The American Institute of CPAs (AICPA) had a Town Hall meeting on Thursday, January 6, 2022, to cover updates related to the tax profession. One of the items they highlighted is how dysfunctional the Internal Revenue Service (IRS) currently is. The biggest problem is they aren’t opening their mail or reading the faxes that are […]
There’s trouble at the IRS – Tell Congress to Act NOW! Read More »
On March 13, 2019, the Tax Court found that not all tax forms are equal, in that the IRS doesn’t have to recognize and update your address when you use a new address on all IRS tax forms. Earlier this year I wrote a post about how to change your address with the IRS. The
Why you should keep your address updated with the IRS Read More »
The IRS released information today that should come as a relief to taxpayers and tax preparers as we start work on our 2018 tax returns. The IRS will be waiving the estimated tax penalty for taxpayers on their 2018 tax return who didn’t have enough withholding and estimated tax payments to cover their tax liabilities.
IRS waives some penalties on withholding and estimated tax payments Read More »