February 12 marks the start of the 2021 U.S. tax filing season. William Hoffman: I've been writing tax return filing season coverage at Tax Notes for almost 10 years and this year I wanted to do something different. Given the IRS's disappointing history with technology and long lines, are you worried about the agency's ability to receive approximately 40 million tax returns in one day? I think that the vast majority of taxpayers that have simple tax returns are going to have a fairly routine exercise. Phyllis, you and many other tax professionals have noted to me how important IRS and state tax conformity is harmonizing deadlines, tax forms, regulations, United States tax law, and how important that is to tax practitioners practices during filing season.

Source: Forbes February 17, 2021 16:18 UTC