Tools commonly used in the Tax Return Transmission-Electronic industry for day-to-day tasks and operations.

• Tax preparation software
• Electronic signature software
• Data encryption software
• Secure file transfer protocol (SFTP) software
• Electronic payment processing software
• Tax compliance software
• Cloud storage services
• Customer relationship management (CRM) software
• Document management software
• Electronic document signing software

Common products and services typical of NAICS Code 541213-02, illustrating the main business activities and contributions to the market.

• Electronic tax filing
• Online tax preparation
• E-filing services
• Electronic tax payment processing
• Electronic signature verification
• Digital tax return submission
• Online tax return transmission
• Electronic tax document management
• Secure electronic tax filing
• Electronic tax compliance services

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• IRS E-File Provider: This certification is required for tax professionals who want to electronically file tax returns with the IRS. It ensures that the provider has met the IRS standards for security, privacy, and accuracy. The certification is provided by the IRS.
• Electronic Return Originator (ERO): This certification is required for tax professionals who want to prepare and file tax returns electronically. It ensures that the ERO has met the IRS standards for security, privacy, and accuracy. The certification is provided by the IRS.
• Certified Acceptance Agent (CAA): This certification is required for individuals or organizations who want to help foreign individuals obtain an Individual Taxpayer Identification Number (ITIN) from the IRS. It ensures that the CAA has met the IRS standards for accuracy and completeness. The certification is provided by the IRS.
• National Association Of Enrolled Agents (NAEA) Membership: This membership is not a certification, but it is a professional association for tax professionals who have passed the IRS Special Enrollment Examination (SEE) and meet other requirements. It provides access to continuing education, networking opportunities, and advocacy. The membership is provided by the NAEA.
• Accredited Business Accountant (ABA) Certification: This certification is not specific to the tax return transmission-electronic industry, but it is relevant for tax professionals who want to provide accounting services to small businesses. It ensures that the accountant has met the ABA standards for knowledge and experience. The certification is provided by the Accreditation Council for Accountancy and Taxation (ACAT).

A concise historical narrative of NAICS Code 541213-02 covering global milestones and recent developments within the United States.

• The "Tax Return Transmission-Electronic" industry has its roots in the early 1980s when the Internal Revenue Service (IRS) began accepting electronic tax returns. In 1986, the IRS launched the Electronic Filing System (ELF), which allowed taxpayers to file their tax returns electronically. The industry grew rapidly in the 1990s with the introduction of tax preparation software such as TurboTax and TaxAct. In 1998, the IRS launched the Modernized e-File (MeF) system, which allowed tax professionals to file tax returns electronically. In recent years, the industry has seen significant growth due to the increasing popularity of online tax preparation services such as H&R Block and TaxSlayer. In the United States, the "Tax Return Transmission-Electronic" industry has experienced significant growth in recent years. According to the IRS, over 90% of individual tax returns were filed electronically in 2020. The COVID-19 pandemic has also accelerated the shift towards electronic tax filing, as many taxpayers were unable to visit tax preparation offices in person. The industry has also seen increased competition from new players such as Credit Karma Tax and FreeTaxUSA. Overall, the industry has experienced steady growth in recent years and is expected to continue to grow in the future.

The anticipated future trajectory of the NAICS 541213-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The future outlook for the Tax Return Transmission-Electronic industry in the USA is positive. The industry is expected to grow due to the increasing number of individuals and businesses filing their taxes electronically. The industry is also expected to benefit from the growing trend of automation and digitization in the tax preparation process. Additionally, the industry is expected to benefit from the increasing demand for cloud-based tax preparation software. However, the industry may face challenges due to the increasing competition from other electronic tax preparation services and the potential for regulatory changes. Overall, the industry is expected to experience steady growth in the coming years.

Recent groundbreaking advancements and milestones in the Tax Return Transmission-Electronic industry, reflecting notable innovations that have reshaped its landscape.

• Taxact Express: TaxAct Express is a mobile app that allows users to file their taxes electronically from their mobile devices. The app offers a simple and user-friendly interface, making it easy for users to file their taxes on the go.
• Turbotax Live: TurboTax Live is an online tax preparation service that offers live assistance from certified tax professionals. The service allows users to get real-time advice and support from tax experts, making the tax preparation process more efficient and accurate.
• H&R Block Tax Pro Go: H&R Block Tax Pro Go is an online tax preparation service that offers virtual tax preparation services from certified tax professionals. The service allows users to upload their tax documents and have their taxes prepared by a professional, without having to visit a physical location.
• Taxslayer Simply Free: TaxSlayer Simply Free is a free online tax preparation service that offers a simple and easy-to-use interface. The service allows users to file their taxes electronically for free, making it an affordable option for individuals and small businesses.
• IRS Free File: The IRS Free File program is a partnership between the IRS and several tax preparation companies that allows eligible taxpayers to file their taxes electronically for free. The program is designed to help lowand moderate-income taxpayers file their taxes more easily and accurately.