IRS releases its 2021 Progress Update detailing challenging year
https://www.irs.gov/newsroom/irs-releases-its-2021-progress-update-detailing-challenging-year
https://accountinginstruction.info/
The Internal Revenue Service today released its 2021 annual report describing the agency's work delivering taxpayer service and compliance efforts during the pandemic while highlighting efforts taken by IRS employees to help people during the year.
Internal Revenue Service Progress Update / Fiscal Year 2021 – Putting Taxpayers First PDF outlines how the agency continued to work through difficulties related to the pandemic while delivering two rounds of Economic Impact Payments and millions of advance Child Tax Credit payments, all in record time. Meanwhile, IRS employees continued to make adjustments to deliver the filing season despite office closures, social distancing mandates and an extended tax filing deadline.
"This has been an unprecedented period facing the IRS and the nation," said IRS Commissioner Chuck Rettig. "IRS employees worked hard during the pandemic, repeatedly delivering for taxpayers under tight timeframes and difficult circumstances. As the 2022 filing season approaches, more work remains for us to help taxpayers as well as tax professionals. We will continue to make progress on critical areas thanks to the hard work of so many people. I'm incredibly proud of what our employees have been able to accomplish during this period, and we also appreciate the efforts taking place by our partners inside and outside the tax system to help people struggling during COVID-19."
Since the pandemic began, the IRS has successfully delivered more than $1.5 trillion to people across the nation through Economic Impact Payments, tax refunds and advance Child Tax Credit payments.
A large portion of that amount was distributed during Fiscal Year 2021, which is the focal point of this year's Progress Update. The 56-page report highlights accomplishments around the agency's six strategic goals and identifies ongoing modernization efforts. This year's edition also discusses work related to implementing the various new pieces of legislation related to the pandemic, including the American Rescue Plan.
In his opening comments in the Progress Update, Rettig explained that each year the IRS collects more than $3 trillion in taxes and generates approximately 96% of the funding that supports the federal government's operations.
"The 2021 Progress Update is not just a report, it's the story of a dedicated group of public servants who continued to deliver for the nation, as they do every year, even in challenging times and while overcoming concerns for themselves, their families and their communities during the pandemic," he said.
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