The Internal Revenue Service (IRS) recently reported an increase in its backlog of unprocessed paper tax returns. The increase is significant, as the IRS was already behind. Now, instead of moving forward and catching up, the federal agency is behind by an additional...
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Month: July 2022
How does the IRS find high-income non-filers?
The Treasure Inspector General for Tax Administration reports that the government has failed to collect over $37 billion in taxes from high-income non-filers. With numbers this high it is no surprise the Internal Revenue Service (IRS) is taking the issue seriously. In...
Will NY state authorities go after employers with out of state workers?
The pandemic came with a lot of negatives — but there were some positives, too. Families spent more time together and businesses ironed out their ability to function without needing all their workers in house. This led to increased flexibility and set the stage for a...
What tools can the IRS use when looking for tax cheats?
A recent study published by the Internal Revenue Service (IRS) found that taxpayers who make $420,000 or more fail to properly report up to 21% of every dollar of income on their tax returns. Some of this, the agency notes, is the result of an honest mistake but it...