by | Jul 7, 2020 | Tax Tips and News
The Internal Revenue Service has a little excess cash it would like to get rid of. It comes in the form of unclaimed income tax refunds for taxpayers who didn’t file a 2016 tax return. The unclaimed refunds are worth some $1.5 billion and the IRS says about 1.4...
by | Jul 2, 2020 | Tax Tips and News
The office closures suffered by the Internal Revenue Service during the opening weeks of the coronavirus pandemic lead to a near shutdown of the agency’s audit program, a new report suggests. Between April 1 and July 15, the IRS did not start new field, office, or...
by | Jul 1, 2020 | Tax Tips and News
The Internal Revenue Service has some bad news for taxpayers hoping that the tax filing and payment deadlines would get pushed back again. In a recent IRS Newswire press release, the agency said taxpayers should either file their tax return or an extension by July 15....
by | Jun 30, 2020 | Tax Tips and News
Erin M. Collins, the nation’s new National Taxpayer Advocate, has issued her first report to Congress, which details the series of challenges—some met, some unmet—faced by the IRS this year. The challenges ranged from the COVID-19 pandemic and the subsequent aid and...
by | Jun 30, 2020 | Tax Tips and News
When will the IRS start processing CAF requests? The Internal Revenue Service last Thursday announced that it is beginning to process Centralized Authorization File requests, like Forms 2848 and 8821. This comes two weeks after the IRS issued an update for reporting...
by | Jun 27, 2020 | Tax Tips and News
A new report to Congress from one of the Internal Revenue Service’s advisory panels is calling for the government to do something unusual: Fully fund the IRS budget request. The request comes from the Electronic Tax Administration Advisory Committee, or ETAAC, a panel...
