- Taxpayers who filed a 2019 paper return may be in for a long wait.
To prevent the decimation of its ranks, the IRS had to suspend the processing of paper returns. As of May 16, it had a backlog of 4.7 million returns. There were more waiting in mail facilities. The catch-up has begun, but it’s still not up to speed. - Some taxpayers whose returns were mistakenly flagged by filters are also in for long waits.
All tax returns pass through fraud and identity theft filters, but the false positive rate is more than 50 percent. Many are inevitably for Earned Income Tax Credit or Additional Child Tax Credit, both of which often represent a substantial part of family incomes. Flagged filers are asked to submit documentation. Trouble is, there are no agents to check the docs. The IRS will get to this deluge of docs when it gets to it, which will not be soon. ...
For business consultation, please contact us