The services of the Internal Revenue Service (IRS) are already challenged by a processing backlog of millions of as-yet unprocessed returns from the previous tax year. Without sufficient funding, the IRS struggles to fulfill its primary mandate in addition to pandemic-related stimulus projects it has undertaken in the past two years. According to The Washington Post, the agency can afford about the same number of employees as it had in 1970—a shameful statement of an agency that is at the forefront of the United States Treasury.
At present, Tax Day is Monday, April 18, 2022. The IRS urges taxpayers to E-file and make use of direct pay or direct deposit, modes that allow returns to processed quickly, as well as reduce further backlog of paper-based tax returns. With that in mind, here are some tips to keep in mind as you put together your taxes this year:
If you are using a new tax preparer this year, now is the time to be choosy. Preparing and filing fraudulent tax returns is a long-time scam for fraudsters. If you do not carefully review a return prepared for you, you may later be held responsible for a false tax return, even though you may not have noticed the subterfuge. If you sign it—you own it. If you have questions about compliance on individual and corporate tax filings, speak with a reputable tax attorney before you file.
From offices in Chicago and Cleveland, the tax group at Robert J. Fedor, Esq., LLC helps individuals and entities nationwide respond to allegations of criminal tax fraud, IRS audits, and other tax issues. When you need responsive, legal advice locally or abroad, contact us or call 800-579-0997.