tax season

Pros hold on to 57% of e-filings.

By Beth Bellor
CPA Trendlines

The nationwide refund pool crept into positive territory, joining average refunds as the only statistics on the plus side.

MORE TAX SEASON DATA: Tax Refunds Catching Up to Last Year | Tax Professionals Accelerate Filing Pace as Busy Season Heads for the Home Stretch | Individual Tax Filings Still Lag Behind 2016 | Tax Pros Filing Only 51% of E-Returns | Tax Refunds Up Slightly | Tax Filings Data Looking Less Squirrely
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The data are for the week ending April 7, the latest available.
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Pros gain more ground in e-filings.

By Beth Bellor
CPA Trendlines

As tax season enters its final weeks, refunds remain the only positive figure on the chart.

MORE TAX SEASON DATA: Tax Professionals Accelerate Filing Pace as Busy Season Heads for the Home Stretch | Individual Tax Filings Still Lag Behind 2016 | Tax Pros Filing Only 51% of E-Returns | Tax Refunds Up Slightly | Tax Filings Data Looking Less Squirrely | Tax Return Filings Still Lag, But Pros Hold 57% of Market | Tax Filings Down, but IRS Blames the Calendar
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However, the total amount refunded is within 1 percent of where it stood last year at this time.
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More e-filings handled by pros, but not by a large margin.

By Beth Bellor
CPA Trendlines

How much difference can four days make? Or are there other issues?

MORE ON TAX SEASON: Five Ways to Protect Clients from ‘The Sleazy Six’ Tax Season Scams | Four Common Errors in Form 1098-T | Taxes: Beyond Income to Gas and More | Readers Sound Off: What Tax Season Decline? | Five-Point Action Plan for Turning Tax Scam Threats into New Opportunities | Liberty Tax Earnings Down 48% | H&R Block Lagging Behind Last Year
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Most 1040 data remains on a downturn from 2016, with only refund amounts edging barely into positive territory.
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Refunds are the only figure tracking higher this year.

By Beth Bellor
CPA Trendlines

The e-filing margin between tax professionals and self-preparers is narrowing. Still, the pace of e-filing by tax professionals is running 10% behind the same time last year.

MORE TAX SEASON DATA: Tax Refunds Up Slightly | Tax Filings Data Looking Less Squirrely | Tax Return Filings Still Lag, But Pros Hold 57% of Market | Tax Filings Down, but IRS Blames the Calendar
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As of March 3, the IRS had received 61.1 million individual income tax returns, down 8.5 percent from the same period last year, although 2017 has had four fewer processing days so we’re comparing oranges to tangerines.
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