Tag: #taxfiling

Tax-Tip

IRS BACKLOG OF TAX RETURNS HITS 35 MILLION

The IRS has ended the filing season with a backlog of over 35 million individual and business income tax returns that require manual processing, after facing an “unprecedented” number of returns requiring manual review, according to the National Taxpayer Advocate. The “historically high” number of returns requiring manual review means

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Tax-Tip

2020 Taxes: What You Need To Know Before Filing

Due to Covid-19 and many other things, a lot has changed for the 2020 tax season, and now more than ever it’s important to start thinking about your tax situation while you still have time on your side. As the pandemic still plays a significant role in our economy, the

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