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Deadline Watch: October 15th

crawling.jpgOne week until all is right with the entire world, tax preparers. Oh sure, maybe since partnership returns are now due on September 15th, the October deadline doesn’t have the same urgency as in years past but at the very least, it marks the official end to another tax season.
There are still plenty of you that are still slogging through 1040s though, so hang in there. If you’ve got any last minute meltdowns or clients that are giving you serious heartburn, let us know or discuss in the comments.
The rest of you, commence schadenfreude. Unless you like the week leading up to a deadline. Sickos.

SHOCKER: Volunteer Tax Preparers Have High Error Rates

Forty-one percent per a Treasury Inspector General for Tax Administration report. Luckily, the TIGTA has suggestions:

TIGTA recommended that the IRS analyze the accuracy of returns prepared at individual volunteer sites to identify patterns and concerns on which to focus education, training and accountability. The report also suggested that the IRS improve the intake sheet that is used at the start of the tax prep process to include questions based on new tax laws and filing status, and improve the reviews of intake sheets and returns completed at volunteer sites.

The TIGTA anonymously sent auditors to volunteer testing sites which seems pretty unfair. If those sneaky bastards had reviewed the tax returns instead of Monday morning quarterbacking the volunteers maybe there would’ve been less mistakes. Just a thought.

Volunteer Tax Preparers Have High Error Rates [Web CPA]