Another Tax Season from Hell?

Tax-pro efiling lags 40%. New due date: May 17. Details to come.

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By CPA Trendlines Research

The IRS is reporting that efiling is running 30 percent behind last year’s rate, with DIY’ers down by 22 percent and tax professionals trailing year-ago by 39.7 percent for the week ended Feb. 19.

And tax-pro market share of all efiling has slipped to 38 percent, down from 44 percent the last time we checked.

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Meanwhile, Treasury and the IRS announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15 to May 17. The IRS promised to provide details “in the coming days.”

Among the accountants reporting more problems this year, the comments are stark: