refunds rebound, up 1.3% from last year

blanton

but filing remains sluggish and tax pro market share loses 1.5 million filers.

busy season barometer
today’s bonus question: how to fix the irs?
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by beth bellor
卡塔尔世界杯常规比赛时间

four weeks into tax filing season, we’re seeing some positives.

more: tax refund fury roils busy season | tax pro efiling drops 12.5% after shutdown  | tax shops bulk up for big busy season | 16 big questions for tax season
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is it a misleading positive because we’re just now seeing refunds that include the eitc and child tax credit? mmm, maybe. but after a gloomy first few weeks, we might be willing to take whatever good news we can get.

“we’re definitely off to a slower start this year.,” cpa and financial planner brian blanton in carmel, ind., tells the 卡塔尔世界杯常规比赛时间 busy season barometer. “clients are behind in sending in tax information compared to last year.”
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irs in crisis: tax professionals bear the brunt

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america’s tax and accounting practitioners are suffering the brunt of the shortcomings at the irs. but the profession may have some of the solutions.

that’s why we’re asking in today’s bonus question:
how would you fix the irs?
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special to 卡塔尔世界杯常规比赛时间

national taxpayer advocate nina e. olson has issued to congress a scathing report on worsening dysfunction at the internal revenue service.

more on busy season 2019:  the tax season funnies: worst video game ever  |  taxpayer advocate slams congress over funding  |  busy season: fear, hope & frustration  |  alternative minimum tax: what’s it like today?  |  clients’ top worry: going broke  |  the latest rules on charitable donations  |  accountants worry for u.s. economytax shops bulk up for big busy season  |  busy season: the busiest ever?  |  free to pro members: busy season 2019 trend report

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the annual report to congress, mandated by law, presents a lurid indictment of an essential government agency that “is stretched to its breaking point.” read more →

1.6 million tax clients gone missing?

chart of tax filing data for the week ending feb. 8, 2019
^ tax filing data for the week ending feb. 8, 2019

opening days show accountants filed only 40% of irs intake. blame the shutdown.

by beth bellor
卡塔尔世界杯常规比赛时间

the irs might have rushed into action as soon as the government shutdown ended, but it still is feeling the effects as all filing statistics remain on the downside two weeks in.

more: busy season: accountants worry for u.s. economy | tax shops bulk up for big busy season | busy season: the busiest ever? | survey: tax season launches with a whimper | 16 big questions for tax season | survey: tax accountants alarmed by tcja & shutdown

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as of the week ending feb. 8 – the latest data available – the internal revenue service had received 28.8 million returns, down 6.9 percent from the same week in 2018. it had processed 27 million returns, down 10.2 percent, for a processing rate of 93.8 percent.

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