tax season

has early tax season optimism peaked?

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add your thoughts.

by 卡塔尔世界杯常规比赛时间 research

tax practitioners were looking a bit optimistic last month, according to the early results coming in to the 2023 cpatrendlines busy season barometer.

more: marchternity: just say ‘no’ | marchternity: the solution is community | why the irs is still doing data entry by hand | news on irs is maybe sort of a little bit good | why we all hate the tax code | how bullish are you this tax season? | accountants’ top problems for tax season 2023 | tax season 2023: better or worse?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

but as the second wave of responses comes in, the early-bird optimism seems to be waning.

what’s happening?
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‘quick and dirty’ tax review

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… in 17 steps.

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

everything i suggest in my handbook is recommended and works well. each firm will use and adopt what they want and what fits into their practice.

more: when returns should be submitted for review | 10 errors that ‘smart’ scanners make | tax: the procedural checklists your firm needs | the best way to review a tax return | why you can’t skip checklists | how to turn tax returns into new business
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

many times, i am asked for a quick down and dirty suggested review method, so i put the following together. this should not be a substitute for reading the handbook and considering all my recommendations. reviewing is a process, not a thing to do.
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only 39% of tax returns filed by pros

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data tablerefund amounts are down 14%.

by beth bellor
卡塔尔世界杯常规比赛时间 research

the second week of tax season brought more double-digit increases over 2022’s pace for the same period.

more: tax season opens with refunds up 85%
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

according to the latest data, the internal revenue service has received 28.8 million individual income tax returns, up 9.1 percent. it has processed 26.6 million returns, up 13.6 percent.

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tax season opens with refunds up 85%

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data tablenearly two-thirds of returns have been self-prepared.

by beth bellor

the latest tax season is off to a roar, with refunds up 85 percent and processing up 29 percent above last year at this time.

more on tax season: more: marchternity: just say ‘no’ | marchternity: the solution is community | why the irs is still doing data entry by hand | news on irs is maybe sort of a little bit good | why we all hate the tax code | how bullish are you this tax season? | accountants’ top problems for tax season 2023 | tax season 2023: better or worse?

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

as of feb. 3, the end of the first week of collections, the irs had received 19 million individual income tax returns, up 13.5 percent from the same week in 2022. it had processed 16.8 million returns, up 29.1 percent.
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when returns should be submitted for review

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three times it’s appropriate.

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

the workflow of returns submitted to reviewers needs to be managed, otherwise the reviewer could become overloaded with incomplete or partially completed returns waiting on additional information. this adds nonproductive work to the reviewer that can best be delegated to the preparer, who is actually delegating it to the reviewer, i.e., upward delegation, which makes no sense, or have it assigned to an administrative person for follow-up. for efficiency i suggest that the preparer is the best person to follow up and maintain control of the incomplete return.

more: 10 errors that ‘smart’ scanners make | three ways to improve tax returns | don’t use eyes, use brain | three types of tax return reviews | tax review procedures are your quality control | seven types of tax return reviews | how to turn tax returns into new business
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the firm mindset must be to maximize the efficiency and effectiveness of the reviewer. (i keep repeating this. this must be a top goal if you want to get the best that the reviewers can offer to you.)
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