According to Accounting Today, the IRS destroyed about 30 M paper-filed information returns in March 2021 due to its inability to process them.
- What does the IRS typically use the information returns for?
- Since 2014, what has been the overall percentage increase of business tax returns that are e-filed?
- In 2018, what was the difference in the amount reported by the Treasury Inspector General for Tax Administration (TIGTA) for processing spent for paper filings versus electronic filings?
Cohn, M. (2022). IRS destroyed 30M paper information returns due to backlog. Accounting Today, May 9 (Retrievable online at https://www.accountingtoday.com/news/irs-destroyed-30m-paper-information-returns-due-to-backlog)