e-filing

the mystery of 10 million missing tax returns

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data chartwhile tax professionals’ efiling pace remains stalled, diyers grow by 4 million.

busy season barometer:
how accountants are battling the coronavirus recession
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by beth bellor

with less than a month to go before 2020’s extended tax deadline, the grind continues.

more: tax pro e-filings down 20 percent | irs web traffic doubles over year-ago | covid drowns irs in new filings | 2020 tax season comes to a screeching halt | the tax season 2020 dumpster fire | tax pros fall behind 6.2% in returns filed
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and the question is: where are 10 million tax returns that should have been filed by now by professionals?

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tax pros start to gain ground in e-filings

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refunds one of the only bright spots.

by beth bellor

tax pros may be down for the year in e-filings, but they remain ahead of the do-it-yourselfers.

more: the mystery of 10 million missing tax returns | covid drowns irs in new filings
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the irs had received 138.3 million individual income tax returns as of the week ending june 19, the latest data available. that’s down 4.4 percent from the same period in 2019. the agency had processed 126.6 million returns, down 11.4 percent.
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pros filing more returns than diyers

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chart of irs tax return data for the week ending june 5, 2020… in the tax season that never ends.

by beth bellor

bleak but slightly less so.

more: tax pro e-filings down 20 percent | irs web traffic doubles over year-ago | covid drowns irs in new filings | 2020 tax season comes to a screeching halt | 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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that’s probably the best way to categorize the trends in the most recent data from the internal revenue service.

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tax pros hold slimmest of margins in e-filings

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data chart
data for the week ending may 22

but those filings remain down 17 percent.

by beth bellor

bright spots keep popping up in the internal revenue service’s weekly data on filings. yay!

more: tax pro e-filings down 20 percent | irs web traffic doubles over year-ago | covid drowns irs in new filings | 2020 tax season comes to a screeching halt | the tax season 2020 dumpster fire | tax pros fall behind 6.2% in returns filed | tax pros trail by 908,000 returns | tax pro irs filings lag by 532,000
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unfortunately, they’re in the same old spots: refunds (which don’t help overworked cpas), irs.gov traffic (maybe there’s where all the budget goes) and self-preparers (who even let them in?). boo!
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pro tax prep stalls to a crawl amid covid-extended season

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data chartpros hold the margin, but barely.

by beth bellor

new tax filing statistics show only a couple of upticks over last year: diy e-filings and irs website traffic, suggesting tax practitioners have hit the big “pause” button on tax season 2020.

more: tax pro e-filings down 20 percent | irs web traffic doubles over year-ago | covid drowns irs in new filings | 2020 tax season comes to a screeching halt | the tax season 2020 dumpster fire | tax pros fall behind 6.2% in returns filed | tax pros trail by 908,000 returns | tax pro irs filings lag by 532,000
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

then again, if you’re in i.t. at the irs, that might not be such happy news.
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tax pro e-filings down 20 percent

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irs.gov visits top 1 billion.

by beth bellor

with two long months to go in this pandemic-stretched tax season, all the key figures are down, down, down … except visits to the irs website, of course, and a flat spot for diyers.

will business pick up as states reopen? or are the clients waiting in the wings the ones no one wants?

more: irs web traffic doubles over year-ago | covid drowns irs in new filings | 2020 tax season comes to a screeching halt | the tax season 2020 dumpster fire | tax pros fall behind 6.2% in returns filed | tax pros trail by 908,000 returns
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the irs had received 125.5 million individual income tax returns as of the week ending may 1, the latest data available, down 11 percent from the same period one year ago. it had processed 113.1 million returns, down 16.1 percent.
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irs web traffic doubles over year-ago

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data chart
^ data for the week ending april 24, 2020

as filers seek stimulus checks.

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

by beth bellor

want a bright spot in the irs’ weekly updates on tax filings? it’s website traffic, more than double what it was a year ago.

more: covid drowns irs in new filings | 2020 tax season comes to a screeching halt | the tax season 2020 dumpster fire | 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
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everything else? a sea of red.
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covid drowns irs in new filings

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data chart
data for the week ending april 17, 2020.
* total includes returns filed to obtain economic impact payments by those who would not usually file income tax returns.

why not? submissions are way down.

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

by beth bellor

coronavirus hit irs data in a couple of ways this week.

people who don’t ordinarily file income tax returns, but did so to obtain economic impact payments, boosted filings higher than they might have been for the week ending april 17, the latest data. in addition, visits to irs.gov shot up 77 percent over 2019 – the get my payment link surely was part of that picture.

more: 2020 tax season comes to a screeching halt | the tax season 2020 dumpster fire | 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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the internal revenue service reported receiving 116 million individual income tax returns, down 15.5 percent. it had processed 106.6 million returns, up 18.5 percent.
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