IRS Failure Reaches Excruciating New Low
(DailyDig.com) – The Internal Revenue Service (IRS) has been struggling to keep up with its workload since the onset of the COVID-19 pandemic. As a result, the agency is still processing returns it received in 2021 — for 2020’s tax year. The IRS is experiencing a serious amount of backlog, bogging down its system and leaving Americans with questions. The agency asserted it hopes to have 2021’s returns completely filed and processed by the end of the week.
The Internal Revenue Service announced on Tuesday it will have completed processing all original individual tax returns received in 2021 by the end of the week. https://t.co/4MLDYjsjFI
— CBS News (@CBSNews) June 21, 2022
With the IRS failing to have all taxes processed, it’s likely some people are still waiting on their refunds. Taxpayers who are still expecting money from their 2021 returns might have to wait a while longer, as IRS has admitted files are already beginning to back up again.
The fact that IRS began its 2022 tax season with over eight million returns to process from 2021’s season means it got off to a late start at the outset of this year’s work. Still, the milestone shows the agency is heading in the right direction, which is good for families looking forward to receiving a windfall, especially right now, with inflation driving the prices on everything through the roof.
Will the IRS be able to catch up completely by the end of the tax season, or will it start next year’s work with a whole new backlog?
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