According to Erin M. Collins, National Taxpayer Advocate, the IRS is currently “drowning in paper”. “As of late December 2021, there was a backlog of 6 million original paper individual returns, 2.3 million amended individual returns, 2 million Forms 941 and 941X, and approximately 5 million items of taxpayer correspondence”. ” All told, the IRS took an average of 199 days during 2021 to process the 6.2 million taxpayer responses to proposed tax adjustments. In fiscal 2019, that average time was 74 days”. ” To its credit, however, the IRS deployed new programs mandated by Congress, issuing 478 million economic impact payments totaling $812 billion and over $93 billion in advance child tax credits to more than 36 million families, Collins noted. Moreover, it did so while its workforce was 17% lower than in fiscal 2010″.
November 21, 2023
Be patient with the IRS this tax season
Related Posts
- Preparing For And Filing Your 2025 Taxes
If you earn tips at work, a new federal tax law may significantly reduce your tax bill — but …
- Preparing For And Filing Your 2025 Taxes, Uncategorized
If you earned overtime pay, a new federal tax law may reduce your tax bill — but only if …
- Preparing For And Filing Your 2025 Taxes
✅ Retirement Income & Accounts ☐ Review RMD calculations and withdrawals ☐ Confirm correct withholding on distributions ☐ Evaluate …