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Tax News: The IRS Extends Disaster Relief to Victims of January and February Storms
February 27, 2023 – If you were a victim of the severe winter storms, flooding, landslides, and mudslides in California, or the severe storms, straight-line winds, and tornadoes in Alabama or Georgia, you now have additional time to file various individual and business tax returns and make certain tax payments. Details about these recent tax relief…
Read MoreTAS Tax Tip: Small Business Filing and Recordkeeping Requirements
February 24, 2023 -As a small business, you may have many different types of returns that are due, and many different types of deductions. As a busy small business owner, it’s important to put a user-friendly recordkeeping system in place. Title: Small Business Filing and Recordkeeping Requirements There are about 57 million small businesses…
Read MoreTAS Shares IRS’s Guidance on Taxability of State Tax Payments
February 21, 2023 -TAS is happy to report that the IRS has issued guidance on these special state tax payments. The guidance is complex. Because the taxability of these state payments varies depending on the type of payment and your state of residence, TAS urges you to carefully review the IRS-issued guidance In her blog…
Read MoreTAS Tax Tip: The IRS incorrectly recorded me as deceased – what should I do?
If your IRS tax account is locked in error because the IRS’s records incorrectly indicate that you or your spouse are deceased, the instructions below can help you resolve the issue. When your account is locked, it prevents the IRS from processing your tax return until the issue is resolved. Accounts may mistakenly show a…
Read MoreNTA Blog: The IRS Must Be Proactive in Issuing Timely and Clear Guidance to Resolve Tax Reporting Ambiguities
February 9, 2023 – I have written frequently about the burdens the complexity of the Internal Revenue Code imposes on taxpayers and the IRS alike. One of the burdens it imposes on the IRS and its Office of Chief Counsel is the responsibility to clarify ambiguities in the law and make reporting requirements workable so…
Read MoreNTA Blog: Lookback Rule: The IRS Fixes the Refund Trap for the Unwary
January 23, 2023 – For tax year (TY) 2019, there were nearly 34 million returns filed between the postponed period of April 16, 2020, and July 15, 2020, and for TY 2020, there were nearly 29 million returns filed between the postponed period of April 16, 2021, and May 17, 2021. For tax year (TY)…
Read MoreNTA Blog: EITC Awareness Day Is January 27: The Earned Income Tax Credit is an Important and Confusing Credit for Eligible Taxpayers
January 26, 2023 – The tax year (TY) 2022 filing season kicked off on January 23, 2023. Each filing season, taxpayers face a variety of challenges, including choosing a qualified return preparer, locating a volunteer tax return preparation site, selecting tax preparation software, and understanding what they need to include on their income tax returns. One…
Read MoreTAS Careers: Legal Tax Advisor
December 29, 2022 – TAS will launch a Pre-Filing Season Awareness outreach campaign in January. It is a nationwide effort to help millions of taxpayers who self-prepare federal tax returns to avoid common return processing issues that cause refund delays. Title: Tax Tip: TAS shares tips to help taxpayers prepare tax returns without issues that…
Read MoreTAS Success Story: TAS facilitates an acceptance of a taxpayer’s offer in compromise
January 26, 2022 – A taxpayer filed an offer in compromise (OIC) because they were unable to pay their IRS debts. They included the required processing fee, which the IRS applied to the outstanding balance, and the application fee. The OIC was rejected, but the payment was not returned. Success Story: TAS facilitates an acceptance of…
Read MoreNational Taxpayer Advocate Joins C-SPAN’s Washington Journal for Live Q&A
January 23, 2023 -The National Taxpayer Advocate Answers Taxpayer Questions About Tax Filing Season Challenges, IRS Backlogs, and More National Taxpayer Advocate Erin M. Collins appeared live on C-SPAN’s Washington Journal call-in program on January 23. The National Taxpayer Advocate answered viewer questions about tax filing season challenges and discussed her 2022 Annual Report to…
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