Tax professionals ‘horrified’ by IRS decision to destroy data on 30 million filers

An audit by the Treasury Inspector General for Tax Administration revealed 

An audit by the Treasury Inspector General for Tax Administration revealed 

the IRS has tossed data for millions of payers, sparking anger from the tax community.

the IRS has tossed data for millions of payers, sparking anger from the tax community.

The material, known as paper-filed information returns in accounting parlance, is sent yearly by employers and financial institutions,

The material, known as paper-filed information returns in accounting parlance, is sent yearly by employers and financial institutions,

and covers taxable activity, such as W-2 forms, with copies sent to taxpayers and the IRS.

and covers taxable activity, such as W-2 forms, with copies sent to taxpayers and the IRS.

The IRS backlog, created by years of budget cuts, understaffing, pandemic-related office closures 

The IRS backlog, created by years of budget cuts, understaffing, pandemic-related office closures 

and added duties, is expected to clear by December, according to Commissioner Charles Rettig.

and added duties, is expected to clear by December, according to Commissioner Charles Rettig.

While the report doesn’t specify which information returns the agency chucked, 

While the report doesn’t specify which information returns the agency chucked, 

the news has triggered angry responses from tax professionals, 

the news has triggered angry responses from tax professionals, 

particularly after another difficult filing season.

particularly after another difficult filing season.

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