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The results for the tax season fell behind the 2015 results at a rate that has continued to weaken over the last four weeks. The number of returns for the season through April 8 dropped to 107,452,000, down 3 percent from 110,754,000 for the year earlier through April 10, 2015. The number processed dropped by 3.2 percent for the season to date to 104,527,000 returns, off from 108,000,000 from last year's corresponding period.
Results by the Internal Revenue Service were briefly ahead of the numbers for the 2015 tax season four weeks ago. But since then, each weekly report as fallen further behind.
The market for tax professional reached its weakest point since the weekly report for the period ended February 12 when the number of efilings for the group was 7.3 percent behind the prior season's total
The most recent weekly report found 57,006,000 returns efiled by tax professionals, off 5.0 percent for the corresponding period in 2015. Self-prepared totals stayed ahead of a year ago rising 2.3 percent to 41,725,000 million efiles. That was the weakest performance since the first report for the period ended February 5, up 2.2 percent.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind