TAS Tax Tip: When Can You Deduct Digital Asset Investment Losses

October 19, 2023 – In the current digital asset climate of plummeting values, frozen accounts, and bankruptcy filings, if you own investments in digital assets, such as virtual currency, cryptocurrency and/or non-fungible tokens (NFTs), you might wonder when it is … Read More

TAS Success Story: Low Income Taxpayer Clinic Partners With TAS to Advocate for Offer in Compromise Acceptance

September 21, 2023  – A distraught taxpayer contacted TAS for help because her mother had been in a conservatorship with a stranger. The taxpayer and her mother were unaware that the conservator had been court-appointed.    Success Story: TAS helps in … Read More

TAS Tax Tip: Waiting on an Employee Retention Credit Refund?

September 28, 2023 – The Employee Retention Credit (ERC) is a complex tax credit for businesses and tax-exempt organizations that kept paying employees during the COVID-19 pandemic when they were shut down due to a government order, had a significant decline in … Read More

TAS Success Story: TAS helps in conservatorship refund case

September 21, 2023  – A distraught taxpayer contacted TAS for help because her mother had been in a conservatorship with a stranger. The taxpayer and her mother were unaware that the conservator had been court-appointed.    Success Story: TAS helps in … Read More

TAS Tax Tip: Get an Identity Protection PIN to protect yourself from tax-related identity theft

September 7, 2023 – TAS is pleased to share the news that the IRS has now opened up enrollment in the Identity Protection PIN (IP PIN) program to anyone who has a Social Security number (SSN) or Individual Taxpayer Identification Number … Read More

TAS Tax Tip: Important Reminders for October Extension Filers

September 1, 2023 – Most taxpayers who requested an extension of time to file for their 2022 federal income tax return will have until Monday, October 16, 2023, to file. TAS Tax Tip: Important Reminders for October Extension Filers    Extension of Time … Read More

TAS Success Story: TAS ensures statutes are appropriately enforced

September 1, 2023  – When a taxpayer does not file a required tax return, the IRS has the option of preparing the return on their behalf, which is commonly called a Substitute for Return (SFR).   Success Story: TAS ensures … Read More

TAS Tax Tip: The IRS Launches Paperless Processing Initiative

August 31, 2023 – Starting in 2024, you can begin communicating with the IRS digitally; additional enhancements coming in 2025.  The IRS announced that taxpayers will have the option to go paperless for IRS correspondence by the 2024 filing season, … Read More

TAS Tax Tip: Don’t Fall Victim to an Employee Retention Credit Scheme

August 17, 2023 – TAS Tax Tip: Don’t Fall Victim to an Employee Retention Credit Scheme  Aggressive marketers and scammers have their targets set on the Employee Retention Credit (ERC). You may have seen television commercials or received emails promising … Read More

IRS halts most unannounced collection employee visits to taxpayers

August 11, 2023 – Effective July 24, most unannounced visits by revenue officers will stop. IRS halts most unannounced collection employee visits to taxpayers On July 24, the IRS announced that it will immediately end most unannounced revenue officer (RO) … Read More