The Internal Revenue Service has launched an ambitious plan to ensure that by Filing Season 2024, taxpayers in the country will be able to go paperless if they choose to do so.
IRS has also announced that by Filing Season 2025, it will achieve paperless processing digitizing all paper-filed returns when received. In effect, this means all paper will be converted into digital form as soon as it arrives at the IRS.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.