IRS will "absolutely" resolve backlog before end of the year, Commissioner Charles Rettig says
CBSN
The IRS could wipe out its massive backlog of returns by the end of the year, IRS Commissioner Charles Rettig said Thursday. His optimistic prognosis comes as millions of people are still waiting for the overburdened agency to process returns from past tax filing seasons and send their refunds, even as the IRS entered a new tax filing season.
The IRS still had 23 million items in its backlog to get through heading into this year's tax filing season, as it struggled to overcome hurdles exacerbated by the coronavirus pandemic. Earlier this year, the Taxpayer Advocate wrote in her report the IRS was in a crisis. Treasury and IRS officials warned this could be the most challenging tax filing season for taxpayers and preparers to date.
Rettig appeared before the House Ways and Means committee Thursday for a hearing on the tax filing season. He said the agency will "absolutely" make it through the backlog before the end of 2022.
The IRS said Friday it will kick off the new tax season on Monday, Jan. 27, allowing taxpayers to begin filing their 2024 tax returns.
Meta is ending its key diversity, equity and inclusion programs, joining other corporate giants like Ford, McDonald's and Walmart that have pulled the plug on their DEI initiatives.
The Biden administration on Friday announced it would extend the temporary legal status of nearly 1 million immigrants from El Salvador, Sudan, Ukraine and Venezuela, utilizing a program that is expected to be curtailed by the incoming Trump administration.
At least four people were injured Friday morning after a Minneapolis-bound Delta Airlines flight aborted its takeoff at Hartsfield-Jackson Atlanta International Airport, airport officials said.
Titan Farms, a South Carolina company that supplies fresh and frozen fruits and vegetables to major U.S. retailers, illegally deducted political contributions and cleaning fees from more than 1,300 seasonal foreign workers, according to federal officials.
Macy's is closing 66 store locations that it has said are underperforming. The closures are part of the storied retailer's turnaround strategy.
President-elect Donald Trump was sentenced to be released with no restrictions Friday after his criminal conviction in the "hush money" case in New York.
Tesla is recalling more than 240,000 vehicles because of a rearview visibility issue.
The victims who died in the wind-driven fires that have decimated the Los Angeles area fires this week include a man who was found holding a garden hose as well as an 82-year-old man who died in his bed, family members told CBS News.
Rudy Giuliani is set to appear in a Washington, D.C., federal courtroom Friday as a federal judge considers a request from two Georgia election workers to hold the former New York City mayor in contempt for allegedly continuing to defame them in violation of a court order.