E-Filing Up to 30 Percent
While the numbers show that most professional tax return preparers use computers to prepare tax returns but still give their clients a paper tax return to mail to the IRS, the tide is shifting, and this year 39.4 million tax returns - approximately 30% of all returns expected to be filed - were filed electronically. This news makes the folks at the IRS happy, since they are trying to meet a goal mandated by Congress that 80 percent of taxpayers use electronic tax filing by 2007.
Other statistics for this filing season, according to the IRS, include:
- 109.5 million federal income tax returns have been filed so far, down 3.7 percent from last year.
- 39.4 million federal income tax returns have been filed electronically, up 13 percent from last year.
- It is anticipated that the IRS will issue 72.8 million tax refunds this year at an average of $1,714 per refund. This quantity is down .2 percent from last year.
- The IRS Web site showed a 100 percent increase in tax forms downloaded and recorded 1.5 billion visits this spring.
- The IRS answered more than 59 million phone calls this spring, up 16 percent from last year.
- The IRS claims to have answered tax law questions correctly 78 percent of the time.
- 83 million tax returns have been processed to date.
Email sign-up
Voice of the Editor
Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?
ADVERTISEMENT
This Week on AccountingWEB
Bill Walter of Gross, Mendelsohn & Associates and Harold Gaar of TravisWolff LLP weigh in on mobile technology use while employees are at work.
WestArk RSVP and Fayette County Community Action Agency – organizations that received grant funding through the IRS Tax Counseling for the Elderly (TCE) program – spoke with AccountingWEB about how they assist senior citizens in their communities.
CPA Robert Raiola, who heads the Sports & Entertainment Group of Fazio, Mannuzza, Roche, Tankel, LaPilusa, LLC, talks NFL player income taxes with AccountingWEB.
Retiring KPMG Centennial Professor of Accounting at the University of Texas at Austin McCombs School of Business Robert May, PhD talks with AccountingWEB about his rewarding forty-three-year career.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT


