IRS had a backlog of nearly 8 million paper business tax returns in 2020 due to pandemic

  • 📰 CNBC
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The backlog was a 3,230% increase relative to the end of 2019, according to a report issued Tuesday by a Treasury Department watchdog.

The Covid pandemic caused a backlog of almost 8 million paper-filed business tax returns at the end of 2020, according to the Treasury Inspector General for Tax Administration.The IRS had reduced that backlog to 291,000 by July 2021, according to an IRS official.

The delays are largely a result of "unprecedented and drastic actions" the IRS took to protect employees and taxpayers during the Covid-19 pandemic, the report said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

My name is Anthony C Omisore, I am a registered Democrat I am writing to get help with the IRS and SBA. My 2019 tax returns have been processing since 2020 and it has affected my EIDL application. Can you please help me?

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How The Tory Burch Foundation Is Supporting Women Business Owners Amid The Pandemic“The monetary value, it’s the icing on the cake. But it’s really about the access to people.” Good initiative
Source: Forbes - 🏆 394. / 53 Read more »

How The Tory Burch Foundation Is Supporting Women Business Owners Amid The Pandemic“The monetary value, it’s the icing on the cake. But it’s really about the access to people.” Hello Ladies, Go Red 🔥 Go
Source: Forbes - 🏆 394. / 53 Read more »