THE IRS has issued a warning for Americans to file taxes as soon as possible as this tax season could be quite complicated for many.
The quickest way to ensure you’ll get your refund in a timely manner, the agency said, is to file taxes electronically and as soon as you are able.
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Filing season kicked off today, and the IRS posted several updates to Twitter about the best and quickest ways to file.
“Use e-file with direct deposit to avoid delays caused by paper returns,” one update says.
The IRS is looking at a potentially difficult tax season that will likely bring complications and could lead to delays for many taxpayers.
The agency is dealing with a worker shortage while also having to make sure all stimulus checks and other pandemic related measures were sent out correctly – and it is currently dealing with a large backlog of unprocessed returns.
According to the Congressional Budget Office, the agency is currently dealing with a major staff shortage with about 20,000 fewer employees than it had in 2010.
The agency’s budget has also been cut to about 20 percent less than it was in 2010 when adjusted for inflation.
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On top of that, like many companies across the country, the IRS has had to deal with staff shortages and employees unable to work due to the ongoing pandemic.
In addition to staff shortages, the IRS also has a massive backlog of unprocessed returns from previous years.
In a recent report to Congress, National Taxpayer Advocate Erin Collins estimated that the IRS had a backlog of more than 8.6million unprocessed individual tax returns and 2.8million business returns as of mid-December.
In a typical year, the IRS usually enters tax filing season with less than 1million items to address.
“There is no way to sugarcoat the year 2021 in tax administration,” Collins wrote. “The year 2021 provided no shortage of taxpayer problems.”
HOW TO GET REFUNDS FAST
Taxpayers are also looking at more complicated returns this year as many will have to incorporate their monthly child tax credit payments and stimulus checks they received in 2021 into their returns.
This could lead to more errors on taxes and also more delays.
In order to get tax returns in 21 days, experts are urging Americans to file electronically as soon as possible with direct deposit.
Tax filing season officially kicked off today and will end on April 18.
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