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
Accounting
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
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
Follow these tips to help prevent common issues and avoid refund delays
The post Follow these tips to help prevent common issues and avoid refund delays appeared first on Taxpayer Advocate Service. Source: taxpayeradvocate.irs.gov
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
NTA Blog: Happy Thanksgiving
NTA Blog: Happy Thanksgiving This Thanksgiving, as we continue to adjust our work and personal lives, I am reflecting on the many reasons I have to be grateful. I am especially grateful for my TAS family and so proud … 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