Tax season is here and the backlog at the IRS is causing headaches
Tax season is upon us, and it could be complicated. There is a massive backlog at the IRS. Here’s the lowdown on what to expect from an accountant in Scranton.
SCRANTON, Pa. – Glynn Murphy is a certified public accountant in Scranton. He longs for the days when his clients could sit across from him and go through their tax documents together, in person. His Scranton office has remained closed throughout the pandemic.
“We’ve been doing what I call ‘COVID tax filings’ for a good two years now,” Murphy said.
These “COVID tax returns” can be confusing. Between stimulus payments, unemployment checks and child tax credits, it’s hard to keep track of everything.
The more confusing it is, the more room there is for errors. The more errors, the longer it will take to get your money back.
“If you say you didn’t get it, and you really get it, it’s going to take a long time for you to come back,” Murphy added.
To make matters worse, there is a huge backlog at the IRS.
Nearly 24 million taxpayers have still not received their declaration from last year.
“All of those people working on those 24 million paper returns from last year are preventing the IRS from approving refunds this year.”
The agency is understaffed and there are still many IRS employees working from home.
“They have a mass of tax returns in the mail that human beings have to open and scan and then sort to the department they need to go to,” Murphy added. “Until all of this is done, it doesn’t even get past an IRS agent.”
Murphy says the people who get paid the fastest have the most consistency in their lives, which is rare in the age of COVID-19.
People have changed jobs and changed cities. All of this could slow your return.
Murphy’s best advice is to not post anything and file electronically. Even then, he says you can expect delays.
“We’ve already filed over 200 tax returns electronically, and I’ve only seen about 3% of those come back as refunds so far.”
He says you shouldn’t expect anyone from the IRS to answer the phone.
Click here for more information on Glynn Murphy, CPA.