a lot of the backlog at the internal revenue service is because of simple errors that compound their own complications. arithmetic boo-boos too easily snowball into backlogs, bankruptcies and court cases.
funded with $80 billion in new appropriations, the irs has laid out detailed plans for overhauling the service with better customer service, more online options and a modernized information technology system.
it’s an ambitious – and necessary and long overdue – plan. can the irs pull it off?
we’ll know they can do it if they manage to hit the milestones they’ve set for the next few years. if they do, the united states may be on the road to a just and user-friendly system of tax collection. read more →
the inflation reduction act, which increases the irs budget by $80 billion over the next 10 years, has already allowed the irs to write a new strategic operating plan for the years 2023-2031.
most impressive, and curious, is the radical rise in numbers of clients. for 22 percent of respondents, clientele has expanded by more than 10 percent. another 43 percent have seen increases of 5 to 10 percent. only 13 percent have seen any significant decrease. read more →
sad news for all you enrolled agents, enrolled actuaries, attorneys, cpas and other trained, competent tax preparers: you wasted your time and money on education. it turns out incompetence isn’t illegal. there are no standards, no mandatory credentials. anyone can claim to be a tax preparer.
most early fears were unfounded. but not all of them.
by 卡塔尔世界杯常规比赛时间 research
the 2023 卡塔尔世界杯常规比赛时间 busy barometer has detected a clear sign that this year’s tax season is working out better than expected … or should we say better than feared?
comparing the barometer’s early results with those near the end of the season, we see that the fears of many practitioners were unwarranted. the fears of february are quite different from the experiences of march. read more →
according to the late-march stats of the 卡塔尔世界杯常规比赛时间 busy season barometer, with data streaming in from over 500 practitioners across the country, a heady 18 percent say this year is much better than last year, and another 41 percent acknowledge that this year is at least somewhat better. read more →
the irs has revealed its strategic operating plan for fy2023-2031, the period when the service will expend the $80 billion infusion granted by the inflation reduction act.
district attorney bragg announces 34-count felony indictment of former president donald j. trump
the charges contained in the indictment are merely allegations, and the defendant is presumed innocent unless and until proven guilty. all factual recitations are derived from documents filed in court and statements made on the record in court.
manhattan district attorney alvin l. bragg, jr. today announced the indictment of donald j. trump, 76, for falsifying new york business records in order to conceal damaging information and unlawful activity from american voters before and after the 2016 election. during the election, trump and others employed a “catch and kill” scheme to identify, purchase, and bury negative information about him and boost his electoral prospects. trump then went to great lengths to hide this conduct, causing dozens of false entries in business records to conceal criminal activity, including attempts to violate state and federal election laws.
trump is charged in a new york state supreme court indictment with 34 counts of falsifying business records in the first degree.
in 2021, the irs rolled out its tax pro account program, a relatively quick response to the complications brought down by covid-19, not to mention the years of dwindling service brought down by congressional budget cuts.
the purpose of tax pro accounts is to allow practitioners to perform basic services online for their clients.
unfortunately, the services enabled by the program were and still are rather limited. many of the services that individual taxpayers themselves can access online are not available to their tax accountants. read more →
the latest results from the 2023 cpatrendlines busy season barometer showed a significant shift in practitioners’ main concern this year. it used to be “late or unprepared clients.”
ideally, taxpayers should be able to show up at a tac with their papers and count on good advice and assistance. they should even be able to have their paper returns scanned and filed electronically.
but no. inevitably, this, too, got screwed up. read more →
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