tax season 2019 serves up a taste of the future

“thirty percent of tax services will be obsolete in three years.”

robert hockensmith talks about tax season 2019 on local tv news in phoenix.

by 卡塔尔世界杯常规比赛时间 research

this year’s tax season is giving tax preparers a taste of the future—a future where tax returns are both simpler and more complex.

according to data streaming into the 卡塔尔世界杯常规比赛时间 busy season barometer survey, tax practitioners are just beginning to get a handle on the radical changes wrought by the tax cuts and jobs act—not just the technical changes to the tax code but the resulting changes to the business of tax preparation.

more: the biggest reason fraudsters run rings around the irs  | the big free-file flop | the demise of schedule a? | refunds still up, but only by 0.7% | survey: busy season goes sour | tax refunds up 1.7% | lessons learned: how the federal shutdown hit busy season 2019 | tax refund fury roils busy season | taxpayer advocate slams congress over funding

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

robert f. hockensmith, cpa, ea, in phoenix, ariz., and a website site notably named azmoneyguy.com, offers a variety of tax and non-tax services, sums it up thus: “thirty percent of tax preparation will be obsolete in three years. clients will want advice and tax resolution more than preparation for 50 percent of taxpayers. and only 50 percent of all tax returns will be prepared by professional tax preparers.”

read more →

the biggest reason fraudsters run rings around the irs

irs chases the wrong returns, delaying refunds, wasting resources.

by 卡塔尔世界杯常规比赛时间

let’s have a pity party! you’re invited.

let’s pity the internal revenue service for having to identify fraudulent tax returns and taxpayer identities.

more: the big free-file flop | the demise of schedule a? | refunds still up, but only by 0.7% | survey: busy season goes sour | tax refunds up 1.7% | lessons learned: how the federal shutdown hit busy season 2019 | tax refund fury roils busy season | taxpayer advocate slams congress over funding

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

let’s pity the taxpayer whose tax return gets flagged as fraudulent—or her stolen identity that doesn’t.

and let’s pity the tax preparer stuck between the legitimate taxpayer and the fumbling, under-funded, well-intentioned bureaucracy of the irs. read more →

the irs free-file flop

percentage of free file users by income demographics

fix it, or lose it.

by 卡塔尔世界杯常规比赛时间

can you believe that 70 percent of all u.s. taxpayers could be using free file, yet only 2.5 percent actually are? did we mention “free?”

more busy season: protect your clients’ assets  |  the demise of schedule a?   |  tammy’s tale of tax season tardiness   |  how effective project management makes your life easier   |  survey: busy season goes sour   |  when clients cash out: four smart financial moves   |  lessons learned: how the federal shutdown hit busy season 2019   |  the irs mess: taxpayer’s roadmap is a plumber’s nightmare  |  fixing the irs: tax professionals speak out   |  tax refund fury roils busy season

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the reasons are mostly a mystery, but we found five major problems and seven ways to improve the program. if all else fails, even it’s backers agree: give up.

read more →

the demise of schedule a?

join the survey. get the results.

“if you charge by the form, schedule a’s are almost obsolete.”

by 卡塔尔世界杯常规比赛时间 research

with the countdown clock running down toward april 15, many tax professionals’ early-season optimism is turning into frustration and anger, according to the 卡塔尔世界杯常规比赛时间 busy season barometer.

the latest readings from the tracking poll show:

  • only half as many professionals now predict “significant increases” in the number of clients, and who now expect a “significant decrease” has almost doubled.
  • the number of practitioners forecasting revenue gains has been cut in half.
  • the number expecting better profits than last year has been cut by a third.

what’s happening?

read more →

survey: busy season goes sour

february confidence melts under the harsh realities of march.

february’s 36% positive ratings slide to only 30% in march, as negative ratings climb from 32% in february to 49% in march, even as the number expecting the same results as last year declined from 32% to 21% from one month to the next.

by 卡塔尔世界杯常规比赛时间 research

join the survey. get the results.

remember those heady, sunny, optimistic days of january? despite the government shutdown, cpas and tax practitioners—more than a third of them, anyway—foresaw a productive and profitable busy season. they saw a swelling clientele and revenues to follow suit.

more on busy season: tax refunds up 1.7%|   lessons learned: how the federal shutdown hit busy season 2019 | lessons learned: how the federal shutdown hit busy season 2019 | refunds rebound, up 1.3% from last year | tax refund fury roils busy season | tax pro efiling drops 12.5% after shutdown

but then, apparently, something happened. the tides turned. the season soured. suddenly, as february turns to march, the responses to the 卡塔尔世界杯常规比赛时间 busy season barometer readings are tipping into pessimism. join the survey. get the results. read more →