Taxpayers will be able to digitally submit all sorts of tax documents and other communications to the IRS months earlier than originally planned.
There’s not much time left to get this full leg massager at a discounted priceFILE - Treasury Secretary Janet Yellen speaks at the Atlantic Council Global Citizen Awards, Sept. 20, 2023, in New York. Taxpayers will be able to digitally submit all sorts of tax documents and other communications to the IRS months earlier than originally planned under a new timetable being announced Tuesday, Nov. 7.
“Taxpayers will save time and effort," she says, as people can begin submitting their documents now, instead of waiting until the originally planned time frame of early next year. The IRS plan for customer service improvements for the 2024 filing season comes against the backdrop of a series of proposals by congressional Republicans to reduce its funding.Under the initiative, most people will be able to submit everything but their tax returns digitally in 2024. As the IRS pilots its new electronicThe processing change is expected to cut back on the $40 million per year that the agency spends storing more than 1 billion historical documents.
The IRS cutback would cost taxpayers billions of dollars, not save money, according to independent budget analysts.Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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Yellen to hold two days of talks with China vice premierSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: MKTWgoldstein.
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