"

Estimated reading time: 1 minute, 36 seconds

Pros Bring Efiling Ahead of 2020

Efiled returns from paid preparers increased their pace over 2020 tax season results while efiles from do-it-yourselfers failed to gain on last year’s total. That summarize the statistics the Internal Revenue released for the season through April 30, compared to the period ending May 1, 202

The pro efiles pulled total efiles slightly above the 2020 totals for the first time this season. There were 113,617,000 efiles received for the period reported this year, up .4 percent from 113,110,000 ago. There has been one major development in the assisted preparation market this year—Intuit’s entry into the full assisted market this tax season and its hiring of thousands of preparers. However the company has not yet released any statistics about its returns business this season.

Total returns received remained 3.5 percent behind last year’s comparable period, falling to 121,168,000 from 125,474,000.

Tax professionals had submitted 61,282,000 efiles as of April 30, an increase of 7.6 percent over 56,965,000 ago. There were 52,335,000 self-prepared returns received, a drop of 6.8 percent from 81,485,000 -a year ago. In the reports for the period ended April 23, the tax professional total was up  5.4 percent over a year earlier.

The IRS has issued 81,485,000 refunds to date, off 5.8 percent from 86,471,000 a year ago.

Bob Scott
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
Read 1781 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Text Color

Header

Background Color

Footer

Select menu
Google Font
Body Font-size
Body Font-family
Direction
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.