E-Filing Lags behind Mandate


IRS estimates indicate about 60% of all tax forms will be electronically filed during 2008, far short of a 1998 congressional mandate of 80% by 2007. For a second year, the Service’s Electronic Tax Administration Advisory Committee recommended that Congress authorize the IRS to require e-filing by paid tax preparers who use tax software to prepare more than 50 individual returns per year.

ETAAC also urged the IRS to “strongly encourage” e-filing vendors to eliminate filing fees.

Source: The IRS Electronic Tax Administration Advisory Committee’s Annual Report to Congress, www.irs.gov.

PODCAST

What’s next for potential CPA licensure changes

A new model proposed by NASBA and the AICPA is designed with an eye on the future for newly licensed CPAs. The AICPA's Carl Mayes, CPA, provides background on the project and a look ahead to 2020.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.