The Treasury Inspector General for Tax Administration (TIGTA) has issued an audit that evaluates whether the IRS timely and accurately processed individual paper and e-filed tax returns during the 2022 filing season. As of March 4, 2022, the IRS received 54.7 million tax returns and issued $129.2 billion in refunds. The audit found that “significant staffing shortages continue to hamper the IRS’s efforts to address backlog inventories and affect the [agency’s] ability to ensure that current-year tax returns are processed timely.” Some 8.4 million tax returns remained to be processed as of the end of 2021, the audit noted. Read the TIGTA audit: http://bit.ly/3LC88S7
