Estimated reading time: 1 minute, 30 seconds

Pro Efiles Soar in Latest Tax Season Report

The 2021 tax season is taking on a new character as efiles from paid preparers continue to grow over the year-ago period.  After being 7.6-percent ahead of the 2020-pace in the prior report from the Internal Revenue Service, the total for the period, ended May 7, 2021, was 10.6 percent over the period ended May 8, 2020.

With Intuit scheduled to report statistics for the third quarter ended May 25, the reason for the new-found strength of the pro preparer market will likely emerge. The likely factor is Intuit’s entry into fully assisted tax preparation this year.

Whatever the reason, there 126,777,000 returns filed as of the last report, down 1.1 percent from 128,204,000 year earlier.

The professional contribution brought the total efiles for the season to date to 118,664,000, a 2.6-percent increase from 118,664,000 in last year’s corresponding period. Paid preparers submitted 64,425,000 efiles this year, compared to 58,228,000 a year ago. There were 84,840,000 self-prepared efiles for the latest reported period, down 5.6 percent  from 57,468,000.

The 84,840,000 refunds issued during the current season were 3.2-percent lower than 87,663,000 a year earlier.

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 889 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
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.