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IRS NEWSLETTERS

IRS NEWSLETTERS

When the IRS needs to ask a question about a taxpayer’s tax return, notify them about a change to their account, or request a payment, the agency often mails a letter or notice to the taxpayer. Getting mail from the IRS is not a cause for panic but, it should not be...
IRS backlog at 8.2 million tax returns

IRS backlog at 8.2 million tax returns

The Internal Revenue Service says it has made progress this summer in reducing its COVID-created paperwork backlog. In fact, it has caught up on last year’s stacked up filings that didn’t have issues. “The IRS is opening mail within normal...
Why Don’t deposit a wrong IRS refund check

Why Don’t deposit a wrong IRS refund check

Remember earlier this summer when a South American worker got a paycheck of more than $165 million Chilean pesos, or nearly $184,000 in U.S. dollars? It was a mistake. And while the man reported the overpayment to his supervisors, he also decided to take the...
Tax moves to make this August

Tax moves to make this August

Summer’s winding down, with schools opening their doors across much of the country in just a few weeks. So of course, you’re thinking of one last getaway to escape the sweltering dog days. But before you head out to a beach retreat or cooler mountain...
Tax moves to make if you missed Tax Day

Tax moves to make if you missed Tax Day

 you missed Tax Day. It happens. Don’t panic. But don’t dawdle. The Internal Revenue Service is serious about wanting your tax forms and, of course, any taxes you owe. If you miss the annual deadline, regardless of exactly when it falls, then...
Tax-filing Moves

Tax-filing Moves

If you’ve yet to file your 2021 return, here are five tax tasks to complete as the April 18 filing deadline nears. 1. Decide what you’re going to do about your 2021 return. With Tax Day just two weeks away, the IRS still is waiting on millions of...