Is the IRS Auditing More Wealthy Taxpayers?
June 24, 2022The Internal Revenue Service issued a statement that it is auditing tax returns for the highest-earning taxpayers much more aggressively than it has in the past decade. Reports on IRS auditing comes amid sharp criticism from Congress over lagging audit numbers. There seems to be a disconnect between the IRS reports and the Government Accountability… Read more »
2022 Tax Filing Season Recap and Tax Support
May 09, 2022The report, released on May 2, by the Treasury Inspector General for Tax Administration, found that backlog inventories left over from the 2021-22 filing season are larger than those in the 2020 filing season. More than 16.4 million individual tax returns, transactions and Accounts Management cases remained in inventory as of the end of calendar… Read more »
Treasury says be ready for frustration this tax season
January 18, 2022Frustrating Tax Season Ahead According to Treasury Department Be forewarned, the Treasury is warning of additional headaches this tax filing season. Taxpayers should be prepared for delays as returns and refunds are processed. There will be difficulties in reaching the IRS. The Treasury officials said funding cuts and staffing shortages due to the ongoing health… Read more »
