TAX PROFESSIONALS MAKE SUGGESTIONS TO IRS

Tax Professionals make suggestions to IRS. After what may have been the most grueling and difficult IRS tax filing ever, Tax Professionals Nationwide have been heard about the difficulties of the filing season and what needs to be done to fix it. As it is, it is not sustainable, as the backlog of unprocessed IRS […]

EXTRA EXTENSION OF TIME TO FILE PART TWO

Extra extension of time to file part two. We previously discussed the December 2021 tornadoes and flooding victims, who were given additional time to file their IRS returns by a memo put out by the IRS. But other reasons exist, given by the IRS, for certain groups to get an automatic extension of time to […]

TAX RELATED IDENTITY THEFT PART TWO

Tax related identity theft part two. Tax related identity theft happens when someone will take a person’s stolen Social Security number to do one of a few things. They may file a fraudulent tax return, with a phony address, hoping to get a refund check, in which case they may also try to steal your […]

IRS TO CHANGE 403 (b) RETIREMENT PLANS

IRS to change 403 (b) retirement plans. In an effort to streamline the regulation that governs how retirement accounts can be used, the IRS has proposed a change for 403 (b) plans–a type of workplace retirement plan used mostly by public and non-profit employees. Employer sponsored plans are powerful retirement tools and boast specific requirements […]

INTUIT TAX COMPANY COMMITTED FRAUD

Intuit tax company committed fraud. According to the New York Attorney General’s Office, nearly four million people will receive a check from Intuit for a tax service they used to file taxes online this least year, thinking they were getting a “Free Version” of the software, but then were not able to actually get a […]

BIDEN TOUTS DEFICIT REDUCTION BY HIM

Biden touts deficit reduction by him. President Biden has stated that the government coffers have improved significantly since he took office, compared to former President Trump. Besides the quarterly reduction in the national debt, the Treasury Department estimates that this fiscal year’s budget deficit will decline $1.5 trillion, That decrease marks a big improvement from […]

IRS ON IDENTITY THEFT PROTECTION

IRS on identity theft protection. At the IRS Website, IRS.GOV, you may find helpful information on how to address Identity Theft and what to do to protect yourself. Tax related identity theft occurs when someone uses a taxpayer’s stolen Social Security Number to file a tax return claiming a fraudulent refund. In the vast majority […]

PROTECT IDENTITY PIN FROM THE IRS

Protect identity PIN from the IRS. IN bulletin IR-2022-78, the IRS reminded taxpayers, especially those who were victims of identity theft–of an important step they should take to protect themselves from tax fraud. Some identity thieves us taxpayers information to file fraudulent tax returns. By requesting identity Protection PIN’s from the “Get an IP PIN” […]

SUPERFUND TAXPAYERS RELIEF PART TWO

Superfund taxpayers relief part two. The IRS put out Notice 2022-15 to grant relief to Taxpayers who had certain qualifications. The IRS acknowledged that in granting the relief, as well as the short time between the taxes reinstatement and the first deposit’s due date (July 29), along with initial difficulties in computing the taxes and […]

TAX RETURN MYTHS PART TWO

Tax return myths part two. Several myths apparently exist regarding tax returns and what you can do to speed up the process of getting your tax refund. These are false and in fact some involve people calling the IRS, which only wastes the IRS time and clogs up the process for those with legitimate problems. […]