irs archives - page 9 of 13 - 卡塔尔世界杯常规比赛时间

tax return filings still lag, but pros hold 57% of market

february 14, 2017

chart of irs filing data for the week ended feb. 3, 2017 — **[click for larger image]**

four days fewer in 2017 still skewing statistics.

the irs continues to churn back tax returns nearly as quickly as it receives them, while the percentage that were self-prepared is tracking higher than the same point last year.

more: tax filings down, but irs blames the calendar | survey results: bullish on busy season 2017 | 2017 fee survey: price for non-itemized 1040s advances 6% to $176
exclusively for pro members. log in here or 2022世界杯足球排名 today.

with 20.18 million returns received as of feb. 3, the latest data available, the agency had processed 19.97 million or 98.9 percent of them.
read more →

tax filings down, but irs blames the calendar

february 7, 2017

by beth bellor

chart of tax filing data for week ending jan. 27 — **[click for larger image]**

tax pros make up 38% of e-filings.

next question: how’s tax season so far?
join the survey; get the results

by beth bellor
卡塔尔世界杯常规比赛时间

it’s a shiny new tax season, and that means more shiny new filing data from the irs.

more tax season 2017: free instant download: sample fee schedule for 1040s | tax filings down, but irs blames the calendar | survey results: busy season 2017 gets off to strong start | 2017 fee survey: price for non-itemized 1040s advances 6% to $176 | the annual tax meeting is dead. clients killed it. | reader sound-off: mandatory saturdays stir controversy

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

of course, since it comes from the irs, it also has its own set of footnotes and qualifiers. for one, even though we’re comparing the week ending jan. 27, 2017, with the week ending jan. 29, 2016, the 2016 figure included four more days of tax return processing – although when comparing identical numbers of days, 2017 marks an increase. for another, the new law requiring a hold on refunds involving the earned income tax credit and additional child tax credit until feb. 15 is skewing early season refund numbers and dollar amounts, because many taxpayers claiming these credits are early filers. read more →

tax pros preparing 58 percent of e-filings

april 18, 2016

by 卡塔尔世界杯常规比赛时间 research

chart of irs data for week ending april 8. — [click for larger view.]

more than 97 percent of individual filed returns have been processed.

by 卡塔尔世界杯常规比赛时间

the tax season is groaning to a close and that is reflected in the slowing of most 2016 filing season statistics.

more on individual filings: tax filing trends remain steady | refunds top $200 billion mark | tax filings, processing remain slower | pros lose ground in e-filing | tax questions up, filings down

the irs had received 107.45 million individual income tax returns as of april 8, down 3 percent from the same period last year. it had processed 104.53 million returns, down 3.2 percent.
read more →

refunds top $200 billion mark

april 4, 2016

by 卡塔尔世界杯常规比赛时间 research

chart of irs data for week ending march 25 — [click for larger image]

tax pros hold edge while direct deposit rules.

by 卡塔尔世界杯常规比赛时间

refunds to individual income tax filers topped the $200 billion mark as the 2016 filing season entered its final month.

the internal revenue service had received 89.41 million individual returns by march 25, down 0.9 percent from the same time in 2015. it had processed 86.91 million of those returns, down 1.6 percent. while slowing, that’s still a 97.2 percent processing rate.
read more →

tax filings, processing remain slower

march 25, 2016

by 卡塔尔世界杯常规比赛时间 research

tax pros hold the edge in e-filings, but still on the decline.

next question: accountants’ election year economic outlook
join the survey. be the first to see the answers.

by 卡塔尔世界杯常规比赛时间

the irs continues to grind through individual income tax returns nearly as quickly as it receives them, with about 97.2 percent completion.

related: irs user fees may boost preparers | problem clients are causing big trouble | more health care headaches | the future as the irs sees it | get set for refund delays at irs

for the week ending march 18, 81.96 million returns had been received, down 0.4 percent from the same period last year. of those, 79.63 million had been processed, down 1 percent.
read more →

irs budget cuts cost taxpayers $15 billion annually in collections from the largest corporations

march 16, 2016

by 卡塔尔世界杯常规比赛时间 research

drop in audit time and recommended additional tax — big corporations

nation’s biggest companies benefit from congressional budget cuts.

by rick telberg
卡塔尔世界杯常规比赛时间

maybe it’s only legend, but if you’re a quotation buff, you’ve probably heard novelist f. scott fitzgerald telling hemingway, “the rich are different from you and me.” hemingway responds, “yes, they have more money.”

the same may apply to giant corporations, at least as far as the irs is concerned. and the consequences are far from amusing.

pros handle 52% of e-filings

march 14, 2016

by 卡塔尔世界杯常规比赛时间 research

irs website remains popular.

by 卡塔尔世界杯常规比赛时间

self-preparers continue to gain ground on tax pros in e-filing, according to new data from the irs.

related: pros lose ground in e-filing | tax questions up, filings down

e-filing receipts overall are up 0.5 percent, to 62.63 million. but while tax pro filings are down 2.5 percent, to 32.6 million, self-preparers are up 3.9 percent, to 30.04 million. the professionals are holding on to 52 percent of the total to date in 2016.
read more →

the future as the irs sees it

february 17, 2016

by 卡塔尔世界杯常规比赛时间 research

but will it work?

by 卡塔尔世界杯常规比赛时间

uh-oh. the internal revenue service is developing a “future state” plan that it says will transform the way the service interacts with taxpayers.

many components in the plan will may well ease the processing of filing returns, the issuing of refunds, and the identification and resolution of problems. but the tax advocate service – an independent part of the irs that defends and assists taxpayers – warns that key components of the plan are going to aggravate taxpayers and make it more difficult to find answers and resolve issues.

get set for refund delays at irs

february 8, 2016

by 卡塔尔世界杯常规比赛时间 research

flow chart of refund return processing in irs integrity & verification operation (click for larger version)

false positives for fraud can drag things out 11 weeks … or longer.

by 卡塔尔世界杯常规比赛时间

tax preparers might do well to prepare their clients for possible delays due to automated inefficiencies at the internal revenue service, according to a report from the tax advocate service.

the delays, which have been reported as a serious problem since 2003, are caused by automatic freezing of refunds when the irs’s pre-refund wage verification (also known as income wage verification) identifies suspected false wages and withholding.

the fundamental problem is that the false positive rate for the electronic fraud detection system in 2015 was a staggering 35 percent. that’s not a whole lot better than random identification would be.

the problem extends to the taxpayer protection program, which is grappling with identity theft. there the false positive rate leaped from 19.8 percent in 2014 to 36.2 percent in 2015.

if you thought tax season 2015 was bad…

july 23, 2015

by 卡塔尔世界杯常规比赛时间 research

…the irs says 2016 could be even worse.

irs projects even worse taxpayer service for the 2016 filing season (fy 2015).

by 卡塔尔世界杯常规比赛时间

the 2015 filing season was akin to a tale of two cities, according to the irs’s own watchdog.

“for the majority of taxpayers who filed their returns and did not require irs assistance, the filing season was generally successful,” according to the report issued to congress by the national taxpayer advocate’s office headed by nina olson. “for the segment of taxpayers who required help from the irs, the filing season was by far the worst in memory.”

meanwhile, olson urges congress to undertake “fundamental tax reform,” pass a “taxpayer’s bill of rights” law, and boost irs funding.

“everyone is in collective denial about what inadequate funding for the irs means to taxpayers,” olson says. read more →

will obamacare penalties kill your small business clients?

june 26, 2015

by 卡塔尔世界杯常规比赛时间 research

drug in syringe on white background

fines run $100 per day, per employee.

by stephen l. nelson, cpa
and elizabeth c. nelson, cpa
small business and the affordable care act

by now, many of your small business clients understand they don’t have to provide employees with health insurance. the employer mandate starts when a firm employs 50 or more full-time-equivalent employees.

but here’s an awkward follow-up question: do your small business clients understand that many of the aca’s rules still apply to them and that they may still be vulnerable to the aca’s 4980d excise tax penalty—which runs $100 per day per employee?

learn more: small businesses and the affordable care act: what every tax practitioner needs to know (55-page pdf digital download)

can we talk irc code sections?

people sometimes hear references to the 4980d penalty and scoff, say you can’t believe everything you hear on talk radio or read at some blog. so let’s look at the actual internal revenue code section in question.

here are the first few sentences of irc sec 4980d: read more →

irs predicts ‘challenging’ 2016

april 27, 2015

by 卡塔尔世界杯常规比赛时间 research

irs commissioner john koskinen — koskinen

budget cuts remain a concern.

by 卡塔尔世界杯常规比赛时间 research

no matter what you think of your 2015 tax season, the irs thinks it had it worse.

commissioner john koskinen testified about the season before the house ways and means committee’s subcommittee on oversight, and said even opening on schedule was a “major accomplishment” because of additional preparation needed for the affordable care act and the foreign account tax compliance act, as well as a system update reflecting december’s tax extender legislation. read more →

tax pros do 59% of e-filing as season nears end

april 19, 2015

by 卡塔尔世界杯常规比赛时间 research

receipts, processing, refund numbers all down.

with only five days left in the tax season, the irs had received more than 110.7 million individual tax returns and processed 108 million of them. the april 10 data showed receipts down 1.8 percent from 2014 and processing down 2.1 percent. processing for 2015 continued in the same range, at 97.5 percent.