With a week to go for taxpayers to file their 2021 returns before facing fines and penalties, it appears that it will be the IRS that will have to cough up billions for delays.
The tax agency last year forked over more than $3 billion in interest on late refunds and paid $177 million in overtime because it was short-staffed, a 103% increase over the 2020 tax season, according to a damning new audit.
Over 74 pages, the GAO listed several major problems that directly affect taxpayers, from unanswered phones to late tax refunds. As a result, the government, and by extension taxpayers, will again have to pay the price both in delays this year and in interest payments for those delays.
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