Unemployment compensation, including special unemployment compensation authorized under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, must generally be included in gross income. If you are receiving unemployment benefits, the benefits are taxable. Do you know you can have … Read More
Author Archives: Stephen Rea
Tax Tip Filing a Petition with the United States Tax Court
Taxpayers have the right to appeal an IRS decision in an independent forum. One way taxpayers may exercise this right is by filing a petition with the United States Tax Court. How do I get to the Tax Court? Receiving … Read More
Taxpayers Can Now Electronically Submit 2019 Forms 1040-X in Certain Cases
Starting now, for tax year 2019 only, Form 1040-X, Amended U.S. Individual Income Tax Return can be filed electronically, though commercial tax-filing software. Please be aware that these cannot currently be e-filed directly through IRS systems. Taxpayers will have to … Read More
Time to claim the Economic Impact Payment for non-filers is extended to November 21
Non-filers now have until November 21 to register for their Economic Impact Payment (EIP). Eligible individuals, with little or no income and who are not normally required to file tax returns, now have more time to claim an Economic Impact … Read More
LITCs Offering Assistance with Economic Impact Payments
Low-Income Taxpayer Clinics (LITC) Offering Targeted Assistance with Economic Impact Payments These organizations may be able to assist you with claiming the EIP. Please note that the hours referenced are for the time zone where the clinic is located. Clinics … Read More
TAS Tax Tip: Why Do I Owe a Penalty and What Can I Do About It?
I sent a payment to the IRS. Why did I get a bill? If you mailed a payment to the IRS on or before July 15, it may still be unopened in the backlog of mail the IRS is processing … Read More
TAS Tax Tip: Important Reminders for October 15 – Extension Filers
Most individual taxpayers who filed an extension for their 2019 federal income tax return have until Thursday, October 15 to file. Although October 15 is the last day for most people to file, some taxpayers may have more time. They … Read More
Blog de NTA: TAS extiende una mano para la Semana Nacional de la Pequeña Empresa
Suscríbase al Blog de la NTA y reciba actualizaciones sobre las últimas publicaciones del blog de la Defensora Nacional del Contribuyente Erin M. Collins. Se pueden encontrar blogs adicionales en www.taxpayeradvocate.irs.gov/blog. In English Cada año desde 1963, los Estados Unidos … Read More
TAS Tax Tip: COVID-19 Business Tax Relief Tool for Businesses and Tax-Exempt Entities
Need relief for employment taxes? Here’s a simple way to find out what your options might be under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and/or the Families First Coronavirus Response Act (FFRCA). What Are the Tax … Read More
NTA Blog: TAS Extends a Hand for National Small Business Week
Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Erin M. Collins. Additional blogs can be found at www.taxpayeradvocate.irs.gov/blog. Each year since 1963, the United States has celebrated National Small Business Week. … Read More