CPA Practice

JUNE 21, 2023

The IRS has reduced its backlog of unprocessed paper tax returns by 80%, has sent out refunds more quickly in 2023 than in previous years, and has cut wait times for those trying to reach the agency by phone, the national taxpayer advocate said in her midyear report to Congress on June 21. Erin Collins “What a difference a year makes!”

tax return 64

tax return Tax account management accounting manager 64

CPA Practice

JANUARY 10, 2024

The report says the IRS virtually eliminated its backlog of unprocessed original individual income tax returns (Forms 1040) and substantially improved telephone service. The areas in which taxpayers continued to experience delays were primarily those that required employees to process tax returns and taxpayer correspondence.”

tax return 64

tax return income tax Non-Profits Tax 64

Reckon

MARCH 26, 2024

On the other hand, we have those like ANZ CEO, Shayne Elliott and HSBC chief economist Paul Bloxham reticent to believe they’ll come before 2025. On one hand we have AMP chief economist Shane Oliver ruminating about cuts in June, the CBA talking about September, and economists from NAB chattering about November.

income tax 52

income tax tax return Tax online accounting 52