Tax Blog

One of the Internal Revenue Service’s main advisory committees is asking Congress to give the agency the funding it needs to function well. The recommendations, split into two categories, come from the Electronic Tax Administration Advisory Committee, or ETAAC, in its annual report to Congress.… Read more about ETAAC Recommends IRS Funding, MeF Enhancements (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Every year, the Internal Revenue Service hosts the Nationwide Tax Forum, providing tax professionals the opportunity to learn more about topics like tax law and cybersecurity. Unfortunately, the registration window for this year’s event is about to close.… Read more about Time Short to Register for Nationwide Tax Forum (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

National Taxpayer Advocate Erin Collins says the Internal Revenue Service is concerned about the 21.3 million paper-return backlog. In her midyear report to Congress, Collins notes that low-income families could face financial burdens as affected refunds are frequently delayed by 10 months.… Read more about IRS Delays, Backlog Concerning to National Taxpayer Advocate (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service started using voice bots on many of its toll-free telephone lines around the first of the year. The system has already helped more than 3 million taxpayers avoid wait times for simple questions about payments or notices, and the agency is adding more options.… Read more about IRS Voice Bots Get New Options (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Singer Neil Sadaka was right: breaking up is hard to do. For clients in the process of ending their marriage, there is more to consider than a simple separation of assets. Whether legally separating or divorcing, they could be facing big changes in their individual tax situations—and the Internal Revenue Service recently highlighted information that could help.… Read more about Separation and Divorce Tax Issues to Consider (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Due to rising gasoline prices, the Internal Revenue Service has taken the rare step of increasing its optional standard mileage rates for the last six months of the 2022 tax year. These rates are significant since taxpayers use them to calculate the deductible costs of operating a vehicle for business purposes.… Read more about 2022 Mileage Rates Increasing (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…