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Respondents to the CPA Trendlines Busy Season Barometer seemed a little optimistic earlier this year, but as the season staggers into April, tax practitioners are having second thoughts. Suddenly, increasingly, the season looks bleak. Now more and more respondents foresee a downturn in revenue and profit. Fewer foresee a better year.
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Many blame the tax system in general and the IRS in particular. It all boils down to politics. Chris Cooper, a certified financial planner in San Diego, says.“Enact a flat tax or a VAT, and eliminate taxing income and investments. Then do away with the IRS.”
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