While tax season 2025 isn’t exactly off to a roaring start, a few IRS filing numbers help illustrate the situation better. As of March 7, 2025, the IRS had received 62.76 million individual tax returns—2.1% fewer than the same period last year...
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Essential Tax Matters for Preparers in 2025
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Subscribe19 MAR 2025 / ACCOUNTING & TAXES
The IRS had received 2.1% fewer tax returns by March 7, 2025, than the same period last year. As tax professionals approach the April 15 filing deadline, greater focus is required on major concerns including foreign account compliance, beneficial ownership reporting, and disaster-related extensions, in order to prevent possible pitfalls and unnecessary IRS complications.
While tax season 2025 isn’t exactly off to a roaring start, a few IRS filing numbers help illustrate the situation better. As of March 7, 2025, the IRS had received 62.76 million individual tax returns—2.1% fewer than the same period last year...
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