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IRS backlog grows from documentation for tax adjustments

While the Internal Revenue Service has managed to reduce its backlog of unprocessed tax returns since the pandemic, one area where it's losing ground is in processing all the documentation for tax adjustments.

United statesAndrew harrer bloombergKenneth corbinWhile the internal revenue serviceTax administrationNational archivesKansas city tax processing centerOgden tax processing centerInvestment divisionTax processing centersRecords administrationRecords centerInternal revenue serviceKansas cityTreasury inspector generalFederal records center

IRS falls behind on tax return scanning goal

IRS falls behind on tax return scanning goal
accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.

United statesDanny werfelJanet yellenAndrew harrer bloombergKenneth corbinStrategy officeInvestment divisionService scaaService center recognition image processing systemTax administrationTreasury departmentRevenue serviceInternal revenue serviceTreasury inspector generalTreasury secretary janet yellenInflation reduction

IRS destruction of old paper tax information returns had little impact

IRS destruction of old paper tax information returns had little impact
accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.

United statesKenneth corbinAl drago bloombergRevenue serviceTax administrationInvestment divisionRecords officeInternal revenue serviceTreasury inspector generalTax yearChief counsel

Barron s Weekend Stock Picks: Truist Financial, Groupon And Nvidia s Rising Stock - NVIDIA (NASDAQ:NVDA), Groupon (NASDAQ:GRPN)

Benzinga reviews this weekend's top stories covered by Barron's. Here are the articles investors need to read.

Fargo coAngela palumboKenneth corbinEricj savitzBofa global researchCompany is still bullish on advisory businessNvidia corpFinancial may be its own activistTruist financialFargo wealth profits slipCompany is still bullishAdvisory businessStock could triple from hereNordisk raises sales outlookSoaring demandNovo nordisk

IRS processed most Recovery Rebate Credits correctly, but some problem persist

IRS processed most Recovery Rebate Credits correctly, but some problem persist
accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.

United statesKenneth corbinJeff fusco gettyPhiladelphia financial centerTax administrationInvestment divisionRevenue serviceInternal revenue serviceRecovery rebate creditTreasury inspector generalAmerican rescue plan actEconomic impactRecovery rebatePhiladelphia financialRecovery rebate creditsTax tip