The IRS is still dealing with backups in processing returns from the past two filing seasons. As of December, the agency had more than 6 million unprocessed individual tax returns, 2.8 million unprocessed business returns and roughly 4.75 million pieces of general taxpayer correspondence, according to a report. In addition, the IRS answered appropriately 11% of the phone calls they received during 2021. Unfortunately, this will continue to present significant challenges for taxpayers and accountants as we prepare to start this filing season. Super.
www.irs.gov
IR-2022-11, January 12, 2022 — National Taxpayer Advocate Erin M. Collins today released her 2021 Annual Report to Congress, calling calendar year 2021 “the most challenging year taxpayers and tax...The team at Lenhart Mason is at it again! It's the second annual office decorating contest, and we need your help! Take a peek through the pictures of the festive creations by our staff and let us know who you think should be the big winner! Some of these are pranks staff pulled on each other to keep things lively. The picture with the most likes/reactions wins!
On this day and every day we give thanks for all who have served and continue to serve. Happy Veterans Day!
“If we learn nothing else from this tragedy, we learn that life is short and there is no time for hate.” - Sandy Dahl, the wife of Flight 93 pilot Jason Dahl
#NeverForget
If your business is victimized by theft, embezzlement or internal fraud, you may be able to claim a tax deduction for the loss. But there are requirements that must be followed as one U.S. Tax Court decision illustrates. bit.ly/3l2V4Kj