The IRS is swamped with a backlog of unprocessed returns, according to a recent report. The Treasury Inspector General for Tax Administration (TIGTA) report stressed that the IRS’s ability to resolve the backlog “could be affected by the need to divert resources to issue additional Economic Impact Payments or an unforeseen closure of IRS Tax Processing Centers due to the pandemic.” The TIGTA audit found that at the end of 2020, the IRS had more than 11.7 million paper-filed individual and business returns that required processing. To read the report: https://bit.ly/39ycz0c Call or visit our website for more information! www.mjscpa.com/
