CPAs and taxpayers urged to contact elected officials and push for passage of H.R. 5155
Based on multiple media reports, the U.S. Treasury and IRS are preparing for the worst this filing season.
According to a Jan. 10 Washington Post article, the Treasury warned of enormous challenges this tax filing season that will likely delay refunds.
Treasury Department officials told reporters they predict a “frustrating season” for taxpayers and tax preparers due to delays caused by the pandemic, years of budget cuts to the IRS, and federal stimulus measures that have added to the tax agency’s workload.