The Tax Season 2020 Dumpster Fire

Coronavirus crushes tax prep.

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By Beth Bellor

Slammed by the COVID-19 crisis, Tax Season 2020 has gone off the rails.

Tax return filing activity is trending down, and who can blame filers? With an automatic three-month extension, those who owe taxes have no incentive to file anytime soon. And practitioners are consumed with protecting their firms and rescuing their clients.

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That may be impacting numbers for e-filings by tax professionals, which are down in double digits. Perhaps those whose dealings are complex enough to need assistance are seeking appointments in June now.