very much for an excellent, swift service. Please feel free to use this message any way you wish. You have earned the right. Sincerely, Bill T." "Congratulations to the developers and web gurus at TaxBrain! Great job! The forms/worksheets were easy to complete. Toni C." "Just wanted to say thank you. I first tried H & R and their system and the IRS didn't get along so I kept getting rejected, so I went to your site and tried it out. Got accepted on the first try and received my money w/in 3 days. Awesome service and I've been telling all my friends about you. Just thought you would like to know about a happy customer. Thanks again, Donna" About TaxBrain(TM) TaxBrain is a full service online tax center providing tax advice, tools, and resources all year to help taxpayers manage their tax burden with greater confidence and ease. TaxBrain is the only web-based tax solution that delivers online preparation, filing, professional assistance and representation for taxpayers in all 50 states. Launched in 2000, TaxBrain delivers the vision of a fully integrated tax center that accommodates the schedule and needs of the busy American lifestyle. In 2002, TaxBrain emerged as one of the most popular services for online tax preparation and filing available on the web. For more information, visit www.taxbrain.com. About Petz Enterprises, Inc. Petz Enterprises, Inc. (a closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). corporation, PEI) is a leading provider of tax preparation and filing solutions for the professional and consumer markets helping to automate To turn a set of manual steps into an operation that goes by itself. See automation. and simplify federal, state and local tax compliance. PEI's CrossLink(TM) line of professional tax software products enable tax practitioners and service bureaus to accurately prepare and file large volumes of individual tax returns. Founded in 1974, and based in Tracy, California, PEI is dedicated to serving the needs of professional tax practitioners and individual taxpayers nationwide. For more information, visit www.petzent.com. |
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