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According to Accounting Today, the IRS destroyed about 30 M paper-filed information returns in March 2021 due to its inability to process them.

Questions:

  1. What does the IRS typically use the information returns for?
  2. Since 2014, what has been the overall percentage increase of business tax returns that are e-filed?
  3. 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?

Source:

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)