MAKES NO CENTS: Tax season is in full swing but refunds may not make it to you for some time
-filing season in a state of crisis as it grapples with a backlog of millions of unprocessed returns from one of the "most challenging years" for the agency.
"There is no way to sugarcoat the year 2021 in tax administration: From the perspective of tens of millions of taxpayers, it was horrendous," Collins, who leads the independent watchdog organization within the IRS, wrote in the report. She warned the processing delays could be "as bad, and potentially worse" this year.The difficulty this season – which officially begins Jan.
There are several reasons for the delays. The IRS was grappling with office closures as well as the herculean task of delivering millions of stimulus checks in 2020 and 2021, all while trying to adapt to major changes to the tax code in the middle of the filing season. The agency is also grossly understaffed; it has 20,000 fewer staff than it did in 2010, and its budget is roughly $11.
This year could bring about fresh challenges: Taxpayers will have to reflect the monthly child tax credit payments and the stimulus checks they received in 2021 on their returns, further complicating matters and increasing the likelihood of errors and delays in processing returns.
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