Uncategorized
Tips on Electronic Payment Options Available to Taxpayers as the IRS Phases Out Paper Checks
Tips on Electronic Payment Options Available to Taxpayers as the IRS Phases Out Paper Checks Introduction In response to Executive Order 14247, “Modernizing Payments to and From America’s Bank Account,” the IRS is making a swift transition away from sending or receiving paper checks. For the most part, the IRS will stop issuing tax refunds…
Read MoreAs the IRS Phases Out Paper Checks, Vulnerable Taxpayers Must Not Be Left Behind
NTA Blog: As the IRS Phases Out Paper Checks, Vulnerable Taxpayers Must Not Be Left Behind Introduction Recently, I’ve received many questions about how Executive Order (EO) 14247, Modernizing Payments To and From America’s Bank Account, will affect taxpayers. The good news is that most taxpayers already receive their refunds using direct deposit and…
Read MoreUnderstanding your Collection Statute Expiration Date and the time the IRS can collect taxes
The Collection Statute Expiration Date (CSED) marks the end of the collection period, the time period established by law when the IRS can collect taxes. TAS Tax Tips: Understanding your Collection Statute Expiration Date (CSED) and the time the IRS can collect taxes The Collection Statute Expiration Date (CSED) marks the end of the collection…
Read MoreWhen Taxpayers Struggle to Obtain an EIN, Everyone Loses
IRS Apply for an Employer Identification Number (EIN) online When Taxpayers Struggle to Obtain an EIN, Everyone Loses For many Americans, starting a business represents independence, opportunity, and the chance to contribute to their communities. But before they can open a bank account, hire employees, or file taxes, they need one thing from the IRS:…
Read MoreEmployee or Independent Contractor, What Are the Tax Implications?
Employee or Independent Contractor, What Are the Tax Implication? Whether a worker is an employee or an independent contractor depends on the relationship between the worker and the business. When a worker is classified as an employee, the employer must withhold income taxes as well as Social Security and Medicare taxes from the employee’s paycheck.…
Read MoreFiling a Petition with the United States Tax Court
Taxpayers have the right to appeal an IRS decision in an independent forum. How do I get to the Tax Court? Receiving a Statutory Notice of Deficiency from the IRS is often referred to as your “ticket” to the Tax Court for a redetermination of liability. If you receive a Statutory Notice of Deficiency and…
Read MoreDon’t let a passport revocation ruin your international travel plans
The Internal Revenue Service is urging taxpayers to resolve their significant tax debts, $50,000 or more, to avoid putting their passports in jeopardy. If you owe $50,000 or more and haven’t made payment arrangements, please contact the IRS now to avoid travel delays later. Why is the State Department allowed to limit or revoke my passport…
Read MoreConfused about your CP59R, CP59SN, or CP59 notice?
The IRS is sending notices CP59R, CP59SN, and CP59 to individual taxpayers. The CP59R reminds taxpayers to file the tax return before the due date. The CP59SN tells taxpayers that the IRS hasn’t received their tax return for this year. The CP59 tells taxpayers that it hasn’t received a tax return for the prior year.…
Read MoreIs that really the Taxpayer Advocate Service office calling me?
Here are some tips to follow to keep you and your private information safe in various situations. Staying safe on social media Don’t post or send private or tax related information anywhere on these types of platforms. Even if you have your social media accounts set to a limited audience under privacy settings, if you…
Read MoreIRS Issues Federal Employees and Retirees Notices About Unresolved Tax Issues
The IRS is sending LT36 notices to current and former federal employees who potentially have an unpaid tax debt or have not filed a tax return. These notices are part of the Federal Employee/Retiree Delinquency Initiative (FERDI). The initiative uses payroll and pension data to identify tax noncompliance. It is important that any federal employee…
Read More