CCH and CCH Small Firm Services Report Record E-filing Tax Season Transmitting More Than 36 Million Returns
RIVERWOODS, Ill., May 29, 2012 /PRNewswire/ -- More electronically filed tax returns were processed this tax season by CCH electronic filing platforms than ever before. Those e-filing platforms, which electronically transmit returns generated by CCH's ProSystem fx® Tax, and Global fx® and CCH Small Firm Services' TaxWise® and ATX™, transmitted more than 36 million returns to the IRS, for CCH's strongest e-filing tax season ever. CCH, a Wolters Kluwer business (CCH) is a leading global provider of tax, accounting and audit information, software and services (CCHGroup.com). CCH Small Firm Services (CCH SFS) supports 45,000 small professional firms in the United States and Puerto Rico (CCHSFS.com). CCH and CCH SFS are part of the Wolters Kluwer Tax & Accounting division.
"Our overall performance during tax season was extremely strong," said Kevin Robert, Wolters Kluwer Tax & Accounting CEO. "The ability to handle over 36 million transmitted returns speaks volumes about CCH's support for firms of all sizes, from the smallest to the largest, with software and electronic filing services to help increase our customers' productivity and advance their business."
The latest IRS tax season filing figures show more than 111 million returns were e-filed, up 6 percent from last year. CCH's electronic filing platforms combined transmitted more than one-third of all e-filed returns. Here's a look at the numbers: 12.3 million total returns were transmitted via CCH solutions, including 7.1 million federal and 5.2 million state returns. And 24.1 million total returns were transmitted via CCH SFS solutions, including 13.1 million federal, 9.9 million state and 1.1 million business returns.
Stepping Up in Crunch Time
On the last two days of the 2011 tax season, CCH's electronic filing platforms transmitted more than one million state and federal tax returns to the IRS. CCH's hourly volume on deadline day reached new heights for six consecutive hours, with more than 100,000 state and federal returns processed every hour. That translates to peak volume processing of more than 1,667 returns processed every minute and more than 28 returns processed every second.
"CCH's tax solutions are unmatched in efficiency, accuracy and completeness," said CCH President & CEO Mike Sabbatis. "Our solutions are the most comprehensive in the profession, easily processing all types of federal and state returns, and our electronic filing services help increase our customers' productivity. This is proven by our very strong e-filing numbers for the 2011 tax season."
Also during the last two days of tax season, CCH SFS electronic filing platforms transmitted slightly more than 800,000 tax returns. In the 48 hours before deadline, the number of e-filed returns transmitted by SFS amounted to more than 16,700 returns processed every hour and about 279 returns processed every minute.
"The volume of electronically filed tax returns is growing industry wide. We identified this trend early on and proactively updated our systems to support two e-file platforms and increased volume," noted Jeff Gramlich, President of CCH Small Firm Services. "For us, the results have been clear. Our combination of technology and well-developed tax software enabled us to process one out of every six professionally prepared e-filed individual returns this season. We were confident our systems could handle this kind of volume, and we are very pleased that our hard work and planning paid off for us and our customers."
For More Information
For more information on the latest, advanced tax processing solutions from CCH and CCH SFS, please click on the following web links, or call the numbers below.
- CCH ProSystem fx Tax, the award-winning tax compliance and preparation solution. Information line: 1-800-PFX-9998 (1-800-739-9998);
- CCH Global fx, the 24/7 web-based access to ProSystem fx. Information line: 1-800-PFX-9998 (1-800-739-9998);
- TaxWise® from CCH SFS; offering a full line of powerful yet easy-to-use software programs and customized packages – meeting the customized needs of tax and accounting professionals. Information line: 1-866-345-4171; and
- ATX™ from CCH SFS; committed to helping individual tax professionals as well as small and mid-size tax preparation firms meet their diverse needs and challenges. Information line: 1-866-345-4172.
About CCH Small Firm Services
CCH Small Firm Services (CCH SFS), a Wolters Kluwer business, is a provider of tax and accounting software solutions, research products and training to 45,000 small professional firms throughout the United States and Puerto Rico. SFS offers both the ATX™ and TaxWise® product lines. SFS also provides tax software to the Internal Revenue Service for use at volunteer tax assistance sites. SFS, formed in 2006 following the acquisitions of TaxWise and ATX by Wolters Kluwer, is part of Wolters Kluwer Tax and Accounting. For more information, visit www.cchsfs.com.
About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (CCHGroup.com) is a leading global provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Among its market-leading solutions are The ProSystem fx® Suite, CorpSystem®, CCH® IntelliConnect®, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill. Follow us now on Twitter @CCHMediaHelp. Wolters Kluwer (www.wolterskluwer.com) is a market-leading global information services company. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
SOURCE CCH, a Wolters Kluwer business