No download of Acknowledgments from the IRS

[lbarthell]

lbarthell Today, 03:51 PM
I have not received no Acknowledgments download from the IRS are anyone else having this problem and to know what is going on.

[spanel]

Not surprising since the IRS official start date is January 29th.

Chris

[Rapid Robert]

The IRS will begin accepting all business tax returns at 9 a.m. Eastern on January 16, 2024.

Ask you professional software vendor (transmitter) why no acks yet, assuming you are asking about efiling acks.

[JON]

Congress still thinks they are going to pass a 2023 tax act now. Increase depreciation back to 2022, credits with the child care credits back in so Dems will go along. What a mess. they just published tax collections for 2022 and it was like $84 billion higher than 2021

[kathyc2]

they just published tax collections for 2022 and it was like $84 billion higher than 2021

Say what? Treasury reports receipts and outlays monthly, on the 8th business day of each month. No idea where you got the 84B number from. FYI, refundable credits are not shown as negative receipts but rather as an outlay (expense) of Dept. of Treasury.

https://fiscal.treasury.gov/reports-statements/mts/

[JON]

IRS collects record-setting $4.9 trillion in tax revenue in FY 2022 I guess I should have said "$790 Billion" FY FISCAL YEAR

By Martha Waggoner
January 4, 2024
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TOPICS

• IRS Practice & Procedure

The IRS collected a single-year record of $4.9 trillion of total tax revenue from return filings in fiscal year 2022, the Treasury Inspector General for Tax Administration (TIGTA) said in a report on IRS compliance activities.

The total revenue collected was about $790 billion more than in FY 2021, TIGTA said in its report, Trends in Compliance Activities Through Fiscal Year 2022 (TIGTA Rep't No. 2024-300-011 (Dec. 20, 2023)).

In FY 2022, U.S. taxpayers filed more than 161 million individual and 12 million business income tax returns, along with over 31 million employment tax returns, over 1 million excise tax forms, and just over 297,000 estate and gift tax forms, the report said. Income taxes collected from individuals increased by 47%, or nearly $1 trillion, since FY 2019.

The IRS collected $72 billion in enforcement revenue in FY 2022, just shy of the record $75 billion collected in FY 2021, the report said.

Enforcement revenue has jumped significantly over the years. In comparison, the enforcement revenue collected for FY 2013 to FY 2020 was never over $59 billion.

Automated collection processes drove revenue collection as the IRS ended FY 2022 with a slight decrease in full-time-equivalent employees from FY 2019. For example, about 74% of FY 2022's enforcement revenue was collected within the collection notice stream and automated collection. The decrease in staffing contributed to a decline in examinations, TIGTA said. During FY 2022, the IRS completed 2% fewer correspondence examinations and 25% fewer field examinations than in FY 2019.

Still, in FY 2022 revenue from field collection (cases worked by IRS revenue officers through direct contact with taxpayers and their representatives) increased 37% compared with FY 2019, and the IRS attributed the increase in part to a focus on high-dollar employment tax cases with balances of at least $250,000. Field collection management also focused on assigning cases with individual taxpayers who owe over $1 million, TIGTA said.

The IRS has said it plans to use its dollars from the Inflation Reduction Act of 2022, P.L. 117-169, to focus on high-income individuals and difficult business cases, such as large or complex passthrough entities.

Meanwhile, the IRS estimated the gross tax gap — the difference between estimated true tax liability for a given period and the amount of tax that is paid on time — for tax year 2021 to be $688 billion, TIGTA said.

"The IRS's examination function continued its declining enforcement trend in terms of the number of examinations; however, there was a general increase from $17.3 billion in FY 2019 to $30.2 billion in FY 2022 for proposed additional taxes after examinations," the report said. "The trending decline in the number of examinations is likely contributing to expansion in the overall tax gap as taxpayers that appear to present a compliance risk are less likely to ha

[kathyc2]

FY2023 receipts were down roughly 500B to 4.4T. I'm not sure what the point you are trying to make is??? It's been 25 years since the amount authorized to spend has had any relationship to receipts.

[JON]

My point IS they collected $790 Billion more in fiscal 2022 than 2021 for tax revenues.

[kathyc2]

My point IS they collected $790 Billion more in fiscal 2022 than 2021 for tax revenues.

And they spent 546B less. Combination of the higher inflows and lower outflows resulted in FY22 deficit of 1.4T. That's less than half of FY21 deficit of 2.8T and FY20 deficit of 3.1T.