We had posted on January 28th that the IRS had a backlog of approximately 8 million tax returns for 2020 (filing period 2021). Well it looks like its far more worse. http://ow.ly/mX3050HUUIs

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If you only received a partial forgiveness on your PPP loan please take a look at this article. Please contact the Foster & Dolleck, CPA’s team if we can be of any service 402-391-7030 or contact@fosterdolleckcpas.com http://ow.ly/IKyU50HOQLI

As always the tax scammers are working full-time this tax season. Never pay anything via phone as the IRS or Social Security Administration will never demand payment via phone and does not accept payment in gift cards, crytocurency, or prepaid debit cards. These are scams so please do not do this.http://ow.ly/YOb850HOQWw

When you take your taxes to your tax return preparer, make sure to take the Form 6419 that outlines how much you received if you got the advanced child tax credit. It appears that there were some that may be incorrect. Double check to make sure it matches to what you actually received. http://ow.ly/Z5gm50HMFFF

Help is on the way. For those still waiting on refunds and their 2020 taxes to be processed. http://ow.ly/fnuh50HMFgH

There are a few things that will very quickly get you on the IRS’s “naught list”. Not appropriately handling things related to employee classifications and taxes are one of the biggest. For trusted advisors to help you navigate the complex tax code see the team at Foster & Dolleck CPA’s 402-391-7030 or contact@fosterdolleckcpas.com http://ow.ly/Mt0050HFL53

How non tax return filers can claim 2021 tax credits. http://ow.ly/ctWA50HFHJh

Just a follow up to a post yesterday about the AICPA advocating for taxpayers. With the IRS so far behind it is unreasonable to send automated letters to taxpayers when things have been filed, mailed, and paid. http://ow.ly/zmrw50HGNZK

Unfortunately it doesn’t look like things are going to get any better anytime soon. The IRS is extremely behind and that is not going to change with the opening on the new filing season. A few statistics from the Tax Adviser. IRS overwhelmed: Over the past two years the IRS has dealt with such challenges