{"id":82119,"date":"2021-02-28t23:00:13","date_gmt":"2021-03-01t04:00:13","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=82119"},"modified":"2023-10-26t09:20:57","modified_gmt":"2023-10-26t13:20:57","slug":"individual-tax-filings-down-31-percent","status":"publish","type":"post","link":"\/\/www.g005e.com\/2021\/02\/28\/individual-tax-filings-down-31-percent\/","title":{"rendered":"busy season 2021 gets off to weak start"},"content":{"rendered":"<p><strong>filings trail 31 percent. tax pro outlook looks glum.<\/strong><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #0056a6;\"><strong>busy season barometer<\/strong><\/span><br \/>\n<span style=\"color: #0056a6;\"><span style=\"text-decoration: underline;\"><a style=\"color: #0056a6; text-decoration: underline;\" href=\"https:\/\/www.research.net\/r\/busy21w\">join the survey. get the results<\/a><\/span><\/span><\/p>\n<p><strong><a href=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/irs_02192021.png\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-82121 aligncenter\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/irs_02192021-849x642.png\" alt=\"data chart\" width=\"600\" height=\"454\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/irs_02192021-849x642.png 849w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/irs_02192021-300x227.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/irs_02192021-600x454.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/irs_02192021-424x321.png 424w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/irs_02192021-768x581.png 768w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/irs_02192021.png 896w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/strong><\/p>\n<p><em>by beth bellor<\/em><\/p>\n<p>statistics for individual income tax return filings are virtually all in the red, with total returns received lagging 30.5 percent behind last year&#8217;s pace.<\/p>\n<figure id=\"attachment_82136\" class=\"thumbnail wp-caption aligncenter\" style=\"width: 849px\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-82136 size-large\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/screen-shot-2021-02-28-at-11.39.27-pm-849x502.png\" alt=\"\" width=\"849\" height=\"502\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/screen-shot-2021-02-28-at-11.39.27-pm-849x502.png 849w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/screen-shot-2021-02-28-at-11.39.27-pm-300x177.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/screen-shot-2021-02-28-at-11.39.27-pm-600x355.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/screen-shot-2021-02-28-at-11.39.27-pm-424x251.png 424w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/screen-shot-2021-02-28-at-11.39.27-pm-768x454.png 768w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/screen-shot-2021-02-28-at-11.39.27-pm.png 1031w\" sizes=\"auto, (max-width: 849px) 100vw, 849px\" \/><figcaption class=\"caption wp-caption-text\">the 2021 outlook: worse and &#8220;much worse&#8221; than 2020<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>meanwhile, tax professionals are lurching into the heart of the 2021 busy season with 43% forecasting a worse year ahead than last year&#8217;s covid-ravaged season, according to the first respondents to this year&#8217;s annual 卡塔尔世界杯常规比赛时间 business season barometer. only about 6 percent are expecting a &#8220;much better&#8221; year, and 19 percent a predicting a &#8220;somewhat better year.\u00a0<span style=\"color: #0056a6;\"><span style=\"text-decoration: underline;\"><a style=\"color: #0056a6; text-decoration: underline;\" href=\"https:\/\/www.research.net\/r\/busy21w\">join the survey. get the results<\/a>.<\/span><\/span><\/p>\n<blockquote><p><strong>more on busy season:<\/strong> <a href=\"\/\/www.g005e.com\/2021\/02\/18\/team-expectations-a-checklist-for-busy-season\/\">team expectations: a checklist for busy season<\/a> | <a href=\"\/\/www.g005e.com\/2021\/02\/17\/make-sure-tax-clients-know-about-other-services\/\">you\u2019re not just taxes<\/a> | <a href=\"\/\/www.g005e.com\/2021\/02\/09\/happier-saner-and-richer-want-in\/\">the happier, saner, richer tax firm<\/a> | <a href=\"\/\/www.g005e.com\/2020\/12\/18\/survey-a-glint-of-optimism-for-2021\/\">survey: a glint of optimism for 2021<\/a> | <a href=\"\/\/www.g005e.com\/2020\/09\/28\/problems-in-ppp-fake-employees-fake-businesses-and-lavish-spending-mar-the-covid-relief-program\/\">ppp traps: 1 in 5 accountants report shady dealings<\/a> |<\/p>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-49700\" src=\"http:\/\/4f2bur4nuye2cgakm2rm61qk.wpengine.netdna-cdn.com\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1470686574894.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2021\/02\/28\/individual-tax-filings-down-31-percent\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n<p>the difference in the start dates of the tax seasons had a huge effect on the percentage changes in every category. in 2020, tax season began for individual tax return filers on jan. 27, and in 2021 the irs didn&#8217;t begin accepting and processing returns until feb. 12.<\/p>\n<p><!--more--><br \/>\ntherefore, the first week of filing data compares feb. 19, 2021, day 8 of the current season, to feb. 21, 2020, day 26 of the previous season.<\/p>\n<p>as of feb. 19, the irs had received 34.7 million returns, down 30.5 percent from 49.9 million. the gap was even starker in total returns processed, at 29.8 million down 37.9 percent from 48.1 million in 2020.<\/p>\n<p>the agency has processed 86 percent of returns received so far this season.<\/p>\n<div class=\"ta-response-item-content\">\n<p>\u00a0&#8220;we put a lot of effort into being caught up and proactively asked for business tax info early. but 1040s are going slower,&#8221; according to a name partner in a two-partner, 18-person firm in huntsville, ala.<\/p>\n<\/div>\n<div>irs operations and a lagging economy are emerging as the early top concerns, with small businesses still struggling to survive, according to the 2021 卡塔尔世界杯常规比赛时间 survey.<\/div>\n<p><strong>e-filings<\/strong><\/p>\n<p>electronic filings totaled 33.6 million, down 30 percent from 48 million. tax professionals handled 12.8 million of those, down 39.7 percent from 21.3 million in 2020, and self-preparers sent in 20.8 million, down 22.2 percent from 26.8 million.<\/p>\n<p>professionals hold 38.1 percent of the individual income tax return market at the moment.<\/p>\n<p><strong>website visits<\/strong><\/p>\n<p>visits to irs.gov at 425.8 million were up 75.7 percent, the only positive, compared to 242.3 million this time last season.<\/p>\n<p><strong>refunds<\/strong><\/p>\n<p>refunds totaled 16.6 million, down 55.7 percent from 37.5 million. the total amount of $47.7 billion was down 59.2 percent from $117.1 billion. the average refund differed only by 7.8 percent, $2,880 vs. 2020&#8217;s $3,125.<\/p>\n<p>direct deposit refunds at 16 million were down 54.8 percent from 35.4 million. the total amount of $46.8 billion dropped 58.7 percent from $113.4 billion. the average direct deposit refund at $2,920 was down 8.8 percent from $3,200 last season.<\/p>\n<p>the vast majority of refunds, 96.7 percent, are via direct deposit. the average direct deposit refund is 1.4 percent higher than its paper counterpart.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p><a href=\"\/\/www.g005e.com\/?p=82119\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-82133\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/screen-shot-2021-02-28-at-11.11.49-pm.png\" alt=\"\/\/www.g005e.com\/?p=82119\" width=\"250\" height=\"70\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/screen-shot-2021-02-28-at-11.11.49-pm.png 593w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/screen-shot-2021-02-28-at-11.11.49-pm-300x83.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2021\/02\/screen-shot-2021-02-28-at-11.11.49-pm-424x118.png 424w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a><br \/>\n<strong>filings trail 31 percent. tax pro forecast looks glum.<\/strong><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #0056a6;\"><strong>busy season barometer<\/strong><\/span><br \/>\n<span style=\"color: #0056a6;\"><span style=\"text-decoration: underline;\"><a style=\"color: #0056a6; text-decoration: underline;\" href=\"https:\/\/www.research.net\/r\/busy21w\">join the survey. get the results<\/a><\/span><\/span><\/p>\n<p><em>by beth bellor<\/em><\/p>\n<p><strong>more on busy season:<\/strong> <a href=\"\/\/www.g005e.com\/2021\/02\/18\/team-expectations-a-checklist-for-busy-season\/\">team expectations: a checklist for busy season<\/a> | <a href=\"\/\/www.g005e.com\/2021\/02\/17\/make-sure-tax-clients-know-about-other-services\/\">you\u2019re not just taxes<\/a> | <a href=\"\/\/www.g005e.com\/2021\/02\/09\/happier-saner-and-richer-want-in\/\">the happier, saner, richer tax firm<\/a> | <a href=\"\/\/www.g005e.com\/2020\/12\/18\/survey-a-glint-of-optimism-for-2021\/\">survey: a glint of optimism for 2021<\/a> | <a href=\"\/\/www.g005e.com\/2020\/09\/28\/problems-in-ppp-fake-employees-fake-businesses-and-lavish-spending-mar-the-covid-relief-program\/\">ppp traps: 1 in 5 accountants report shady dealings<\/a> <\/p>\n<blockquote>\n","protected":false},"author":796,"featured_media":82121,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2779,1363,3002,11,1906,2246],"tags":[],"class_list":["post-82119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charts-graphs","category-featured","category-special","category-research","category-tax-practice","category-busy-season"],"acf":[],"yoast_head":"<!-- this site is optimized with the yoast seo plugin v24.0 - 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