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.
TIGTA finds 'significant' lapses in IRS microfilm storage 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.
Washington (CNN) — The Internal Revenue Service cannot locate thousands of microfilm cartridges storing millions of sensitive business and individual tax account records, a new watchdog report found.
The Internal Revenue Service (IRS) cannot locate thousands of microfilm cartridges containing millions of sensitive individual and business tax account records, according to a watchdog report.