April 11

North Americans hate to pay taxes and more and more of us try to alleviate the nuisance by filing out income tax returns electronically.

Tax filing headaches include data loss; Photo by penywiseSubmitting tax returns electronically, or ‘e-filing’ is more popular every year. Submissions started setting records in 2008 surpassing 58 per cent of returns, and if traffic in the past year to the IRS website being up more that 7% is anything to go by, e-file submissions will continue to rise. More than 112 million returns came in via e-file in 2011 — that means American taxpayers filing electronically is at least as high as 77%!

In Canada, the Canadian Revenue Agency’s EFILE electronic system remains popular with electronic tax return submission rates down around 56% but rising.

As the deadlines to prepare and file income tax returns approach, you do not want to increase your stress with extra electronic headaches. First off, we’d like to remind you if you’re doing everything electronically via e-filing, you really should backup your computer.

If you happen to use a desktop tax preparation solution (like TurboTax, TaxCut, or QuickTax) the other major headache you might run into is losing a tax data file. Maybe something from last year went missing and your software can’t find a data file now. It’s not just your tax data that might suffer data loss — it could be electronic financial records you have been keeping as well. Accounting data, bank statements and invoices/receipts could all be part of your electronic files.

If you find yourself with a tax data headache, there is still time before deadlines to get CBL’s help. Evaluation is free and any recovered data can be back in your hands quickly via online transfer if things are cutting a bit close. Get in touch with a representative at CBL Data Recovery.

Category: data loss prevention, data recovery

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