COVID chaos turns Busy Season 2020 from bad to worse.
BUSY SEASON BAROMETER:
How accountants are battling the Coronavirus recession
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By CPA Trendlines Research
Last year—the good old days!—Busy Season seemed to be about as bad as it could get. Congress enacted the Tax Cuts and Jobs Act without explaining how it was to be enacted, and then changed some things. And then the IRS shut down before the rules could be set and the new forms and schedules made available. And all of a sudden it was April 15.
MORE on the 2020 SEASON: The Mystery of 10 Million Missing Tax Returns | Tax Pro E-Filings Down 20 Percent | IRS Web Traffic Doubles over Year-Ago | COVID Drowns IRS in New Filings | 2020 Tax Season Comes to a Screeching Halt | The Tax Season 2020 Dumpster Fire | Tax Pros Fall Behind 6.2% in Returns Filed
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Tax practitioners had little good to say about 2019. According to last year’s CPA Trendlines Busy Season Barometer, 46 percent said 2019 was worse than the previous year. Only 13 percent thought it was “much better.”
That was then.
This is now. And, now is worse.