{"id":1529404,"date":"2022-06-27T13:34:20","date_gmt":"2022-06-27T17:34:20","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1529404"},"modified":"2022-06-27T13:34:25","modified_gmt":"2022-06-27T17:34:25","slug":"tens-of-millions-of-americans-are-still-waiting-for-tax-refunds-as-irs-drowns-under-backlog","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tens-of-millions-of-americans-are-still-waiting-for-tax-refunds-as-irs-drowns-under-backlog\/","title":{"rendered":"Tens Of Millions Of Americans Are Still Waiting For Tax Refunds As IRS Drowns Under Backlog"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftens-of-millions-of-americans-are-still-waiting-for-tax-refunds-as-irs-drowns-under-backlog%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1529404&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>More than 21 million Americans who filed paper <a href=\"http:\/\/dailywire.com\/topic\/taxes\">tax<\/a> returns have still not seen their refunds, according to an Internal Revenue Service (<a href=\"https:\/\/www.dailywire.com\/topic\/irs\">IRS<\/a>) report.<\/p>\n<p>\u201cAt the end of the day, a typical taxpayer cares most about receiving his or her refund timely,\u201d National Taxpayer Advocate Eric Collins wrote in a <a href=\"https:\/\/www.taxpayeradvocate.irs.gov\/reports\/2023-objectives-report-to-congress\/newsroom\/\">report<\/a> to Congress last week. \u201cThese processing delays are creating unprecedented financial difficulties for millions of taxpayers and outright hardships for many.\u201d<\/p>\n<p>According to Collins \u2014 an IRS official <a href=\"https:\/\/www.taxpayeradvocate.irs.gov\/about-us\/our-leadership\/\">charged<\/a> with serving as the \u201cvoice of the taxpayer\u201d within the agency \u2014 more than 90% of individual income taxpayers file their returns digitally. Before COVID-19, the IRS managed to process paper returns within four to six weeks. Over the past year, however, the delay has surpassed six months.<\/p>\n<p>At the end of May, 21.3 million paper tax returns had not been processed.<\/p>\n<p>\u201cThe IRS has said it is aiming to crush the backlogged inventory this year, and I hope it succeeds,\u201d Collins wrote. \u201cUnfortunately, at this point the backlog is still crushing the IRS, its employees, and most importantly, taxpayers. As such, the agency is continuing to explore additional processing strategies.\u201d<\/p>\n<p>Collins, however, noted that the IRS \u201cmissed opportunities\u201d to preemptively address the backlog \u2014 such as implementing barcoding or optical character recognition. \u201cThe IRS\u2019s paper processing delays were evident more than a year ago, and the IRS could have addressed them more aggressively at that time,\u201d she wrote.<\/p>\n<p>Last month, Penn Wharton Budget Model noted that payments of non withheld individual income taxes in April 2022 surpassed $522 billion \u2014 <a href=\"https:\/\/www.dailywire.com\/news\/american-households-owed-hundreds-of-billions-more-than-usual-this-tax-season-report-says\">much higher<\/a> than the $243 billion collected in May 2021, the month in which tax filings were due last year. Because \u201cthe surge in taxes due at filing came entirely from taxpayers who paid by electronic funds transfer,\u201d the group concluded that the majority of the higher tax payments derived from households which, unlike businesses, tend to file their records electronically once per year at tax season. Growth of income derived from assets was likely a leading factor in the higher tax burden.<\/p>\n<p>Last year, the Biden administration considered a plan to <a href=\"https:\/\/www.dailywire.com\/news\/democrats-appear-to-back-down-from-unrealized-capital-gains-tax\">tax unrealized capital gains<\/a> \u2014 returns from assets not yet sold. As Treasury Secretary Janet Yellen <a href=\"https:\/\/www.dailywire.com\/news\/treasury-secretary-janet-yellen-democrats-considering-to-impose-a-tax-on-unrealized-capital-gains\">argued<\/a> in October, \u201cit would help get at capital gains, which are an extraordinarily large part of the incomes of the wealthiest individuals, and right now escape taxation, until they\u2019re realized, and often they\u2019re unrealized in the death benefit from a so-called step up of basis.\u201d Rep. Pramila Jayapal (D-WA) and Sen. Elizabeth Warren (D-MA) pressed for tax policies that target <a href=\"https:\/\/www.dailywire.com\/news\/elon-musk-slams-senator-warren-over-taxes-if-you-could-die-by-irony-she-would-be-dead\">wealthy individuals<\/a>, such as Tesla and SpaceX CEO Elon Musk.<\/p>\n<p>A recent <a href=\"https:\/\/www.dailywire.com\/news\/one-quarter-of-americans-living-abroad-seriously-considering-or-planning-to-renounce-citizenship-new-survey-shows-why\">survey<\/a> from Greenback Expat Tax Services found that one in four Americans currently living abroad are weighing a renouncement of their citizenship due to the United States\u2019 tax burden.<\/p>\n<p>\u201cBecause the majority of the world\u2019s nations use a system of residence-based taxation, most US expats are required to pay taxes in their host country,\u201d Greenback explained. \u201cDespite this, most also have to pay taxes to the US government on the same income due to the US\u2019s practice of citizenship-based taxation.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More than 21 million Americans who filed paper tax returns have still not seen their refunds, according to an Internal Revenue Service (IRS) report. \u201cAt the end of the day, a typical taxpayer cares most about receiving his or her refund timely,\u201d National Taxpayer Advocate Eric Collins wrote in a report to Congress last week. &#8230;<\/p>\n","protected":false},"author":99,"featured_media":1529496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1529404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1529404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1529404"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1529404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1529496"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1529404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1529404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1529404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}