Bob Scott

Bob Scott

IRS Reports Eight Days of Filing

The Internal Revenue Service has reported there were 34,693,000 tax returns filed in the first eight days of the tax season. But the February 12 start to the season meant that the report for the period ended February 19 compared to the year earlier season-to-date which reflected 26 days of filing in 2019.

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Late Forms Cut Intuit’s Tax Pro Revenue

Revenue for Intuit’s ProConnect Group was hurt by a delay in forms availability, the software company said this week. Intuit reported revenue for that segment dropped by 8 percent for the second quarter ended January 31.

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Thomson Tax, Acct'ing Up for 4Q, Down for 2020

The Tax & Accounting Professionals segment of Thomson Reuters registered 4-percent revenue growth for the fourth quarter ended December 31.  However, the top line for the unit was off by 1 percent for 2020 as currency took a toll.

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