Following intensive work during the past several months, the Internal Revenue Service announced
\ntoday that processing on a key group of individual tax returns filed during 2021 will be completed
\nby the end of this week.<\/p>\n
Due to issues related to the pandemic and staffing limitations, the IRS began 2022 with a larger
\nthan usual inventory of paper tax returns and correspondence filed during 2021. The IRS took a
\nnumber of steps to address this, and the agency is on track to complete processing of originally
\nfiled Form 1040 (individual tax returns without errors) received in 2021 this week.<\/p>\n
Business paper returns filed in 2021 will follow shortly after. The IRS continues to work on the few
\nremaining 2021 individual tax returns that have processing issues or require additional information
\nfrom the taxpayer.<\/p>\n
As of June 10, the IRS had processed more than 4.5 million of the more than 4.7 million individual
\npaper tax returns received in 2021. The IRS has also successfully processed the vast majority of tax
\nreturns filed this year: More than 143 million returns have been processed overall, with almost 98
\nmillion refunds worth more than $298 billion being issued.<\/p>\n
IRS employees continue working hard to process these and other tax returns filed in the order
\nreceived. The IRS continues to receive current and prior-year individual returns and related
\ncorrespondence as people file extensions, amended returns and a variety of business tax returns.<\/p>\n
To date, more than twice as many returns await processing compared to a typical year at this
\npoint in the calendar year, although the IRS has worked through almost a million more returns to
\ndate than it had at this time last year. And a greater percentage of this year\u2019s inventory awaiting
\nprocessing is comprised of original returns which, generally, take less time to process than
\namended returns.<\/p>\n
To work to address the unprocessed inventory by the end of this year, the IRS has taken
\naggressive, unprecedented steps to accelerate this important processing work while maintaining
\naccuracy. This effort included significant, ongoing overtime for staff throughout 2022, creating
\nspecial teams of employees focused solely on processing aged inventory, and expediting hiring of
\nthousands of new workers and contractors to help with this ongoing effort.<\/p>\n
Additionally, the IRS has greatly improved the process for taxpayers whose paper and
\nelectronically filed returns were suspended during processing for manual review and correction \u2013
\nreferred to as error resolution. Last filing season, an IRS tax examiner could correct an average of
\n70 tax returns with errors per hour. Thanks to new technology implemented this filing season, 180
\nto 240 returns can now be corrected per hour. As of June 12, 2021, there were 8.9 million tax
\nreturns in error resolution. As of June 10, 2022, there were just 360,000 returns awaiting
\ncorrection.<\/p>\n
The IRS will continue its intense effort to make progress on processing these paper returns in the
\nmonths ahead.<\/p>\n
\u201cIRS employees have been working tirelessly to process these tax returns as quickly as possible
\nand help people who are waiting on refunds or resolution of an account issue,\u201d said IRS
\nCommissioner Chuck Rettig. \u201cCompleting the individual returns filed last year with no errors is a
\nmajor milestone, but there is still work to do. We remain focused on doing everything possible to
\nexpedite processing of these tax returns, and we continue to add more people to this effort as our
\nhiring efforts continue this summer.\u201d<\/p>\n
Rettig emphasized that adding sustained funding increases for the IRS will help the agency add
\nmore employees to process tax returns and answer phones as well as help improve technology
\nand ensure fair enforcement of the tax laws.<\/p>\n
\u201cTaxpayers and tax professionals deserve the absolute highest-quality service from the nation\u2019s
\ntax system,\u201d Rettig said. \u201cLong-term and consistent funding for the agency is critical to ensuring
\nthe IRS is prepared for future tax seasons. It\u2019s also critical for the IRS to be ready to answer the call
\nfor the nation during the next crisis, just as the agency did delivering three rounds of historic
\nstimulus payments and advance Child Tax Credit payments during the pandemic.\u201d<\/p>\n
The IRS reminds millions of taxpayers who have not yet filed their 2021 tax returns this year \u2013
\nincluding those who requested an extension until October 17 \u2013 to make sure they file their returns
\nelectronically with direct deposit to avoid delays. People who use e-file avoid the delays facing
\nthose who file paper returns; e-filed returns with no errors are typically processed in 21 days.<\/p>\n
The IRS also urges people to file as soon as they are ready. There is no need to wait until the last
\nminute before the October 17 extension deadline. Filing sooner avoids potential delays for
\ntaxpayers, and it also assists the larger ongoing IRS efforts to complete processing tax returns this
\nyear.<\/p>\n
Additional details on processing and other operations are available on a special page on IRS.gov<\/p>\n","protected":false},"excerpt":{"rendered":"
Following intensive work during the past several months, the Internal Revenue Service announced today that processing on a key group of individual tax returns filed during 2021 will be completed by the end of this week. Due to issues related to the pandemic and staffing limitations, the IRS began 2022 with a larger than usual […]<\/p>\n","protected":false},"author":1,"featured_media":11098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sin-categoria"],"acf":[],"yoast_head":"\n