Wait to receive your W-2 form or other income statements to file your tax return

The post Wait to receive your W-2 form or other income statements to file your tax return appeared first on Taxpayer Advocate Service. Source: taxpayeradvocate.irs.gov

TAS Tax Tip: Caution: Married filing joint taxpayers need to combine Advance Child Tax Credit payment totals from IRS letters when filing

Advance Child Tax Credit (CTC) A word of caution to all married parents filing a joint return for tax year 2021 who received advance Child Tax Credit (CTC) payments in 2021: you must combine the total amounts shown in box … Read More

TAS Tax Tip: Choosing the right tax return preparer for you

Need help filing your federal tax return, but aren’t sure where to start to find a tax preparer? Start with these three easy steps: Watch our Tips for Choosing a Tax Preparer video. Visit our Choosing a Tax Return Preparer … Read More

TAS Tax Tip: Verifying your identity to access certain IRS systems

IRS Secure Access Digital Identity (SADI) IRS has updated how users sign in and verify their identity for certain IRS online services, with a mobile-friendly platform that relies on trusted third parties for authentication of identity and provides an improved … Read More

TAS Tax Tip: Federal tax filing information and tips to help you avoid common errors

2022 Tax Filing Resources The IRS will officially open the 2022 filing season for filing 2021 tax returns on January 24, 2022. ALERT: if you submit your tax return prior to this date, it will be held until the filing … Read More

TAS Tax Tip: Understanding your Collection Statute Expiration Date (CSED) and the time the IRS can collect taxes

TAS Tax Tips: Understanding your Collection Statute Expiration Date (CSED) and the time the IRS can collect taxes       The Collection Statute Expiration Date (CSED) marks the end of the collection period, the time period established by law … Read More

TAS Tax Tip: Hurricane Ida Tax Relief Extended to Feb. 15, 2022

The IRS announced on December 22, 2021 that taxpayers in six states affected by Hurricane Ida will now have until February 15, 2022 to file various individual and business tax returns and make tax payments. The updated relief covers the … Read More

TAS Tax Tip: Get ready to reconcile Child Tax and Recovery Rebate credits

Advance Child Tax Credit Payments The IRS issued a ‘Get ready for taxes’ message to help you prepare for filing your tax return this year. It includes information on how to get banked now (so you can receive a direct … Read More

TAS Tax Tip: Stop! and go to one of our pre-filing season events before you file your tax return

Pre-Filing Season Events If you file your own federal tax return, be cautious and go to one of the Taxpayer Advocate Service’s (TAS) free pre-filing season events, being held in January, before you prepare your return. We’ll explain what items … Read More

TAS Tax Tip: Don’t forget subsequent required minimum distributions (withdrawals) are due before December 31

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