Required Minimum Distribution Taxpayers generally have to start taking withdrawals from their IRA, SEP IRA, SIMPLE IRA, or retirement plan account(s) when reaching age 72 (70 ½ if you were born before July 1, 1949). These withdrawals, called required minimum distributions … Read More
Author Archives: Chamille Houston
TAS Tax Tip: Join us in January for pre-filing tax tips to make this filing season go a lot smoother
Taxpayer Advocate offices around the country will be conducting Pre-Filing Season events in January 2022. We will share tax tips to help you avoid common tax filling errors this tax season, so your tax return is ready to go this … Read More
TAS Tax Tip: Did your advance Child Tax Credit payment end or change?
If your advance Child Tax Credit (CTC) payment ended in, or changed for the month of October, it may be because you mistakenly received advance CTC payments. The IRS provided some potential reasons for the change in a statement released … Read More
TAS Tax Tip: Advance Child Tax Credit payments: Nov. 29 is last day for families to opt out or make other changes
Updating Advance Child Tax Credit Payment IRS issued a reminder for families collecting advance payments of the Child Tax Credit (CTC) that Nov. 29, is last day for families to opt out or make other changes. The Child Tax Credit … Read More
TAS Tax Tip: Did you have an advance payment of the Child Tax Credit issued to you, but did not receive it?
Missing Advance Child Tax Credit Payment Very soon, if you received advance payments of the Child Tax Credit, you will be required to reconcile the payments received between July and December with the total amount of credit you are eligible … Read More
TAS 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 … Read More
TAS Tax Tip: Resources for Military Personnel and Their Families
Did you know that members of the U.S. Armed Forces can have special tax considerations for both federal and state tax purposes? Military Tax Resources Here are some resources to help military personnel, including veterans, understand federal tax issues unique … Read More
IRS to issue new form for visually impaired taxpayers to request accessible notices and letters
Taxpayers who claimed the additional standard deduction for the blind on their Form 1040 or Form 1040-SR tax return within the last two tax years should have received IRS Letter 9000 EN-SP, Alternative Media Preference Election, between September 15 and … Read More
TAS Tax Tip: Got married? Here are some tax ramifications to consider and actions to take now
Did you get married this year or plan to marry before Dec. 31st? If yes, read on… When you get married, your tax situation changes. Your marital status as of Dec. 31 determines your tax filing options for the entire … Read More
TAS Tax Tip: IRS provides answers to custody situations that affect Advance Child Tax Credit payments
Custody Situations for Advance Child Tax Credit Payments Parents who share custody of their children should be aware of how advance child tax credit (CTC) payments are distributed. This information could help you avoid a possible tax bill when filing … Read More