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No Filing Deadline Extension Recommended Despite IRS Backlog – NTA

No Filing Deadline Extension Recommended Despite IRS Backlog – NTA The Internal Revenue Service should not extend the individual filing tax deadline, currently set at April 18 for most of the country, despite the significant backlog in processing of paper tax returns and other mail correspondence that can have an impact in the current the […]

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Simplified Return Filing Procedures Let Individuals Claim 2021 Child, Recovery Rebate and Earned Income Credits

Simplified Return Filing Procedures Let Individuals Claim 2021 Child, Recovery Rebate and Earned Income Credits Individuals who are not required to file tax returns for 2021 may use simplified procedures to file returns to claim: The 2021 child credit, which was expanded and increased for 2021. The IRS may have paid up to one-half of […]

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IRS Begins 2022 Tax Season and Issues Tips for a Smooth Filing Season

IRS Begins 2022 Tax Season and Issues Tips for a Smooth Filing Season The IRS has reminded taxpayers to take extra precautions to file accurate tax returns electronically to speed refunds as the agency begins the 2022 tax filing season. The IRS is now accepting and processing 2021 tax returns. Over 160 million individual tax […]

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IRS Backs Off of Facial Recognition Verification

IRS Backs Off of Facial Recognition Verification The Internal Revenue Service is halting its plans for widespread implementation of a system that would have required taxpayers to use facial recognition and authentication to access services on the agency’s website. In a February 7 statement released by the IRS, the agency said “it will transition away from […]

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Form 14457, Voluntary Disclosure Practice Preclearance Request and Application Has Been Updated

Form 14457, Voluntary Disclosure Practice Preclearance Request and Application Has Been Updated The IRS has announced that Form 14457, Voluntary Disclosure Practice Preclearance Request and Application, has been revised. Form 14457 allows taxpayers who may face criminal prosecution for willful violation of tax law to voluntarily disclose information to the IRS. These updates and additions […]

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