Bottlenecks are nothing new to the Internal Revenue Service. IRS issues with mail processing, return processing, and issuing refunds have been well publicized. Nevertheless, one of the most common IRS bottlenecks is one that many taxpayers, including many members of Congress, are unaware of.
The Employee Retention Credit: Small- And Medium-Sized Businesses And Tax Exempts Are Missing Out On Billions
On July 18, 2021 the IRS opened a practitioner portal that is supposed to make filing and obtaining authorizations easier. The new submission and approval system promises to greatly improve efficiency for practitioners whose clients have or can get an. Tax practitioners can log into a special Tax Pro account to submit authorization requests for their clients who can then approve the request. In general, the requests record in real-time to the CAF database.
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