tax season

tax season funnies: the poetic versions

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portrait of a young laughing businessman with tablet computer in officeplus a vision of hell.
as collected by robert e. mckenzie
the only effective way to eliminate tax loopholes is to eliminate politicians.
 

more: tax season funnies: a rabbi’s advice | the next political party symbol | gabriel and saint peter confer | a tax lawyer at the pearly gates | gargoyles in the irs? | the ‘service’ in irs
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“we have from time to time complained about the complexity of our revenue laws and the almost impossible challenge they present to taxpayers or their representatives … our complaints have obviously fallen upon deaf ears.” – arnold raum (former senior u.s. tax court judge)

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41 items to check on business tax returns

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woman's hand using a pencil on notepada handy reviewer’s checklist.

by ed mendlowitz
tax season opportunity guide

client ________________________ year _____

prepared by ___________________ date _____

more: 9 overlooked tax season resources | more services for your tax clients | can your reviewers answer these 10 questions? | 5 small leaks that can sink a tax season | 3 steps to tax season happiness
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notes: 1) the term “owners” will be used to refer to stockholders, partners or members, as the case may be. 2) even though “trial balance” is used in this checklist, you can use the company’s financial statements if those were what were used for the preparation of the tax return, or computer-generated statements.
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2020 tax season comes to a screeching halt

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^ week ending april 10, 2020

irs web traffic surges 22%.

how’s covid-19 impacting your firm?
join the survey. sound off. get answers.

by beth bellor

if you’re looking for bright spots as the united states deals with the global pandemic, avert your eyes from the irs.

more: the tax season 2020 dumpster fire | tax pros fall behind 6.2% in returns filed | tax pros trail by 908,000 returns
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although average refunds and website visits are up, everything else is down – in the case of e-filings by tax professionals, down 20.1 percent. yeowch.
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good preparer procedures will reduce review time

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green checks being made on checklistbonus: a 28-point checklist.

by ed mendlowitz
how to review tax returns: the field-tested update

the better the quality of the return that is submitted to the reviewer, the easier it will be for the reviewer allowing them to spend more time using their brain instead of their eyes.

more: why ‘tick and tie’ needs to die | use tax return prep for training and growth
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many procedures whose purpose is to reduce reviewer’s time will add to the preparer’s time and occasionally will add to the total time for the return. that is so and should be acceptable because there are more preparers than reviewers.
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the tax season 2020 dumpster fire

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coronavirus crushes tax prep.

how’s covid-19 impacting your busy season?
join the survey. sound off. get answers.

by beth bellor

slammed by the covid-19 crisis, tax season 2020 has gone off the rails.

tax return filing activity is trending down, and who can blame filers? with an automatic three-month extension, those who owe taxes have no incentive to file anytime soon. and practitioners are consumed with protecting their firms and rescuing their clients.

more: tax pros fall behind 6.2% in returns filed | tax pros trail by 908,000 returns | tax pro irs filings lag by 532,000 | tax pro e-filings lag by 512,000 returns | tax pros kick into high gear | slow start for tax pro e-filing | data points down as tax season opens | the fight for new tax clients
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that may be impacting numbers for e-filings by tax professionals, which are down in double digits. perhaps those whose dealings are complex enough to need assistance are seeking appointments in june now.
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