Posts by snapme

At a Glance   Tens of millions of taxpayers may be entitled to refunds of COVID-19 period penalties and interest. Relief will not be automatic—most taxpayers must file refund claims by July 10, 2026. Complex legal developments and a lack of information create a risk that many taxpayers will miss out entirely. Without IRS or…

Protect Your Employee Retention Credit Claim: Use IRS’s New Streamlined Process to Request an Extension    A strict two-year deadline applies to taxpayers whose Employee Retention Credit (ERC) claims have been disallowed — and that clock does not stop while the IRS or the IRS Independent Office of Appeals (Appeals) reviews the case. If the…

NTA Blog: New U.S. Postal Service Rules Could Affect Whether Your Tax Filing Is Considered On Time Why Postmarks Matter to You You may have heard the phrase “timely mailed is timely filed.” Here’s what that really means: under the Internal Revenue Code § 7502, if your tax return or payment is postmarked on or…

TAS Tax Tip: Tax return filing is as easy as 1-2-3 This year our best advice for faster tax return processing without encountering delays is as easy as our tips below. #1 – Verify your information is accurate. Check the accuracy of everything you enter on that tax return, not just once but two or…

March Madness is back. While fans focus on brackets and buzzer-beaters, many student athletes are facing a different challenge off the court: navigating the tax consequences of compensation they receive for the use of their name, image, and likeness (NIL). Typical NIL recipients are talented young athletes who are likely tax rookies, yet can quickly…

Student loan forgiveness can offer a financial reset – but starting in 2026, there may be associated tax liabilities. Depending on when and how your loans are forgiven, you may face an unexpected tax bill. Here’s what you should know: Student loan debt cancelled after December 31, 2025, may be taxable income If your federal…

  It’s a gut punch. You finish your tax return before April 15 expecting a refund, only to discover you owe the IRS — and there’s no realistic way to pay the full amount by the deadline.   That moment can feel overwhelming. But don’t panic. You’re not alone, and you have options. The tax…

On December 22, 2025, the IRS announced proposed revisions to its Criminal Voluntary Disclosure Practice (VDP) and opened a 90-day public comment period, ending March 22, 2026. The IRS states that the proposed revisions are intended to “improve its processes” and “further incentivize non-compliant taxpayers to come into compliance.” While these revisions are a meaningful…

If you were counting on your tax refund to pay rent, cover groceries, or catch up on bills, it can be devastating to learn that your refund has been reduced, or taken entirely to pay an old debt. This happens when the IRS or the Bureau of Fiscal Service (BFS) offsets your refund to pay…

If someone files a fraudulent tax return using your name and identifying information, resolving the issue can be time-consuming and frustrating. Even when the IRS detects and stops the false return – which it is often able to do – subsequent returns filed under your Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN),…