Tax preparers really thought this 12 months’s submitting season went just a little smoother than anticipated.
That’s the consensus from a current survey from the Nationwide Affiliation of Tax Professionals, which requested its greater than 23,000 members earlier than Tax Day what they believed their high challenges could be for the 2022 tax season. After the April 18 deadline, members had been as soon as once more requested the identical questions.
Respondents’ most important points for the season had been inaccurate reporting of financial funds and superior Little one Tax Credit score funds, not receiving consumer paperwork in a well timed method, incomplete paperwork and less-effective consumer communications.
Earlier than tax season, solely 13% of respondents thought this 12 months could be higher than tax season 2021. The post-season survey discovered that 24% of members felt the 2022 submitting season ran extra easily than the 2021 season.
Amongst different findings:
- Members thought IRS operations could be a difficulty earlier than tax season started, however the post-season survey confirmed that solely 46% felt this manner after the season, in contrast with 71% of the respondents in February.
- Safety become much less of an issue than anticipated, however staffing points had been worse than anticipated.
- The common respondent first started getting ready taxes virtually 40 years in the past.
Respondents plan to fight subsequent tax season by specializing in consumer administration, encouraging early submission of paperwork, stressing the significance of receiving all paperwork wanted, educating purchasers, and evaluating their consumer base and workload, the NATP added.
Different outcomes from the survey can be found on this NATP infographic.