the government shutdown could not have come at a worse moment for the internal revenue service.
the tax season will bring its annual avalanche of returns. the irs was already working with fewer agents than it had a few years ago, and now it’s even more shorthanded.
the new tax cuts and jobs act tax code is poorly understood by agents who need to be trained and taxpayers and tax preparers who need to be informed. even after the shutdown ends, the backlog will be overwhelming.
the biggest problem may be the uncertainties. we can think of at least 16: read more →
the internal revenue service is struggling to continue operations as the nation heads into tax season during the “appropriations lapse,” a.k.a the government shutdown.
some 16,000 irs employees are exempt from the shutdown, and another 30,000 are being called in to work without pay—a total of 57.4 percent of the 80,265 employed before the shutdown.
nevertheless, with four desks out of ten empty, the irs is holding back on most services that require human involvement.
tax practitioners would do well to advise their clients of the following:
blame the clients. by rick telberg 卡塔尔世界杯常规比赛时间 change and uncertainty are constants in the tax prep business, and this year’s busy season indicates no exception. this tended to be a good year, according to the annual 卡塔尔世界杯常规比赛时间 busy … continued
more work, more clients, more fees, more profits. so who’s complaining?
by rick telberg 卡塔尔世界杯常规比赛时间
despite beginning in chaos and uncertainty with the biggest tax-law change in three decades, busy season 2018 may go down as a banner year in the books for the tax profession – one of the best ever, according to the annual 卡塔尔世界杯常规比赛时间 busy season barometer.
scroggs
kathy j. scroggs, of scroggs & associates in montecito, calif., says, “my team is working like a well-tuned grand piano.”
almost half of all cpas report a busy season better than last year, with more work and higher profits. additionally, two-thirds cite gains in revenue and in the number of clients.
one tax practitioner, reporting a “much better year,” is riding a wave of shifting clientele. “i’m having more people coming in to prepare and use e-file, more than last year,” he tells 卡塔尔世界杯常规比赛时间, “especially new business owners opening llcs.”
as of april 6, the latest data available, the irs had received 103.8 million individual income tax returns, up 0.1 percent from the same period the previous year. it had processed 101.1 million of them, also up 0.1 percent. read more →
the irs had received 85.7 million individual income tax returns by the week ending march 23, the latest data available. that’s up 0.5 percent from the same period last year. read more →
how some savvy cpas turn confusion into new billings. join the survey, get the results by rick telberg 卡塔尔世界杯常规比赛时间 research the so-called tax cut and jobs act won’t officially take effect until next year, but professionals are already reporting … continued