irs

for a few: why busy season 2022 beats 2021

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one in four tax practitioners say they’ve learned from last year.

by 卡塔尔世界杯常规比赛时间

the 2022 卡塔尔世界杯常规比赛时间 busy season barometer isn’t turning up much optimism, but a good quarter of respondents are telling us that this year just might be better than 2021.

judging from their comments, however, “better” seems to mean “not as bad.”

more: your sales tax headaches are only just beginning  |  six fixable problems at the irs   |  irs under covid: heroes or goats?   |  irs loves e-filing. so why the barriers?  |  two big (and obvious) ways irs could work with practitioners   |  eight ways to charm a client | plug small leaks before they become big floods | you’re only as good as your last screw-up | four issues with ‘quick’ tax questions | when to pick up the phone this tax season | these five procedures will simplify your tax season | 11 steps to better client tax instructions

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

out of the 577 practitioners who’ve responded so far, only five percent said that this year is “much better” than last year, though another 21 percent granted that so far it’s “somewhat better.”

but that’s compared with 47 percent who say it’s somewhat or much worse.

read more →

six fixable problems at the irs

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and the irs already knows what they are.

by 卡塔尔世界杯常规比赛时间

tax practitioners beware: the irs has become a mess of misinformation and missing information.

more tax: two big (and obvious) ways irs could work with practitioners  | imagine a fully online irs | the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22 |  padar joins vc-backed tax fintech for banks |  covid chokes an already crippled irs | tax regs for the metaverse | 10 steps to a superior tax department | accountants critical of competitor price-cutting |  automate busy season with apps you already use | sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos  | a woman named wanda leaves an ira nightmare  | are you under-pricing your client accounting services?  | your best advice: get smart, get tech, get moving | worries for small business clients |

goprocpa.compro members: log in here or 2022世界杯足球排名 today.

it’s isn’t a complete mess, but there are problems… and solutions. we can think of six no-brainer easy fixes. read more →

irs under covid: heroes or goats?

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agents resort to filing by forklift.

by 卡塔尔世界杯常规比赛时间

let us pause for a moment of kudos.

last year, the irs accepted a mission impossible. it wasn’t just underfunded, understaffed, and underequipped but overloaded, overworked, and overdue.

more tax: two big (and obvious) ways irs could work with practitioners  | imagine a fully online irs | the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22 |  padar joins vc-backed tax fintech for banks |  covid chokes an already crippled irs | tax regs for the metaverse | 10 steps to a superior tax department | accountants critical of competitor price-cutting |  automate busy season with apps you already use | sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos  | a woman named wanda leaves an ira nightmare  | are you under-pricing your client accounting services?  | your best advice: get smart, get tech, get moving | worries for small business clients |

goprocpa.compro members: log in here or 2022世界杯足球排名 today.

and then covid came back with a vengeance. read more →

irs loves e-filing. so why the barriers?

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irs buried in paper: even with 91 percent of returns e-filed, that leaves more than 33 million paper returns pouring into the irs annually.

what to do with clients who insist on paper?

by 卡塔尔世界杯常规比赛时间

e-filing may be the best thing to happen to the irs—and tax preparers—since the invention of paper and red tape.

  • it beats paper on cost—just 36 cents to process, vs. $15.21.
  • it beats paper on speed—a couple of hours from sending to acceptance, vs. days to mail, more days to open, more days in storage, more days to transcribe, and maybe months more to process.
  • it beats paper on accuracy—no need for transcription.
  • it beats paper on convenience—taxpayers can e-file in minutes from a desktop; irs can store and move e-files easily and instantly.
  • it beats paper on inconvenience—e-filing allows continuous processing regardless of weather, pandemics, etc.

more tax: two big (and obvious) ways irs could work with practitioners  | imagine a fully online irs | the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22 |  padar joins vc-backed tax fintech for banks |  covid chokes an already crippled irs | tax regs for the metaverse | 10 steps to a superior tax department | accountants critical of competitor price-cutting |  automate busy season with apps you already use | sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos  | a woman named wanda leaves an ira nightmare  | are you under-pricing your client accounting services?  | your best advice: get smart, get tech, get moving | worries for small business clients |

goprocpa.compro members: log in here or 2022世界杯足球排名 today.

so why does the irs still have barriers limiting e-filing? read more →

two big (and obvious) ways irs could work with practitioners

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both could be simple and cheap. if only.

by 卡塔尔世界杯常规比赛时间

the irs has been making some progress in improving the functionality of individual taxpayer online accounts. progress has been slow but in the right direction.

more tax: imagine a fully online irs | the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22 |  padar joins vc-backed tax fintech for banks |  covid chokes an already crippled irs | tax regs for the metaverse | 10 steps to a superior tax department | accountants critical of competitor price-cutting |  automate busy season with apps you already use | sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos  | a woman named wanda leaves an ira nightmare  | are you under-pricing your client accounting services?  | your best advice: get smart, get tech, get moving | worries for small business clients |

goprocpa.compro members: log in here or 2022世界杯足球排名 today.

now it’s time for the irs to aim for two huge new improvements: online accounts for businesses, and expansion of the functionality of tax pro accounts for tax practitioners.

read more →

imagine a fully online irs

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keep imagining. here are a dozen things an irs portal could do for taxpayers and tax pros.

by 卡塔尔世界杯常规比赛时间

as taxpayers and tax practitioners enter yet another tax season of uncertainty and turmoil,  the issue of needed improvements at the irs lingers like a hangover with a viral infection.

more tax: the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22 |  padar joins vc-backed tax fintech for banks |  covid chokes an already crippled irs | tax regs for the metaverse | 10 steps to a superior tax department | accountants critical of competitor price-cutting |  automate busy season with apps you already use | sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos  | a woman named wanda leaves an ira nightmare  | are you under-pricing your client accounting services?  | your best advice: get smart, get tech, get moving | worries for small business clients |

goprocpa.compro members: log in here or 2022世界杯足球排名 today.

are we facing another year of delays, doubts, and unanswered questions? will paying taxes ever become a smooth and efficient process?

imagine a world in the distant future where a common, ordinary taxpayer can pull a computer from a pocket, link into everybody’s favorite revenue service and… read more →

is this how the irs dies?

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irs, losing staff it can’t replace, slides further into chaos and oblivion.

sound-off: how would you fix the irs?
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间

internal revenue service employees are resigning and retiring in droves, leaving the agency increasingly powerless to fulfill its mandate as the nation’s tax collector.

more: crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22 |  padar joins vc-backed tax fintech for banks |  covid chokes an already crippled irs | tax regs for the metaverse | 10 steps to a superior tax department | accountants critical of competitor price-cutting |  automate busy season with apps you already use | sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos  | a woman named wanda leaves an ira nightmare  | are you under-pricing your client accounting services?  | your best advice: get smart, get tech, get moving | worries for small business clients |

goprocpa.compro members: log in here or 2022世界杯足球排名 today.

like every other problem the irs has, inadequate staffing is fundamentally caused by inadequate funding. as the irs budget declined by 20 percent between 2010 and 2021, staffing declined by about the same percentage, dropping from 94,711 full-time positions to just 75,773. meanwhile, of course, the number of taxpayers increased.

read more →

pop quiz: can you find $330,000 for your clients?

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but hurry, time is running out.

by bradley burnett, jd llm

the employee retention credit could be worth more than $330,000 to a small-business client.

but our polling shows that 75 percent of tax and accounting professionals have filed no (that’s zero) forms to claim the credit for clients. and now it’s ending early, due to a congressional compromise on the big infrastructure bill.

https://www.research.net/r/erc0802
launch the pop-quiz survey here

read more →

down by 400,000 returns – the end of tax prep?

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red alert: tax professional e-filings drop by 0.5% year-to-year, first year-to-year decline ever.

final irs stats for busy season 2020 shows professionals filed 0.5% fewer returns than last year and lost market share to diy’ers.

busy season barometer:
how accountants are battling the coronavirus recession
join the survey. get the answers.

by beth bellor
卡塔尔世界杯常规比赛时间 research

in what may be an alarming turning point for the profession, tax practitioners finished an already chaotic and bruising tax season 2020 after preparing a total of 73.8 million e-filed returns – a decline of 400,00, or 0.5 percent, from tax season 2019 – the first such reversal on record. ever.

jon baron

more on tax season 2020: say hello to the new 24-month busy season | when covid ‘got real’ | tax pros hold efiling market share as tax seasons winds down | the top six irs #fails this tax season (so far) | how covid has pulverized irs operations | the mystery of 10 million missing tax returns | covid cuts accounting profits | why busy season may never be the same again | covid tests accountants’ entrepreneurial talents | pro tax prep stalls to a crawl amid covid-extended season | clients, revenues, profits – trending down, down, down |

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

“if you are in public accounting and relying on personal return revenue, the results this year are troubling as it is the first time that professionally prepared returns actually fell from the prior year,” says jon baron, the longtime ceo of thomson reuters tax & accounting, and now a venture capitalist with more than a couple startups in stealth mode.

read more →