What to do if you receive an Employee Retention Credit recapture letter Background As part of its ongoing Employee Retention Credit compliance work, the IRS announced on August 15, 2024, that they will be sending up to 30,000 Employee … Read More
Tax Tips
Taxpayers Need to Beware of These Popular Scams
If it sounds too good to be true, then it probably is. Unscrupulous promoters are aggressively advertising on social media telling taxpayers that they are entitled to free money from the IRS. The IRS has received thousands of claims where … Read More
Federal tax filing information and tips to help you avoid common errors
TAS Tax Tip: Federal tax filing information and tips to help you avoid common errors Tax Filing Resources The IRS will generally opens the filing season at the end of January. For updated dates view Filing Season Resources. … Read More
Ahead of filing season, TAS introduces a new design for the Taxpayer Roadmap pages
Newly Designed Taxpayer Roadmap Pages Ahead of Filing Season Ahead of filing season, TAS introduces a new design for some Taxpayer Roadmap pages Getting ready for filing season? Check out the TAS redesigned taxpayer notice pages (or stops) to … Read More
TAS TAX TIP: IRS Resumes Sending Some Collection Notices
The post TAS TAX TIP: IRS Resumes Sending Some Collection Notices appeared first on Taxpayer Advocate Service. Source: taxpayeradvocate.irs.gov
TAS Tax Tip: Resolving an Improper ERC Claim
November 1, 2023 – If you have determined you do not quality for an Employee Retention Credit (ERC) you claimed, the IRS has provided guidance on whether you can withdraw your claim, and if so, how to withdraw your claim. … Read More
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 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 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