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Tax Return Filings Worsen

irsThe 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.

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