DIYs, refunds are up.
The CPA Trendlines Busy Season Barometer: New year, new strategies?
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By Beth Bellor
Filings were behind last year’s marks as tax season opened, according to the IRS, and pros handled about 35 percent of e-filings.
MORE: The Fight for New Tax Clients | 5 Tax Review Keys | Treat Review Procedures Like Quality Control | SURVEY RESULTS: Tax Pros Forecast a Better 2020 | Can the IRS Enforce the Tax Code? | Tax Pro’s Upbeat on Cusp of Busy Season | Use Tax Return Prep for Training and Growth | IRS Undertakes Overhaul | All 2020 Tax Season Coverage
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The Internal Revenue Service received 15.8 million individual income tax returns for the week ending Jan. 31 – the first of the season and just five days long – down by 1.6 percent from the year before. It had processed 12.9 million returns, down 2.7 percent, for a processing rate of 82 percent.