The IRS already faces a huge backlog of unprocessed returns, creating challenges as the new tax season begins.
Three-quarters of all Americans get an annual tax refund from the IRS, which often is a family's biggest check of the year. But with this tax season now open, taxpayers could see a repeat of last year's snarls in processing, when about Treasury Department officials warned on Monday that this year's tax seasonwith the IRS starting to process returns on January 24. That's largely due to the IRS' sizable backlog of returns from 2021.
"People may not realize the letter could be wrong, and what is the IRS doing to send out a follow-up communication to stop creating a bigger backlog in the coming season?" he said on a conference call to discuss tax professionals' concerns about the current tax season. Delays in processing tax returns count as one of the agency's most pressing problems, Collins said in her report, whichAlthough the IRS says most refunds will be sent within 21 days, experts warn that delays are likely, noting that the agency is still working through 2020 tax returns.
"Back in the old days, you'd wait 5-10 minutes and get an IRS agent on the phone," said Christian Cyr, a CPA and president and chief investment officer at Cyr Financial. But now, he said, his CPAs wait hours to speak with an IRS employee, with no guarantee of ever reaching one. About 10 million people filed paper returns last year, or about 7% of the 148 million returns filed in 2021, according to data from the Taxpayer Advocate Service. Tax experts urge people to join the roughly 138 million taxpayers who are already using e-filing.
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