For taxpayers still waiting on refunds for 2020 and 2021, you may be waiting a lot longer! Janet Yellen, our US Treasury Secretary reported on June 7th that IRS is very understaffed using antiquated technology and is behind on processing 10.2 million individual returns.
This means that paper returns are waiting for review and processing, amended returns are waiting and notices are still being processed but the taxpayer and tax professionals have significant difficulties reaching IRS personnel by phone to discuss notices or errors on returns processed by IRS. This is a very frustrating time for all involved.
For more information, take a look at the Reuters article "U.S. IRS 'under siege', Yellen says, needs $80 bln to beef up tax work".
For more information, take a look at the Reuters article "U.S. IRS 'under siege', Yellen says, needs $80 bln to beef up tax work".
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