Stimulus payments triggered millions of IRS ‘math error’ notices
There has been a flood of “math error” notices from the IRS in 2021, with 9 million sent through July 15, and 7.4 million were due to stimulus payments, according to Taxpayer Advocate Service.
If there’s a tax balance due, recipients may have limited time to respond before the collections process begins, and it can be difficult to reach the IRS.Getty Images There has been a recent flood of "math error" notices from the IRS, which have been confusing for taxpayers and difficult to resolve, financial experts say.
The IRS sent roughly 9 million such alerts from Jan. 1 through July 15, up from 628,997 in the same period last year, according to"Just resolving the problem is a massive problem in itself," said Larry Harris, a certified financial planner and director of tax services at Parsec Financial in Asheville, North Carolina.
As of Aug. 27, there was a backlog of 9.2 million unprocessed individual returns, including 2020 filings with errors,
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