Taking A Cooperative Approach To Your Legal Issues
IRS To Receive $80 Billion For Enforcement: Time to Get Right with the IRS? The Administration’s recent announcement that it wants to spend $80 billion on the IRS to beef-up enforcement should make some folks wonder if now is a good time or bad time to pay attention...
In a letter to the Commissioner and Treasury dated March 4, 2021, the prestigious AICPA has urged the government to move the upcoming filing date of April 15, 2021, back two months to June 15. The reasons for the requested extension are compelling: · Many IRS...
It has been a year since Erin Collins’ appointment as Nina Olsen’s replacement as the National Taxpayer Advocate. The NTA reports directly to the Commissioner and reports to Congress on areas of the tax law that impose significant burdens on taxpayers or the IRS,...
On May 29, 2020, Chief Judge Maurice Foley announced new procedures for conducting Tax Court proceedings remotely, in light of the COVID-19 national emergency. In so doing, Judge Foley noted that with trial sessions held in 74 cities throughout the country, the...
The CARES Act created the Paycheck Protection Program (“PPP”). Under the program, small businesses can take a loan to cover expenses to help get through the COVID-19 pandemic. The funding for the loan quickly ran out leaving many struggling business without the help...
No one can predict the future, but it is possible there will be another round of direct payments to American households. One legislative proposal is for a $2,000 per month payment for each household for a six month period. It’s not possible to say what additional...
There is a subtle hint in one of the recent press releases from the IRS which might be of interest to people who are seriously delinquent in filing their federal tax returns. In a news release about the People First Initiative, the Internal Revenue Service announced a...
The IRS issued an evacuation order on March 30, 2020, to minimize the spread of COVID-19 and protect both its employees and the public. The IRS provided an update on its operations in IR-2020-68. The IRS is still on the job and adapting to the current situation along with the rest of us. The notice encourages taxpayers to use electronic…
On March 30, 2020, the IRS announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. Eligible taxpayers who filed tax returns for either 2019 or 2018 will...
The IRS is responding to the Coronavirus (COVID-19) pandemic in many different ways. The IRS specifically addressed installment agreements in Notice IR 2020-59. For those with an existing installment agreement, the requirement to make monthly payments is suspended for...
