Thursday, October 23, 2014
Tax Refund Size Increased This Year
The report, from the Treasury Inspector General for Tax Administration, found that the IRS managed to function well this past tax season, despite a two-week delay as a result of the government shutdown last fall.
TIGTA found that as of May 2, 2014, the IRS received more than 135.5 million tax returns, up from the more than 133.8 million tax returns that were filed during the same period in 2013. More than 117 million (86.4 percent) were electronically filed, up 2.9 percent from the more than 113.6 million that were e-filed in 2013.
To read full article, click here.
Source: Michael Cohn (www.accountingtoday.com)
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