The Treasury Inspector General for Tax Administration (TIGTA) reports that unprocessed tax returns will continue to plague the IRS. “Inventory backlogs from the 2020 filing season continued to affect the IRS’s ability to provide timely service to taxpayers in the 2021 filing season,” TIGTA said. Auditors also examined the outcome of the IRS’s decision to allow taxpayers to use prior year earned income when claiming the Earned Income Tax Credit (EITC). “TIGTA found that the IRS correctly allowed credits for 2.2 million EITC claims totaling more than $7.6 billion,” the audit said. However, it found problems related to the EITC in 14,000 cases. To read the audit: https://bit.ly/37C0SYb Call or visit our website for more information! https://bit.ly/2ipVUBx
