IRS Announces New Sign-In Process for Form 990-N Filers

2022-08-24 The IRS announced that beginning August 2022, smaller charities that are eligible and choose to file Form 990-N, Electronic Notice for Tax-Exempt Organizations (e-Postcard), must sign into the IRS modernized authentication platform using either their active IRS username or create an account with ID.me, the current IRS credential service provider. Further, filers have three options when accessing the Form 990-N submission page. They can sign in with their active…

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Missouri Disaster Relief Notice (MO-2022-07),2022ARD 149-1,Internal Revenue Service,(Aug. 16, 2022)

2022-08-24 Victims of severe storms and flooding beginning July 25, 2022, now have until November 15, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today. Following the recent disaster declaration issued by the Federal Emergency Management Agency, the IRS announced that affected taxpayers in certain areas will receive tax relief. Individuals and households affected by severe storms and flooding that…

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IRS tip – Understanding taxpayer rights: Every taxpayer has the right to privacy

2022-08-18 The privacy of America's taxpayers is paramount at the IRS. The right to privacy is one of ten rights the Taxpayer Bill of Rights gives all taxpayers. Taxpayers have the right to expect that any IRS inquiry, examination, or enforcement action will comply with the law and be no more intrusive than necessary. Taxpayers can also expect that the IRS will respect all due process rights, including search and…

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IRS Advice – Taxpayers should be sure to have all their information before going to a tax professional

2022-08-16 Taxpayers using a professional tax preparer should make sure they have all their information readily available before their appointment. Collecting their information and getting copies of any missing documents before taxpayers sit down to prepare their return is critical to filing an accurate tax return. Having organized records and information in hand helps prevent filing errors and will likely create a smoother filing experience. Here’s a list of information…

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Form 990-N filers will use a new sign-in process beginning this summer

2022-08-15 Beginning August 2022, smaller charities that are eligible and choose to file Form 990-N, Electronic Notice for Tax-Exempt Organizations (e-Postcard), must sign into the IRS modernized authentication platform using either their active IRS username or create an account with ID.me, the current IRS credential service provider. When accessing the Form 990-N submission page, Form 990-N filers have three options: Sign in with their active IRS username: Users with an…

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IRS Tax Tip – What business owners need to do when closing their doors for good

2022-08-10 There are a few things business owners need to do before they close their business ( https://www.irs.gov/businesses/small-businesses-self-employed/closing-a-business ). Of course, they need to fulfill their federal tax responsibilities. It’s also important to notify the IRS of their plans. http://ow.ly/ZOfq50KbJYC Business owners must take these steps when closing a business: File a final tax return and related forms. The type of return to file and related forms depends on the…

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IRS Worker Classification 101: employee or independent contractor

2022-08-02 A business might pay an independent contractor and an employee for the same or similar work, but there are key legal differences between the two. It is critical for business owners to correctly determine whether the people providing services are employees or independent contractors. An employee is generally considered anyone who performs services, if the business can control what will be done and how it will be done. What…

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Should you extend the IRS Statute of Limitations in an Audit ?

2022-07-08 The IRS may ask the taxpayer to extend the statute of limitations on assessment of additional tax during a tax audit if the statute of limitations is about to run out. This is a complex situation, so consultation with an adviser is recommended. While the taxpayer may have a natural urge to decline the request, each taxpayer's facts and circumstances must be considered when deciding whether to agree to…

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IRS expands voice bot options for faster service

2022-06-22 The Internal Revenue Service today announced expanded voice bot options to help eligible taxpayers easily verify their identity to set up or modify a payment plan while avoiding long wait times. (IR-2022-127, Internal Revenue Service, (Jun. 20, 2022)) Eligible taxpayers who call the Automated Collection System (ACS) and Accounts Management toll-free lines and want to discuss payment plan options can authenticate or verify their identities through a personal identification…

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IRS Independent Office of Appeals Working to Reduce Cycle Times

2022-05-19 The Internal Revenue Service’s Independent Office Of Appeals has seen its cycle times for handling appeals cases stretch to more than year during the COVID-19 pandemic, but the office is working to get it back to pre-pandemic levels. The cycle time for closed cases in fiscal year 2021 reached 372 days, up from 194 days in fiscal year 2018. Keyso noted that the upward trend started from there into…

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