IRS Awarded New contracts to Private Collection Agencies, IR-2021-191, Sept. 22, 2021

2021-09-23 The Internal Revenue Service has awarded new contracts to three private-sector collection agencies for collection of overdue tax debts. The new contracts begin Thursday following today's expiration of the old contracts. Beginning Thursday, Sept. 23, 2021, taxpayers with unpaid tax bills may be contacted by one of the following three agencies: CBE Group, IncCoast Professional, IncConServePO Box 2217PO Box 526PO Box 307Waterloo, IA 50704Albion, NY 14411Fairport, NY 14450800-910-5837888-928-0510844-853-4875 Notification…

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New IRS Feature Gives Taxpayers Digital Control Over Who Can Represent Them or View Their Tax Records

2021-09-14 One of many recent enhancements to the Online Account for individuals, thus new feature allows individual taxpayers to authorize their tax practitioner to represent them before the IRS with a Power of Attorney (POA) and to view their tax accounts with a Tax Information Authorizations (TIA). This new digital authorization option will be a much faster process. It will allow the IRS to reduce its current CAF inventory and…

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Updating EIN Responsible Person in IRS Records

2021-09-14 The Internal Revenue Service urged those entities with Employer Identification Numbers (EINs) to update their applications if there has been a change in the responsible party or contact information. IRS regulations require EIN holders to update responsible party information within 60 days of any change by filing Form 8822-B, Change of Address or Responsible Party - Business. It is critical that the IRS have accurate information in cases of…

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Here’s why taxpayers should have an IRS online account

Issue Number: Tax Tip 2021-107, 2021-07-26 An IRS online account is an safe an easy way for individual taxpayers to view specific details about their federal tax account. Here are some of the benefits and features of this online system. Taxpayers can view: Their payoff amount, which is updated for the current day.The balance for each tax year for which they owe taxes.Their payment history.Key information from the their most…

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IRS improves services to taxpayers with digital authorizations and launch of new Tax Pro Account

2021-07-20 IR-2021-154, July 19, 2021 The IRS launched a new feature that will give taxpayers digital control over who can represent them or view their tax records. The new feature, one of many recent enhancements to the Online Account for individuals, will allow individual taxpayers to authorize their tax practitioner to represent them before the IRS with a Power of Attorney (POA) and to view their tax accounts with a…

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New IRS Child Tax Credit Update Portal

2021-06-22 The portal is open to Unenroll for the AdvCTC payments. The Child Tax Credit will help many families get advance payments of the Child Tax Credit starting in the summer of 2021. Half the total credit amount will be paid in advance monthly payments and taxpayers will claim the other half when they file their 2021 income tax return. The IRS will issue the first advance payment on July…

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IRS updates its “Get Transcript” service for individuals

2021-06-14 The IRS has a new transcript format for its "Get Transcript" web page that better protects taxpayer data. This new format partially masks taxpayer's personally identifiable information. Financial data will remain fully visible to allow for tax preparation, tax representation or income verification. Learn more at About the New Tax Transcript and the Customer File Number. Cuation: The Get Transcript Service is for individual taxpayers to retrieve their own…

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Checking withholding can help taxpayers decide if they need to give their employer a new W-4

2021-05-28 IRS Tax Tip 2021-75, May 26, 2021 All taxpayers should review their federal withholding each year to make sure they're not having too little or too much tax withheld. Employees, retirees and self-employed individuals can use the IRS Tax Withholding Estimator to help decide if they should make a change to their withholding. This online tool guides users, step-by-step through the process of checking their withholding, and provides withholding recommendations…

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Tax Withholding Estimator

2021-05-28 The IRS launched an improved Tax Withholding Estimator tool last summer to make it easier for everyone to have the right amount of tax withheld during the year. This is especially important for anyone who faced an unexpected tax bill or a penalty when they filed this year. It's also an important step for those who made withholding adjustments in 2020, had a major life change or were adversely…

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IRS Practitioner Priority Service (PPS) & Automated Collection System (ACS) changes to help provide better service

2021-05-28 Under the shift in procedure, there is a new division of duties. SB/SE’s Automated Collection System (ACS) will now exclusively resolve collection issues The IRS updated the PPS automated recording to say: “If your client's account is in Automated Collection System status, ACS, or you need to address balance due issues, press or say 4.” Practitioner Priority Service assistors will not be able to take any actions for collection…

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