Around 45 per cent of the returns filed on April 20 were either NIL returns (no tax liability and no ITC availment) or were such returns where no tax was paid in cash.
The IRS reminds employers and businesses that the due date to file 2022 Form W 2, Form W 3 and Form 1099 NEC is January 31, 2023. The IRS offered a checklist of reminders for people as they navigate tax season and prepare to file their 2022 tax returns.