Electronic Filing
Up until my last knowledge update in September 2021, the IRS (Internal Revenue Service) has been promoting electronic filing of tax returns as an encouragement for taxpayers, including those who provide contractual services.
However, whether it required for contractual service providers specifically can depend on certain factors, such as the amount of income they earn and their business structure.
At that time, the IRS required electronic filing for those who meet certain criteria, such as having an adjusted gross income (AGI) above a certain threshold. If your AGI exceeds the threshold, you would generally be requir to file your tax return electronically using IRS e-file.
Keep in mind that tax regulations and requirements can change, so I recommend checking the IRS website or consulting with a tax professional to get the most up-to-date information on whether contractual service providers are requir to file their income tax returns electronically.
To visit: https://www.mca.gov.in/
For further details access our website: https://vibrantfinserv.com
