Each year more than a few clients will say something to me along the lines of, “Well, the tax rules are pretty much the same as last year, right?”
Sometimes I smile; sometimes I laugh. This year, thanks to my friend and fellow tax professional Tony Johnson, a Lincoln, California, CPA, I can tell you just how much the tax code changes every year.
Tony says that since 2001, there have been at least 4,680 (!) changes in the tax code. That’s about one change per day for more than a dozen years.
No wonder it seems like most tax pros have all the work they can handle.