The tax season of 2022 has been quite chaotic for the Internal Revenue Service due the “significant challenges,” including staffing shortages and backlogs of tax returns. Because of the pandemic, the IRS faced an unprecedented amount of work during the 2021 filing season. The agency started this year with a backlog of more than 8.4…
IRS Battling Backlogs Caused by Pandemic Relief Payments, Staff Shortage
May 9, 2022
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Amgen Says IRS Seeks Another $5.1 Billion in Back Taxes
Amgen Inc on Wednesday said the U.S. Internal Revenue Service (IRS) is seeking additional back taxes of $5.1 billion, plus interest and penalties, related to the drugmaker’s 2013 to 2015 accounting for profits between the United States and Puerto Rico, the location of most of its manufacturing operations. Shares of Amgen, which also reported higher…
As Tax Deadline Arrives, IRS Still Has Millions of Unprocessed Returns From Last Year
The last weekend for Americans to file their taxes before the Monday deadline is here, but the Internal Revenue Service still faces major backlogs for individual and business filings. IRS Commissioner Charles Rettig testified before Congress last month, promising to clear through the 20 million unprocessed 2021 tax returns by the end of 2022. He…
Crapo Says Biden Funding Huge Boost to IRS Enforcement, Ignores Tax Agency Backlogs
President Joe Biden’s proposed 2023 budget for the Internal Revenue Service (IRS) funds more taxpayer audits when millions of tax returns sit unprocessed, and customers calling the agency for help face long delays, according to Sen. Mike Crapo (R-Idaho). “For the third filing season in a row, taxpayers confront vexing customer service challenges as they…
IRS Five Times More Likely to Audit Low-Income Filers Than All Others, Including Top 1 Percent: Watchdog
Internal Revenue Service (IRS) officials audit returns of taxpayers making $25,000 or less at a much higher rate than for all other income earners, including those in the top 1 percent who President Joe Biden claims pay nothing, according to a nonprofit government watchdog. “So far, it has completed 132,922 audits of these low-income wage…
IRS Gave Stimulus Money to Dead People, Even After Error Was Identified: Audit
The Internal Revenue Service (IRS) erroneously paid some $64 million to deceased individuals, even after a computer error was identified, according to a watchdog report. The American Rescue Plan Act, signed by President Joe Biden on March 11, 2021, created a fund for stimulus payments of up to $1,400 to many Americans. The IRS sent some 44,900 such…
IRS Investigators Find Nearly $2 Billion in COVID-19 Stimulus-Related Fraud
Agents of the Internal Revenue Service (IRS) investigated 660 cases of alleged fraud connected to COVID-19 stimulus funds and found more than $1.8 billion over the past two years, according to investigational data made public on Wednesday. “These cases included a broad range of criminal activity, including fraudulently obtained loans, credits and payments meant for American workers,…
IRS Plans to Hire 10,000 Workers to Relieve Massive Backlog
WASHINGTON—The IRS said Thursday it plans to hire 10,000 new workers to help reduce a massive backlog that the government says will make this tax season the most challenging in history. The agency released a plan to work down the tens of millions of filings that includes speeding up the traditionally slow hiring process, relying…
Privacy Advocates Push for Government-Wide Facial Recognition Restrictions
After a recent successful campaign for the Internal Revenue Service (IRS) to dump its facial recognition program, privacy activists are now turning their attention to other agencies that use the technology. Reports last month of IRS requirements for taxpayers to upload selfies for an identity verification program run through ID.me prompted immediate backlash from public…
Sen. Hagerty Submits Bill to Undo ‘Intrusive’ Venmo, CashApp IRS-Reporting Provision
Sen. Bill Hagerty (R-Tenn.) has introduced a bill that would strike down a provision of Democrats American Rescue Plan (ARP) spending bill that requires third-party payment processors like Venmo and CashApp to report transactions of more than $600 to the IRS. The ARP was passed just weeks after President Joe Biden took office, making it…
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