IRS head sees huge task ahead to administer new tax law
WASHINGTON (AP) — The acting head of the IRS says the current tax-filing season has gone well, while acknowledging the tough challenge the cash-strapped agency faces of administering the new tax law that will affect 2019 returns.
Acting IRS Commissioner David Kautter told Congress Thursday that some 79 million refunds totaling about $226 billion have been issued as of April 6, averaging $2,900 — up $13 from last year. Around 80 percent of returns filed claimed a refund. The final year under the "old" tax regime, 2017, has to be accounted for by taxpayers in returns by Tuesday.
The agency, pummeled for years by criticism from congressional Republicans and funding cuts, now must administer and enforce the most sweeping overhaul of the U.S.