tax

Tax Pros E-File 63 Million Returns through April 13

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Chart of IRS filing dataAverage refunds remain positive even as totals are in the red.

By Beth Bellor
CPA Trendlines

With less than a week to go, tax processing slowed slightly.

MORE ON TAX SEASON: DIYers Outpace Pros in E-Filing Growth Rate | Pros Filing 55% of E-Returns | IRS in Retreat from Communities | SURVEY: New Tax Law Roils Busy Season | David Bergstein on Tax Season | Tax Accountants Fill the Breach of a Failing IRS | Artificial Intelligence Gets a Boost with Tax Reforms
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The IRS had received 118.6 million individual income tax returns as of April 13, the latest data available. That’s up 0.1 percent from the same week in 2017. It had processed 114.8 million of those, down 0.2 percent.
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DIYers Outpace Pros in E-Filing Growth Rate

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Chart of IRS filing data for week ending April 6, 2018Refunds remained down in number and total amount.

By Beth Bellor
CPA Trendlines

With 11 days left in the busy season, the pros were struggling to keep their share of e-filings.

MORE ON TAX SEASON: Pros Filing 55% of E-Returns | Percentages Don’t Tell Whole IRS Filing Story | Tax Pros Keep Edge in E-Filings | David Bergstein on Tax Season | 10-Step Sec. 199A Deduction Checklist for Tax Practitioners | Tax Accountants Fill the Breach of a Failing IRS
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As of April 6, the latest data available, the IRS had received 103.8 million individual income tax returns, up 0.1 percent from the same period the previous year. It had processed 101.1 million of them, also up 0.1 percent.
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Percentages Don’t Tell Whole IRS Filing Story

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Chart of IRS filing data for the week ending March 23, 2018Tax pros slightly behind last year’s pace, but still hold the edge in sheer numbers.

By Beth Bellor
CPA Trendlines

By many measures, this tax season is slightly ahead of 2017’s pace.

MORE ON TAX SEASON: Professionals Losing the Battle on E-Filings to DIYers | SURVEY: New Tax Law Roils Busy Season | David Bergstein on Tax Season | Tax Accountants Fill the Breach of a Failing IRS | New Tax Law Roils Busy Season 2018 | Beware the EZ Way Out  | When Clients Face ‘Unreal’ IRS Audits
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The IRS had received 85.7 million individual income tax returns by the week ending March 23, the latest data available. That’s up 0.5 percent from the same period last year.
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Tax Pros Keep Edge in E-Filings

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Chart of IRS filing statistics for the week ending March 9, 2018The IRS server load shows no signs of easing.

By Beth Bellor
CPA Trendlines

CPAs are marking the days until the end of busy season and over on the receiving side, the wheels keep turning.

MORE ON TAX SEASON:  Half of E-Filings Go Through Tax Pros | David Bergstein on Tax Season | Tax Accountants Fill the Breach of a Failing IRS | New Tax Law Roils Busy Season 2018 | Beware the EZ Way Out | When Clients Face ‘Unreal’ IRS Audits | Underfunded IRS Swamped with Problems

As of March 9, the latest data available, the IRS had received 69.5 million individual income tax returns, up 0.1 percent from the same period in 2017. It had processed 67.2 million returns, down 0.2 percent.

The processing rate for returns was 96.7 percent.

E-filings totaled 65.3 million, up 0.5 percent. Tax professionals filed 33.5 million of those, up 1.8 percent, and 31.8 million were self-prepared, up 3 percent. READ MORE →

Half of E-Filings Go Through Tax Pros

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IRS filing data for week ending March 2, 2018Direct deposits down from their usual range.

By Beth Bellor
CPA Trendlines

With a full month of tax filings in the books, there aren’t any surprises.

MORE ON TAX SEASON:  IRS E-Filing Stats Approaching 2017 Levels | Tax Accountants Fill the Breach of a Failing IRS | Artificial Intelligence Gets a Boost with Tax Reforms | Tax Pros Keep Gaining in 2018 | New Tax Law Roils Busy Season 2018 | Tax Pros Gain Slight Ground in E-Filings | Tax Pros Turning in Only 39% of E-Filings | Beware the EZ Way Out  | IRS #FAILs at Online Services Spell Problems for Professionals | Can the IRS Improve Its Phone Service? | When Clients Face ‘Unreal’ IRS Audits | IRS Warns about Private Debt Collectors for Tax Season 2018 | Underfunded IRS Swamped with Problems
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By the end of week 5 on March 2, the IRS had received 61.2 million individual income tax returns, up 0.1 percent from the same period last year. It had processed 59 million, down 0.1 percent.
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