The IRS Is Still Sitting on 1 Million Unprocessed Tax Returns
2020 has been the year of remote work, and that extended to the IRS, as well. The agency closed its offices earlier in the year when the coronavirus outbreak began. But now, as 2020 winds to a close, the IRS still has a major backlog of mail on its hands, and that includes an estimated 1 million tax returns that it's yet to process.
Many tax filers submit their returns electronically, but some opt to go old school and file paper returns, instead. In a normal year, that's not a huge problem, though it generally means having to wait about twice as long to get a refund (six weeks, versus three weeks for taxes filed electronically). But in 2020, it's a nightmare for both the people who are waiting for their returns to be processed and the IRS itself, which has an estimated 3 million pieces of unopened mail to grapple with.
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Source Fool.com
