How is the IRS progressing through its tax return processing backlog? As of Aug. 19, the IRS reports that it had 8.7 million unprocessed individual tax returns received in calendar year 2022. Among the returns are 1.7 million that contain errors or require special handling, while 7 million are paper returns that still must be processed. The IRS recently provided penalty relief to both individuals and businesses who missed the filing deadlines for certain 2019 and/or 2020 tax and information returns. In addition to helping taxpayers negatively affected by the COVID-19 pandemic, the penalty relief will allow the IRS to focus on processing backlogged tax returns and taxpayer correspondence. Call or visit our website for more information! www.mjscpa.com/
