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IRS Extending Tax Deadline to May 17 Amid Major Backlog

HeadlineMar 18, 2021

The IRS is extending the tax-filing deadline to May 17 as it deals with a massive backlog of tax returns. Even before the pandemic, the IRS faced a decade of budget cuts that left it woefully understaffed. ProPublica reports that, in recent years, audits of the rich and the largest corporations have plummeted, while audits of poor taxpayers have remained comparatively high.

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