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December 19, 2023  – A taxpayer entered into a Direct Debit Installment Agreement (DDIA) to pay her federal tax liability. She made her final payment outside of the DDIA process because the regularly scheduled payment would have overpaid the remaining amount owed and she was concerned that the overpayment may not be refunded quickly. She…

December 19, 2023 -Warm holiday greetings from the Taxpayer Advocate Service (TAS)! As we bid farewell to this year, it is a fitting time to reflect on the dedication and hard work that contributed to making 2023 better than previous years. This year, the additional funding provided as part of the Inflation Reduction Act (IRA)…

Have you moved since you filed your 2022 tax return? If so, make sure you update your address with the IRS now. The IRS expects to issue all refunds for individual returns that do not have errors (or other issues that would delay processing) by direct deposit and paper checks. But if you have not…

December 13, 2023 – National Taxpayer Advocate Erin M. Collins named one of the Most Influential People in Accounting for 2023 Abstract: Accounting Today selects Erin M. Collins as one of the 100 Most Influential People for 2023. For a second year in a row National Taxpayer Advocate Erin M. Collins has earned a spot…

TAS Tax Tip: Clean Vehicle Credits    In the business of selling cars? Looking at buying a clean vehicle? Clean Vehicle Credits can help you maximize your return at tax time.     The Inflation Reduction Act of 2022 (IRA) makes several changes to the tax credit provided in Internal Revenue Code (IRC) § 30D for…

December 6, 2023 – Because of the growing influence of student-athletes and celebrities in social media and their communities, the attention surrounding NIL is not surprising. Student-Athletes Involved in Name Image Likeness (NIL) Agreements Should Be Aware of Their Federal Tax Obligations Collegiate athletics is a competitive and popular multibillion dollar business industry. With television…

Required Minimum Distribution Taxpayers generally have to start taking withdrawals from their Individual Retirement Account (IRA), Simplified Employee Pension (SEP) IRA, Savings Incentive Match Plan for Employees (SIMPLE) IRA, or retirement plan account when reaching age 72 (73 if you reach age 72 after Dec. 31, 2022). These withdrawals, called required minimum distributions (RMDs), are the minimum…

December 4, 2023  – A power of attorney (POA) called TAS for help resolving a client’s balance due. The POA had submitted documents to the IRS showing that the taxpayer did not owe taxes for the sale of a house. The documents were not accepted, and the IRS adjusted the taxpayer’s account, creating a large…

November 30, 2023 – Today, I want to remind taxpayers about the importance of filing electronic petitions by the applicable filing date using Eastern Time (ET). In a prior NTA Blog: Have You Recently Filed a Petition With the U.S. Tax Court?, I discussed how delays in processing U.S. Tax Court petitions were negatively impacting…

November 20, 2023  – The taxpayers filed an amended return showing that they actually lost money on the real estate sale and were due a refund. However, the IRS hadn’t processed the amended return.      Success Story: TAS Untangles Complex Refund Issue  Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems.…