IRS announces new paperless processing initiative for faster refunds

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IRS announces new paperless processing initiative for faster refunds
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The tax collection agency also expects its digitalization plan to help it go after tax cheats.

, taxpayers will be given the option to submit all correspondence including responses to notices online, and 20 additional tax forms will be available for e-filing in a mobile-friendly format.

A U.S. Department of the Treasury Internal Revenue Service 1040 Individual Income Tax form for the 2019 tax year is arranged for a photograph with a W-2 wage statement in Tiskilwa, Illinois, U.S., on Friday, March 20, 2020. Tax forms and paymenBy the 2025 filing season, another 150 "of the most used" non-tax forms will be available in digital formats, and the IRS will also have the ability to digitally process all paper-filed returns.

The IRS said it will also digitize its estimated 1 billion historical documents, which it says will allow it to save roughly $40 million a year in storage costs.

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