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IRS Sees Fewer Electronic Filings


JRS

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"one company that services small CPA firms is seeing a 149 percent increase in filings.

However, one company that services small CPA firms is seeing a 149 percent increase in filings. CCH Small Firm Services claims that it accounted for nearly one in five of the more than 11 million tax returns already filed with the IRS by tax professionals."

Full article:

http://www.webcpa.com/article.cfm?articleid=30693

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I wonder how much of the delay is due to the massive ice storm? I know some towns are still without power today, and I know some people are looking for preparers in other towns, so that they can get their taxes done now. It was a wide storm, with lots of areas affected.

As for the free filers cutting into business, there will be some, of course. But the same trends pushing some to 'save money', are the same things that will drive others to a professional for the first time. Foreclosures, for example. NOL's, as well. Two sides to every issue.

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