Tax season closed with a strong finish with returns exceeding 2023 totals by 1.5 percent. The Internal Revenue Service reported receiving 139,137,000 returns for the period ended April 19, up from 137,144,000 through April 21, 2023.

The Internal Revenue Service is studying the results of its Direct File Pilot that was conducted in 12 states during the recently ended tax season. The IRS said this month expects to reach a decision this spring.

Thomson Reuters has introduced Checkpoint Edge with CoCounsel, a chabot assistant which adds GenAI capabilities to tax research.