by Patricia Parrilla Tax Services | Jun 30, 2020 | Tax Tips and News
Erin M. Collins, the nation’s new National Taxpayer Advocate, has issued her first report to Congress, which details the series of challenges—some met, some unmet—faced by the IRS this year. The challenges ranged from the COVID-19 pandemic and the subsequent aid and...
by Patricia Parrilla Tax Services | Jun 30, 2020 | Tax Tips and News
When will the IRS start processing CAF requests? The Internal Revenue Service last Thursday announced that it is beginning to process Centralized Authorization File requests, like Forms 2848 and 8821. This comes two weeks after the IRS issued an update for reporting...
by Patricia Parrilla Tax Services | Jun 27, 2020 | Tax Tips and News
A new report to Congress from one of the Internal Revenue Service’s advisory panels is calling for the government to do something unusual: Fully fund the IRS budget request. The request comes from the Electronic Tax Administration Advisory Committee, or ETAAC, a panel...
by Patricia Parrilla Tax Services | Jun 25, 2020 | Tax Tips and News
The Internal Revenue Service is giving tornado, thunderstorm and flooding victims in three states extra time to file their various tax returns and make tax payments. Severe storms raked parts of Mississippi, Tennessee and South Carolina in April; those areas have...
by Patricia Parrilla Tax Services | Jun 23, 2020 | Tax Tips and News
The COVID-19 pandemic has forced millions of Americans to take extraordinary steps just to stay afloat financially. For those taxpayers who might want to take distributions against their retirement plans or even borrow against their plans, the IRS has announced new...
Patricia Parrilla Tax Services