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Taxpayer Advocate Service Fails to Provide Basic Services: A Deep Dive into TIGTA FindingsA tax practitioner, frustrated by a six-week wait for a Taxpayer Advocate Service (TAS) response about a
August 22, 2024
Skip to content Taxpayer Advocate Service Fails to Provide Basic Services: A Deep Dive into TIGTA FindingsA tax practitioner, frustrated by a six-week wait for a Taxpayer Advocate Service (TAS) response about a
The IRS is facing a significant challenge in combating bad tax advice circulating on TikTok, a platform it cannot access due to federal restrictions. National Taxpayer Advocate Erin Collins highlighted
The federal government has issued over $1 billion in upfront tax credits to buyers of new and used electric vehicles (EVs) as part of the Inflation Reduction Act. This initiative,
Understanding the IRS’s refund statute of limitations is crucial, especially if you’ve missed filing your tax returns for several years. Learn how to navigate the complexities of reclaiming overpaid taxes
The Tax Court denied equitable relief to a taxpayer seeking Innocent Spouse Relief after his ex-wife improperly claimed deductions on their joint tax return. Despite meeting several conditions, the court
Deciding who should own the business car—yourself or your corporation—is a crucial decision for single-owner S corporations. This choice impacts insurance rates, tax deductions, and administrative complexity. Individual ownership may
The IRS is set to intensify its audit activities thanks to an $80 billion boost from the Inflation Reduction Act. This funding aims to revitalize the agency, which has faced
You can leverage your home office into a tax benefit for both you and your corporation by following these steps. Remember, careful documentation is key to proving your home office
When it comes to retirement planning, married couples have a unique advantage that can significantly boost their savings: the Spousal IRA. This often-overlooked tax break allows a working spouse to
Blog Post Excerpt:
Dealing with IRS penalties can be overwhelming, with over 148 different types potentially adding significant costs to your tax bill. However, many of these penalties can be
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