In her mid-year report to Congress, National Taxpayer Advocate, Erin Collins, recommends three IT projects that would directly benefit taxpayers. Noting the IRS’ longstanding issues in managing outdated technology, while recommending general ongoing upgrades, Ms....
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IRS Fraud Investigation Trends Show a 32% Increase
The Treasury Inspector General for Tax Administration (TIGTA) recently reviewed the IRS’ Criminal Investigation Division’s activity following significant budget increases from 2019 through 2023. TIGA confirmed that the division’s special agency staffing has been...
Large Businesses and International Taxpayers Gain Assurances through the IRS’ Pre-Filing Agreement Program!
The IRS has recently made upgrades to its Pre-Filing Agreement (PFA) program, making it easier for large businesses and international taxpayers to voluntarily comply with reporting requirements. Through the PFA program, taxpayers can feel more certain that they will...
A Fresh Reminder from the IRS for Individuals and Small Businesses to Avoid Scams
In honor of National Small Business Week, the IRS reminds us of the relentless and sophisticated fraudsters just waiting to take advantage of unsuspecting taxpayers, particularly when they are vulnerable such as during a disaster. The IRS publishes its “Dirty Dozen”...
The IRS is Providing Numerous Resources for Small Businesses in Honor of National Small Business Week
The IRS is celebrating National Small Business Week, and to do so, they have released a compilation of resources to assist small businesses with filing or to help protect them from various scams or pitfalls. There will be new topics discussed each day this week,...
Act Now to Prevent a Large Tax Bill!
If you have ever been hit with a large tax bill after filing your taxes, it could be because the withholdings your employer was taking out of your paycheck were incorrect. When filing a Form W-4 with your employer, it is important to ensure the correct amount is being...
IRS Suggestion Box?
It’s true – the IRS now has a suggestion box where taxpayers can make recommendations on how the IRS may improve (in 500 characters or less). My first thought was the countless number of rude suggestions the IRS will receive, and that the people reviewing the...
Filing on Extension? Remember, No Extension on Payment!
The IRS reminds taxpayers at any income level that while they may file a request for a six-month extension of time to file from the traditional deadline of April 15th, there is no extension on the time for payment. While taxpayers may not incur a penalty or interest...
Where There’s a Tax Credit, There’s a Criminal
The Employee Retention Credit (ERC), a program created to help struggling small businesses during the pandemic, is just one of several IRS credits fraught with abuse, whether by criminals or well-intended taxpayers who are confused by the rules. IRS Commissioner,...
The Sky is Not Falling Despite IRS Terminations
Choose your media outlet carefully to try to get complete information which, admittedly, is coming at warp speed these days! The IRS job cuts will not affect employees critical to the filing season. Half of the cuts will be from the Small Business/Self-Employed...