Taxpayer Advocate Service Partners With IRS to Provide Face-to-Face Saturday Help

Saturday Help The Taxpayer Advocate Service (TAS) is pleased to announce we are partnering with the IRS to offer in-person help one Saturday each month in February, March, April and May, from 9 a.m. to 4 p.m. in multiple cities. Check back to stay informed of new dates and location announcements. TAS will have representatives available […]

TAS Shares IRS’s Guidance on Taxability of State Tax Payments

TAS Shares IRS’s Guidance on Taxability of State Tax Payments 1- Foreign Exchange Currency SBP

In her blog dated February 9, National Taxpayer Advocate Erin M. Collins noted that the IRS must issue guidance and provide education in a proactive and timely manner. Timely guidance is key to eliminating confusion and frustration for taxpayers and tax professionals, earning the trust of the American people, and providing quality service. One example […]

TAS Tax Tip: Small Business Filing and Recordkeeping Requirements

TAS Tax Tip: Small Business Filing and Recordkeeping Requirements 3- key steps effective financial planning

There are about 57 million small businesses and self-employed taxpayers in the United States, including: The Taxpayer Advocate Service is sharing the following information with small business taxpayers to: Small Business Filing Requirements Generally, the federal tax forms you will need to file vary depending on the type of business: Business Entity Type of Tax […]

NTA Blog: Lookback Rule: The IRS Fixes the Refund Trap for the Unwary

NTA Blog: Lookback Rule: The IRS Fixes the Refund Trap for the Unwary 5- taxes 01

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 the postponed period of April 16, 2021, and May 17, 2021. Without IRS intervention, any claims for credit or […]

The IRS Extends Disaster Relief to Victims of January and February Storms

The IRS Extends Disaster Relief to Victims of January and February Storms 7- disaster relief jan feb 2023 1200x810 1

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 individual and business tax returns and make certain tax payments. Details about these recent tax relief provisions can be found […]

NTA Blog: Disaster Relief: What to Know if You’ve Been Affected By a Federally-Declared Disaster and the Recent Additional Time Provided For Parts of Alabama, California and Georgia

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 destruction to their home, business, and critical documents. To assist taxpayers, the President may declare the event a federal […]