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The IRS has provided guidance on how taxpayers in some states should handle special tax refunds or payments sent to households in 2022 as a way to deal with soaring inflation, ongoing COVID-19...
The Individual Master File (IMF) is the system currently used by the United States Internal Revenue Service (IRS) to store and process tax submissions and used as the main data input to process the IRS's transactions.
IRS employees answered over 10 million fewer calls compared with the year prior, but the percentage of calls answered jumped slightly from 11% in 2021 to 13% in 2022.
On November 22, the Supreme Court ruled that the IRS could release the tax returns to the House Ways and Means committee. [16] On November 30, the Treasury Department sent six years of tax returns to the committee. [17] On December 20, 2022, the House Ways and Means committee voted to release Trump's tax returns publicly. [87]
Going into 2022. The IRS is already behind going into the 2022 tax-filing season, the report noted. The agency has a backlog of 6 million unprocessed original individual returns, 2.3 million ...
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.
An estimated 160 million tax returns are expected to be filed this year, according to the IRS, and so far, the tax season has been running smoothly.. The tax agency has processed 6.6% more returns ...
The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy.