The IRS has issued instructions for the return of stimulus checks sent to individuals who are ineligible or deceased. The following is a reprint from the IRS website instructing how the checks should be handled: If the payment was a paper check: Write “VOID” in the endorsement section on the back of the check. Mail […]
First of all, DON’T panic until you read the letter or notice. Every year, the IRS sends millions of notices and letters to taxpayers, and some of them, believe it or not, are benign. Next, you should IMMEDIATELY forward the letter/notice to your tax preparer. They are much more accustomed to these notices/letters and can […]
Sadly, the internet has brought new found problems as well as the tremendous benefits proven over the years. With regard to the IRS, there are everyday challenges to protect taxpayers and their sensitive data. You’ve heard it before, but the information in this blog bears repeating. In their attempt to avoid theft of taxpayer information […]
We have addressed the first seven Rights that taxpayers have according to the Taxpayer Bill of Rights. As we conclude this mini-series, we will look at the final three Rights. THE RIGHT TO CONFIDENTIALITY. Taxpayers have the right to expect that any information they provide to the IRS will not be disclosed unless authorized by […]
Our last two blogs have addressed four of the ten Rights that taxpayers have according to the Taxpayer Bill of Rights. Let’s look at the next three Rights. THE RIGHT TO APPEAL AN IRS DECISION IN AN INDEPENDENT FORUM. Taxpayers are entitled to a fair and impartial administrative appeal of most IRS decisions, including many […]
Our last blog was the first in our series highlighting the ten Rights that taxpayers have according to the Taxpayer Bill of Rights. This blog will highlight the next three Rights. THE RIGHT TO QUALITY SERVICE. Taxpayers have the right to receive prompt, courteous, and professional assistance in their dealings with the IRS, to be […]
Did you know that as a taxpayer, you have a Bill of Rights? Most taxpayers mumble and grumble about the IRS but they don’t realize that there is a published Bill of Taxpayer Rights which can be used to the advantage of the taxpayers. For the next few blogs, we will share these Rights. The […]
There’s a knock on your door and the person tells you they are from the IRS. Are they? People can avoid taking the bait and falling victim to a scam by knowing how and when the IRS does contact a taxpayer in person. This can help someone determine whether an individual is truly an IRS employee. Here […]
OK, the holiday shopping is done, so what is there to surf on the internet? Have you ever checked out the IRS website? I can hear you saying “How exciting!” But, before you pass judgment on my suggestion, why not take a look at www.irs.gov ? It just MIGHT have some information which may be […]
Historically, individuals who have invested in IRAs have had the ability to roll over each IRA on an annual basis. Known as the one-rollover-per-year, the IRS’ own Publication 590 has detailed that each individual IRA can be rolled over once in any twelve month period. However, that has just changed. In 2008, Alvan Bobrow rolled […]
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