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Hahaha….. there’s no mystery as to where the “10 million missing tax returns” are.

Posted by Admin Posted on June 25 2020

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CPA & accounting firms are swamped due to the delays caused by government regulations changing daily in the early stages of the COVID-19 crisis, shifting gears to assist clients with SBA, PPP and other government funded relief programs, some firms having staff shortages, furloughed workers or slowed down efficiencies while having to establish remote employees and processes.  Generally the industry is a bit behind returns, which has been extended to July 15th.  If the IRS keeps the July 15th deadline and doesn’t extend it out further – sit back and watch the “missing” returns appear like magic by the end of July.  In the meantime, get out, go about living your lives while exercising caution when needed, washing hands, wiping down areas of exposure…..