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