IRS Delays Continue
As many of you are aware, the IRS is extremely behind in virtually all aspects since the pandemic started in 2020. Per the IRS website, here is a summary of how significant the backlog currently is.
As of June 10, 2022
- More than 11 million individual tax returns have not been processed
- Over 2.1 amended tax returns remain unprocessed
- Over 3.7 million unprocessed Form 941’s (Employer’s Quarterly Federal Tax Returns)
- IRS Notices/Correspondence replies are being handled on a “first-come, first-served basis”, but no specific time frame is being given to when these will be processed.
Needless to say, the IRS is still very behind.
If you or your business receive any sort of correspondence from the IRS, bring it to our staff to review first before responding/sending a check! Our staff is well equipped to help you review what is being requested by the IRS and to work with you to determine the best course of action.
As always, we are thankful for your business and are committed to helping you work through these delays. Enjoy your summer!
Reminder: Our office is closed on Fridays during the summer, but we are open during regular business hours (8 am-5 pm), Monday-Thursday.