Tax Day was Monday for most individual taxpayers—remember that some taxpayers filed for, or were eligible for, automatic extensions. It marked the end of a difficult season for taxpayers and tax professionals alike. Here’s some of what we learned.
1. The one thing we can count on is change.
It’s not just you: Even the IRS has labeled the past year as “an unpredictable year with many changes and challenges.” As a result, the tax filing season, which usually kicks off in January, didn’t open until mid-February. At the time, IRS Commissioner Charles Rettig signaled that it would be ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.