What is the role of an Electronic Return Originator (ERO)?

The role of an Electronic Return Originator (ERO) encompasses multiple key functions in the electronic filing process. An ERO not only collects tax returns from taxpayers but also has the responsibility for preparing and submitting these returns electronically to the IRS or other tax authorities. This dual function is crucial for ensuring that tax returns are accurately filed in a timely manner.

By collecting and submitting returns, the ERO acts as a bridge between the taxpayer and the tax authority. This means that EROs must maintain a high level of accuracy and compliance with tax laws and electronic filing requirements. Additionally, EROs often help facilitate the process for taxpayers, ensuring that they understand their responsibilities and the necessary steps to file their taxes electronically.

The other options focus solely on one aspect of the ERO's role: preparing tax returns or submitting them. These don’t cover the complete responsibility that comes with being an ERO, which involves both collecting or preparing returns and submitting them. Therefore, the comprehensive description provided in the correct answer accurately reflects the full scope of an ERO's duties in the electronic filing landscape.