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Accounting & Taxes

Taxpayer advocate: IRS again fails tax pros with PPS call answer rate

AICPA Tax Advisor - Wed, 2024-01-10 16:40
In an annual report to Congress, the national taxpayer advocate says the IRS should prioritize improving service on the practitioner priority service line, which had a 29% call answer rate.
Categories: Accounting & Taxes

IRS to begin accepting and processing 2023 tax returns on Jan. 29

AICPA Tax Advisor - Tue, 2024-01-09 08:05
IRS commissioner Danny Werfel promised “marked improvement” for the upcoming tax season, when almost 129 million individual tax returns are expected to be filed.
Categories: Accounting & Taxes

IRS collects record-setting $4.9T in total tax revenue in FY 2022

AICPA Tax Advisor - Thu, 2024-01-04 16:49
The Treasury Inspector General for Tax Administration said in its annual report that the total tax revenue collected from return filings was about $790 billion more than in FY 2021.
Categories: Accounting & Taxes

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