FICPA News
National taxpayer advocate: 2022 could be ‘Groundhog Day’ for IRS backlog
National Taxpayer Advocate Erin Collins writes on her blog that there’s little time left for the IRS to clear its backlog by end of 2022 as the IRS commissioner promised Congress earlier this year.
journalofaccountancy.com
Tax
How Cryptocurrency and NFTs Fit into Your Estate Plan
Cryptocurrency in your estate plan may seem like a foreign concept. Read more about why need to include your digital assets in your plan.
lexern.com
IRS Announces New Retirement Plan Contribution Limits For 2023
The IRS has good news for retirement savers. Contributions limits to popular retirement plans are increasing in 2023. I'm excited about the potential tax savings.
forbes.com
Tax News
Guide To Renunciation Of U.S. Citizenship Abroad | TaxConnections Guide To Renunciation Of U.S. Citizenship Abroad
In this guide, we’ll discuss everything you need to know about the process of renouncing your U.S citizenship, how to book an appointment, waiting times you might expect, forms you need and how to complete them, interview tips and we’ll discuss the most common concerns US citizens have when renouncing your US citizenship. Everything Guide To Renunciation Of U.S. Citizenship Abroad
taxconnections.com
IRS Quickly Moves Forward With Taxpayer Service Improvements; 4,000 Hired Plus 1000 More By End Of Year | TaxConnections IRS Quickly Moves Forward With Taxpayer Service Improvements; 4,000 Hired Plus 1000 More By End Of Year
The Internal Revenue Service announced significant progress to prepare for the 2023 tax filing season as the agency passed a milestone of hiring 4,000 new customer service representatives to help answer phones and provide other services. These assistors have been hired over the last several months and are being trained to provide help to taxpayers, IRS Quickly Moves Forward With Taxpayer Service Improvements; 4,000 Hired Plus 1000 More By End Of Year
taxconnections.com
Notice CP14 | TaxConnections
What To Do If You Receive An IRS Balance Due Notice For Taxes You Have Already Paid (Do Not Panic!)
taxconnections.com
IRS backlog of tax returns just as bad as last year
The backlog of tax returns that has delayed millions of personal refunds and drowned the IRS in obsolete paper tax filings is just as bad this year as it was last year. “For some, this filing seaso…
thehill.com