Department of Economic Development revised processing of Neighborhood Assistance Program and Youth Opportunity Program Tax Credits

Department of Economic Development revised processing of Neighborhood Assistance Program and Youth Opportunity Program Tax Credits 2020-03-24 With a confirmed case of COVID-19 at the Truman Building in Jefferson City, all Department of Economic Development programs (Neighborhood Assistance Program, "NAP", and Youth Opportunity Program Tax Credits, "YOP") will now be accepting all applications and documentation digitally. Until further notice, faxes and mail will only be retrieved periodically. Tax Credit Certificates…

Continue ReadingDepartment of Economic Development revised processing of Neighborhood Assistance Program and Youth Opportunity Program Tax Credits

IRS increases the fee for Offers in Compromise to $205

IRS increases the fee for Offers in Compromise to $205 2020-03-13 The increase in offer in compromise (OIC) user fee from $186 to $205 applies to offers filed after April 27, 2020. When an OIC is accepted, the user fee is either applied against the amount to be paid under the offer or refunded to the taxpayer if the taxpayer requests a refund pursuant to §300.3(b)(2). Offers based on doubt…

Continue ReadingIRS increases the fee for Offers in Compromise to $205