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Hemington Updates

Newsletter Tax Updates Q1 2022

By February 14, 2022May 6th, 2024No Comments
February 2022

Special Tax Edition – Hemington Newsletter

Tax season is upon us once again – and experts are warning that taxpayers should brace for a difficult filing season. The Internal Revenue Service (IRS) opened its tax filing window on January 24th, over two weeks earlier than in 2021, because, it said, limited funding and continued Covid challenges could cause delays. As of December 31st, the IRS had a backlog of 6 million unprocessed individual returns, far higher than the more typical 1 million unprocessed returns at the start of a usual tax season.

Download our Special Tax Edition Newsletter  (PDF 1.7 MB)