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‘What a Difference a Year Makes!’: IRS Has Made a Huge Dent in Tax Return Backlog

CPA Practice

The IRS hasn’t made a ton of progress in reducing its paper accounts management inventories over the past year. Biden agreed to reallocate $10 billion of the IRS’s funding in 2024 and another $10 billion in 2025 to other spending priorities. It must make it possible for all taxpayers to e-file their tax returns.