Many people have already taken advantage of online tax filing. Over 98.5 million income tax returns were filed electronically in 2010 If you haven't tried it yet, however, you may have several questions: "How do I file online?", "What tax forms are supported?", and "What about my adjustments?" These are all valid concerns, and this article will answer those and hopefully give you the peace of mind to try filing your taxes online today with a company like Online Tax Pros.

As with anything online, you have to first create an account and provide the requested information to complete said account. Upon completion of all the questions regarding yourself, your spouse and your dependents if applicable. Next, you'll need to fill out the appropriate forms in the income, adjustments and credit sections of your Federal information. When your bank information is entered, you have finalized your Federal return and are ready to print your return. Choose your payment option from the shopping cart then you only need to submit your return to have it sent to the Internal Revenue Service. The great news with online tax filing is within 24-48 hours you can check the status of your filing in real time. This all, however, doesn't have to be done all at once. You can come back at any time by entering your user name and password to log back in to your account you created.

The majority of tax forms are supported by online tax software like Online Tax Pros. Included are a standard 1040(ez and a filers) schedule A, B, C, D, E, EIC, F, L, M, R, and SE.

They also support these forms:

982-Reduction of Tax Attributes Due to Discharge of Indebtedness

1310- Statement of Person Claiming Refund Due a Deceased Taxpayer

2106- Employee Business Expenses

2441- Child and Dependent Care Credit

3800- General Business Credit

3903- Moving Expenses

4137- Social Security and Medicare Tax on Unreported Tip Income

4562- Depreciation and Amortization

4684-Casualties and Thefts

4868- Application for Automatic Extension of Time to File

5329- Additional Taxes on Qualified Plans

5405- First-Time Homebuyer Credit

5695- Residential Energy Credit

6251- Alternative Minimum Tax

8283- Noncash Charitable Contribution

8606- Nondeductible IRAs

8812- Additional Child Tax Credit

8829- Expenses for Business Use of Your Home

8862- Information to Claim Earned Income Credit after Disallowance

8863- Eduction Credits

8880- Credit for Qualified Retirement Savings Contributions

8888- Direct Deposit of Refund to More Than One Account

8889- Health Savings Accounts(HSAs)

8917- Tuition and Fees Deductions

8941- Credit for Small Employer Health Insurance Premiums

They also support these types of income(but are not limited to):

W-2(and G), 1099 B, C, DIV, G, INT, MISC, OID, PATR, R, SSA1099, RRB 1099, unreported tips, Schedule B- Interest and Ordinary Dividends, Schedule C-Business income/loss, Schedule D-Capital Gains and Losses, Schedule E-Supplemental income/loss, and Schedule F-Farm income/loss.

As far as adjustments go, these are supported by online tax programs like Online Tax Pros:

Educator expenses

Certain business expenses of reservists

performing artists

and free-basis government officials

expenses for moving

Health Savings Accounts

Self-employment tax deductions

Self-employed, SEP, SIMPLE, and qualified plans

Self-employed health insurance deductions

Penalty on early withdrawal of savings deduction

Alimony paid

IRA deductions

Student loan interest deductions

Tuition and fees deduction

Hopefully this will give you insight on how easy and effective it is to file your taxes online. The popularity is rising for a reason, and you should take advantage of the benefits this tax season. Always use an authorized I.R.S. E-File tax software like Online Tax Pros. We look forward to seeing you save and get a great return this year.