The IRS has faced harsh operational challenges from the pandemic. Reduced staff, closed IRS centers and delayed due dates for tax returns and reports resulted in a daunting backlog. The Treasury Inspector General for Tax Administration (TIGTA) recently assessed the impact of these issues on the IRS and businesses. By year-end 2020, nearly 8 million paper-filed business returns remained unprocessed (up from 239,285 at year-end 2019). Also, delayed mail processing and an overloaded payment system led to tax penalties being automatically charged in error. A key TIGTA recommendation for the IRS is to focus on correcting the penalty errors. Here’s the report: https://bit.ly/3jY5cVu Call or visit our website for more information! www.mjscpa.com/
