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'The worst': Tax professionals sound off on the 2020 tax filing season


The worst : Tax professionals sound off on the 2020 tax filing season
CNN
1 hr ago
© Provided by CNN
It s very hard to win a game when the rules keep changing as you re playing.
That in a nutshell describes what accountants and other tax preparers have been dealing with at the federal and state levels as they try to complete their clients 2020 tax returns accurately and on time.
This has been my worst tax season in 30 years of practice, said certified public accountant Harlan Levinson of Beverly Hills, California. So many hurdles have been thrown at us this year.
Deadline extensions, new retroactive tax breaks, new guidance and then revised guidance on how to incorporate all the changes have been rolling out ever since the American Rescue Plan was signed into law on March 11, which came a month after the tax filing season began and after 66 million returns had already been filed. ....

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