Are Form 2220 Text 2024-2025

Okay, for this video, I wanted to cover some very common 1040 filing issues I'm seeing for this year's tax season. So, what we're talking about here is the 2021 form 1040. So, if you're looking at your 1040, you'll see tax year 2021, and these are being filed during 2022, right? So, the 2022 season. A lot of these issues do happen kind of on a year-to-year basis, but this year we're seeing some particularly new challenges related to a lot of things that are kind of as a result of the pandemic that we just kind of went through. The first one, and this applies across the board, is paper filing your tax return. So, I can't stress this enough - please try to avoid paper filing at all costs. Paper filing returns is generally more inaccurate than electronically filing because if you're hand-preparing the forms, you're having to do a lot of calculations and math yourself versus when you use computer software to e-file, a lot of the math is done for you, so it helps to avoid some of those issues. The other issue that we're seeing is purely just with processing time. If you paper file a return, it's going to take you months to get the IRS to even open that mail and log it into the system. A lot of taxpayers that paper-filed returns in 2020 still have not had their paper-filed returns processed. So, if you paper file your 1040 now in March 2022, you should expect to wait a year, if I'm being honest. You're going to be waiting a year to get any kind of notification from the IRS that the return was processed and your refund, if you're getting one, is issued. The second big issue we're seeing with this year is...