On January 30, 2025, Senator Mike Crapo, chairman of the Senate Finance Committee, and Senator Ron Wyden, the Committee’s ranking member, introduced a discussion draft of the Taxpayer Assistance and Service Act (TAS Act). This broad and sweeping bill seeks … Read More
Monthly Archives: April 2025
Filing past due tax returns before the refund statute date expires
The Taxpayer Advocate Service shares steps to help you file a claim for credit or refund before its statute expiration date. File a Claim for Credit or Refund Did you know that in general, you must file a claim for … Read More
The ABCs of due diligence for tax professionals
Tax professionals who are paid for their tax preparation services are required to practice due diligence when preparing federal tax returns, especially when the returns claim tax credits. If a paid preparer has a reason to doubt any information provided … Read More
Voluntary Withholding in the TAS Act
NTA Blog: Voluntary Withholding in the Taxpayer Assistance and Service Act On January 30, 2025, a discussion draft of the Taxpayer Assistance and Service Act (“TAS Act”) was jointly released by Senator Mike Crapo, Chairman of the Senate Finance … Read More
TAS Act: Timely Submitted Payments and Electronic Documents
Earlier this year, a significant step toward modernizing tax processes was taken with the introduction of the Taxpayer Assistance and Service or “TAS” Act. This groundbreaking discussion draft, released by Senator Mike Crapo, chairman of the Senate Finance Committee, and … Read More
TAS Act Would Eliminate Installment Agreement Fees for Low-Income Taxpayers
NTA Blog: Eliminate Installment Agreement Fees for Low-Income Taxpayers Based on Current Income Introduction on TAS Act and Installment Agreement Fees On January 30, 2025, Senators Mike Crapo, Chairman of the Senate Finance Committee, and Ron Wyden, the Committee’s … Read More
Keep safe on social media at tax time
Take caution when on social media to not put yourself or others at risk for identity theft by sharing personal tax information. Waiting on your tax refund can be difficult. It can be even more so when you are unsure … Read More
Final Reminders Before Tax Day
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 … Read More
The TAS Act Strikes a Reasonable Balance on Return Preparer Oversight
Introduction On January 30, 2025, Senators Mike Crapo, Chairman of the Senate Finance Committee, and Ron Wyden, the Committee’s ranking member, jointly introduced a discussion draft of the Taxpayer Assistance and Service (“TAS”) Act. This proposed legislation represents a comprehensive … Read More