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New Tax Bill
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rcooley25
Level 11
08-05-2022
06:06 PM
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What is your opinion of the new tax bill?
87000 new auditors?
With so many income tax returns now being standard deduction it would seem that we have less need of auditors and not more>
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sjrcpa
Level 15
08-05-2022
06:09 PM
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There are more tax returns than 1040s.
And 1040s have Schedule C businesses, Schedule F farms, Schedule E rentals. There's more to audit than itemized deductions.
Although I wish more money and effort would go taxpayer, and tax professional, services before audits.
The more I know, the more I don't know.
TaxGuyBill
Level 15
08-05-2022
07:47 PM
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@sjrcpa wrote:
Although I wish more money and effort would go taxpayer, and tax professional, services before audits.
In my opinion, it would be ideal if the 87,000 new auditors would audit from May through January, and do telephone help or other customer service from February through April. But I doubt that will happen.
