processing tax

noun

1. a tax levied by the government at an intermediate stage in the production of goods.

Example Sentences

The Internal Revenue Service will begin accepting and processing tax returns on Jan. 29, so lawmakers are looking to move the bill as quickly as possible.

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The IRS has endured decades of underfunding and been overloaded with paper documents that prevented the agency from processing tax forms at a faster pace.

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Coupled with decades of underfunding, an overload of paper documents has prevented the agency from processing tax forms at a faster pace in years past, agency leaders have said.

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That same day, the Congressional Budget Office reported that it, too, was able to zero in on a more accurate X-date because the IRS is “processing tax returns more rapidly than it did last year.”

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The confirmation comes at a pivotal moment of transition for the agency, which has struggled to perform its most basic responsibilities, including processing tax returns and answering taxpayer calls.

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