A shorter season to date makes comparisons difficult.
By CPA Trendlines Research
The Internal Revenue Service has fired up the machinery and begun cranking out tax returns. And so begins our annual ritual of tracking how well they do that.
All of the initial figures are double-digit down, largely because of seven days’ fewer collections. The 2023 filing season began on Jan. 23 vs. 2024’s Jan. 29, so 2023 totals cover 12 days as opposed to this season’s five days.
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