February 28, 2023 – All too often we turn on the news and hear of yet another disaster affecting hundreds of thousands of people and businesses. These disasters can upend every aspect of an affected individual’s life, including damage or … Read More
Accounting
Tax News: The IRS Extends Disaster Relief to Victims of January and February Storms
February 27, 2023 – If you were a victim of the severe winter storms, flooding, landslides, and mudslides in California, or the severe storms, straight-line winds, and tornadoes in Alabama or Georgia, you now have additional time to file various … Read More
NTA Blog: Lookback Rule: The IRS Fixes the Refund Trap for the Unwary
February 27, 2023 – For tax year (TY) 2019, there were nearly 34 million returns filed between the postponed period of April 16, 2020, and July 15, 2020, and for TY 2020, there were nearly 29 million returns filed between … Read More
TAS Tax Tip: Small Business Filing and Recordkeeping Requirements
February 24, 2023 -As a small business, you may have many different types of returns that are due, and many different types of deductions. As a busy small business owner, it’s important to put a user-friendly recordkeeping system in place. … Read More
TAS Shares IRS’s Guidance on Taxability of State Tax Payments
February 21, 2023 -TAS is happy to report that the IRS has issued guidance on these special state tax payments. The guidance is complex. Because the taxability of these state payments varies depending on the type of payment and your … Read More
NTA Blog: The IRS Must Be Proactive in Issuing Timely and Clear Guidance to Resolve Tax Reporting Ambiguities
February 9, 2023 – I have written frequently about the burdens the complexity of the Internal Revenue Code imposes on taxpayers and the IRS alike. One of the burdens it imposes on the IRS and its Office of Chief Counsel … Read More
NTA Blog: EITC Awareness Day Is January 27: The Earned Income Tax Credit is an Important and Confusing Credit for Eligible Taxpayers
January 26, 2023 – The tax year (TY) 2022 filing season kicked off on January 23, 2023. Each filing season, taxpayers face a variety of challenges, including choosing a qualified return preparer, locating a volunteer tax return preparation site, selecting tax … Read More
TAS Careers: Legal Tax Advisor
December 29, 2022 – TAS will launch a Pre-Filing Season Awareness outreach campaign in January. It is a nationwide effort to help millions of taxpayers who self-prepare federal tax returns to avoid common return processing issues that cause refund delays. … Read More
National Taxpayer Advocate Joins C-SPAN’s Washington Journal for Live Questions & Answers
January 23, 2023 -The National Taxpayer Advocate Answers Taxpayer Questions About Tax Filing Season Challenges, IRS Backlogs, and More National Taxpayer Advocate Erin M. Collins appeared live on C-SPAN’s Washington Journal call-in program on January 23. The National Taxpayer Advocate … Read More