IRS News
Payroll Taxes Funded The Most Scandalous Frauds In 2020 And 2021
For two years in a row, the Association of Certified Fraud Examiners has placed theft of pandemic-related enhanced unemployment benefits at the top of its annual list of five most scandalous frauds.
forbes.com
Why Another Brutal Filing Season for The IRS May Not Help It Get More Funding
The Internal Revenue Service has limped through yet another tax filing season, reduced to plugging staffing holes in customer service and returns processing by shifting workers around
taxpolicycenter.org
Security Summit warns tax pros to watch for tell-tale signs of identity theft | Internal Revenue Service
With identity thieves continuing to target the tax community, Internal Revenue Service Security Summit partners today urged tax professionals to learn the signs of data theft so they can react quickly to protect clients.
irs.gov
Oligarch Yacht Hunting Is Energizing The Battle Against Financial Corruption
The U.S.’s new task force, KleptoCapure, with the IRS and its global partners, is not only trying to bring down Russian oligarchs but pushing to overhaul an opaque, secretive financial system.
forbes.com
The IRS Waiting Game Is Disrupting the Lives of Taxpayers
For months, we’ve been reading about IRS processing delays. But what do those numbers really mean? Here’s a look at some of the real life problems taxpayers are reporting as a result of the delay.
bloombergtax.com
IRS issues standard mileage rates for 2022 | Internal Revenue Service
The Internal Revenue Service issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
irs.gov
From The Desk of Keith L. Jones, CPA
NTA Blog: An Overloaded IRS Stops Certain Automated Notices, But Taxpayers Still Need to File Federal Tax Returns and Pay Outstanding Taxes - TAS
OVERLOADED IRS STOPS CERTAIN AUTOMATED NOTICES, BUT TAXPAYERS STILL NEED TO FILE FEDERAL TAX RETURNS AND PAY OUTSTANDING TAXES
In the latest NTA BLOG, National Taxpayer Advocate Erin M. Collins breaks down critical information taxpayers and tax practitioners need to know about the IRS’s recent decision to suspend some automated collection notices.
“We commend the IRS for suspending automated collection notices normally issued when a taxpayer owes additional tax and when the IRS has no record of a taxpayer filing a tax return,” says Collins. “This is a big relief for millions of taxpayers who may have received these notices while still waiting for the IRS to process their returns or address correspondence. Remember that interest and penalties will continue to mount, even if the IRS is not sending subsequent notices reminding taxpayers of their balances.”
The NTA encourages taxpayers to access or establish an online account with the IRS to view current balances and make payments.
The blog also cautions that despite the IRS stopping certain collection notices case-specific enforcement work will continue. This means some taxpayers may: • Receive a Notice of Federal Tax Lien; • Receive a Notice of Intent to Levy; • Have a certain property levied; and • Have their overpayments, including refundable tax credits, offset outstanding tax liabilities. Information is also provided about how taxpayers can seek relief from levies and refund offsets. Read the full NTA Blog for more important details.
The Taxpayer Advocate Service invites you to share this vital tax information with your audience.
irs.gov