With Fresh Funding, IRS Shows Service Improvements

man talking on phone and smiling

Welcome to the 21st century.

By CPA Trendlines Research

It turns out that all it took was money. Funded better, the IRS performs better. It’s as simple as that.

MORE: Research: Accounting Pros Cautiously Optimistic about Generative AI | How Auditors Can Beat AI | How Tax Practitioners Became Cybersecurity Risks | Why the U.S. Must Act Now to Protect Our Online Privacy | Top Tax Vendors Caught Red-Handed Selling Private Taxpayer Data
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Look at the accomplishments as of the end of the filing season:

  • Three million more phone calls answered.
  • Phone wait times cut from 28 minutes to just three.
  • 140,000 more taxpayers served in person.
  • 80 times more returns digitized than in 2022.
  • Entire backlog of 2022 returns cleared without error.
  • New online filing and notification options offered.
  • Tax preparers can file 1099s in bulk.
  • New direct deposit refund enabled for amended returns.
  • 35 Taxpayer Assistance Centers opened or reopened.

The improvements are possible thanks to funding provided under the Inflation Reduction Act, and the IRS deserves credit for accomplishing so much in so little time. The IRA was passed on August 16, 2022.

READ MORE →

Why Students Opt for Accounting (or Don’t)

bar charts

They share their ideas for changes.

By CPA Trendlines Research

Are accountants a threatened species?

MORE in STAFFING & RECRUITING: Tax and Accounting Pay Advancing at 5.9% PaceWhich is Better: A Year of Education or a Year of Experience?44 Critical Criteria for Accounting Staff Performance EvaluationsFour Ways to Propel New CPAs into Growing Your FirmMike Whitmire: Re-Think Your Hiring and Training PracticesWhat New Leaders Want in Ownership |

GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Extinction’s still a ways off, but the numbers of CPAs are in serious decline. Between 2010 and 2021, the number of people taking and passing the CPA licensing exam fell 36 percent, from more than 50,000 to about 32,000.
READ MORE →

Go PRO Today! See Why Everyone Follows CPA Trendlines

And why they say you should too.

What readers are saying about CPA Trendlines

“Thank You!” to all our great readers and colleagues…

We’re celebrating at CPA Trendlines. And we couldn’t do it without the support and interest of the great people in this great profession.

Thank you for your great feedback!

– Rick Telberg
Upgrade today at Membership Options

Upgrade membership with a no-risk seven-day free trial

READ MORE →