In order to put recession-fighting checks into the hands of millions of American...
WASHINGTON - In order to put recession-fighting checks into the hands of millions of Americans, the U.S. government will rely on a tax agency that has fewer workers, a smaller budget and the same 1960s-era computer systems it had the last time it was asked to do so.
Now Congress and the Trump administration are piling on more work as they scramble to contain the fallout from the coronavirus, which threatens to plunge the world’s largest economy into recession. Aside from the direct payments, the IRS will also have to oversee a new range of tax breaks for businesses and individuals included in the bill. The agency also must implement a different set of business tax credits that President Donald Trump signed into law last week to provide paid sick-leave benefits to workers.
In 2001, the IRS needed more than six weeks to issue the first rebates authorized by President George W. Bush’s tax cut. In 2008, the IRS issued its first payments to fight the Great Recession nearly three months after Bush signed off on them. Now it must figure out how to staff its processing centers at a time when local authorities are urging people to stay home. On its website, the IRS is asking taxpayers not to call its hot lines with questions about the direct payments.
Before the IRS issues payments, agents will have to calculate the amount based on income and family status, and may not have current bank information for direct deposits or current addresses to mail out physical checks.
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