The IRS has a paper problem, according to one report. The Treasury Inspector General for Tax Administration (TIGTA) report noted that the “IRS has difficulty locating and timely retrieving some paper tax records.” In 2019, 17.5 million paper tax returns were filed, plus, many IRS forms can’t be filed electronically, which means the IRS must devote significant resources to maintaining these records. After reviewing a sample, TIGTA concluded that, if requested, the IRS may be unable to timely produce a large number of files. “It is critical that the IRS has systems and processes to control, locate, and retrieve tax records,” said TIGTA. Here’s the report: https://bit.ly/32R9vZS Call or visit our website for more information! www.mjscpa.com/
