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IRS urged to offer more relief to taxpayers ahead of 'frustrating' tax season
IRS warns of ‘frustrating’ tax filing season
The IRS warns tax refunds could be delayed due to staffing shortages and processing backlogs. FOX Business’ Gerri Willis with the latest.
Industry experts are urging the Internal Revenue Service to provide targeted relief for taxpayers ahead of what's likely to be "frustrating" tax season as the agency wades through a deluge of unprocessed returns from previous years.
In a Tuesday letter, the National Association of Taxpayers (NATP) called on the IRS to take "reasonable action" to reduce unnecessary burdens on tax professionals and taxpayers alike, as the agency grapples with "unforeseen and long-lasting difficulties" posed by the COVID-19 pandemic.
IRS TAX-FILING SEASON TO KICK OFF ON JAN. 24
"The coronavirus pandemic has created enormous challenges for taxpayers, tax professionals and the IRS. It is time to take steps to ameliorate the situation," the letter said. "Implementing reasonable penalty relief measures, that the IRS can offer immediately, are necessary to help not only taxpayers and tax professionals but also the IRS during these challenging times."
The NATP, which sent the letter alongside four other tax-advocacy groups, asked the IRS to discontinue automated compliance actions until the agency is fully prepared to devote the "necessary resources for a proper and timely resolution of the matter."
It also said the IRS should align requests for account holds with the time it takes the agency to process any penalty abatement requests.