IRS To Become More Efficient In Efforts To Digitize All Paper-Filed Tax Returns

The 'Paperless Processing Initiative' aims to cut out millions of paper documents the IRS receives annually and allow for a more simple process to carry out tax refunds more swiftly.

The IRS is working to make upcoming tax seasons easier and more efficient.

The agency is launching a major effort to digitize all paper-filed tax returns by 2025. The move is expected to cut processing times in half and speed up refunds by four weeks.

In addition, tax payers will be able to submit more correspondence online during the coming filing period.

The ‘Paperless Processing Initiative’ aims to cut out millions of paper documents the IRS receives annually and allow for a more simple process to carry out tax refunds more swiftly.