Tax professionals ‘horrified’ by IRS decision to destroy data on 30 million filers

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PUBLISHED THU, MAY 12 20221:58 PM EDT

An audit by the Treasury Inspector General for Tax Administration revealed the IRS has tossed data for millions of payers, sparking anger from the tax community.

The material, known as paper-filed information returns in accounting parlance, is sent yearly by employers and financial institutions, and covers taxable activity, such as W-2 forms, with copies sent to taxpayers and the IRS.

“The continued inability to process backlogs of paper-filed tax returns contributed to management’s decision to destroy an estimated 30 million paper-filed information return documents in March 2021,” according to the report.



Well now we know! Don't ever file electronically!



Last Edited by Blessed E v on 05/13/2022 04:51 PM