The Internal Revenue Service announced that as of April 1, some 52 million returns had been filed electronically, 7 percent above last year's e-filing pace. Overall, 65 percent of all returns were e-filed -- up from 60 percent for the same period last year. The service also reported that roughly 4 million returns have been filed via the Free File program -- up 44 percent from the year-ago figures. "As we get deeper into the tax filing season, the percent difference between how many people are using e-file and how many used it last year keeps going up," said IRS Commissioner Mark W. Everson. "This shapes up as a really strong year. Taxpayers who haven't filed yet should check into e-file and Free File." The IRS also said that 42 million refunds have been paid through direct deposit, up 5.7 percent for the same time last year.
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Big Four firm KPMG is eliminating approximately 100 partners in its U.S. audit and assurance practice, after not enough of them accepted an early retirement program.
April 24 -
The Taxpayer Advocacy Panel issued its annual report calling for improvements and greater clarity in notices, forms and publications after a year of turbulence.
April 24 -
The survey window for our "Wealth Magnets" annual ranking of the top CPA financial planners by assets under management is now open.
April 24 -
Plus, Gusto announces 75 new features; Infinite Ties launches new FanCAS-Kit; and other accounting tech news and updates.
April 24 -
CohnReznick opens seventh California office and adds international tax partner; Aprio appoints real estate industry leader; and more news from across the profession.
April 24 -
Tech-forward CPA firms have found that effective vendor vetting requires a systemic and intentional approach grounded not in wishful thinking but concrete business needs.
April 24







