by Bill Fritton | Aug 12, 2019 | IRS, News
The Taxpayer First Act of 2019 is redesigning how the IRS works with taxpayers, even though it may take a while for many of the provisions to take effect. Some experts have highlighted the following aspects of the bill as especially important: An independent appeals... by Bill Fritton | Mar 26, 2019 | News
As far as federal income taxes go, it’s usually “until death do us part” for joint filers, but a recent Tax Court case ruled otherwise. There are times when the tax law provides a way out for one spouse or the other, as in Brooks, TC Memo 2019-5, 3/18/19, where a... by Bill Fritton | Mar 4, 2019 | IRS, News
The Internal Revenue Service today reiterated its warning that taxpayers may not be able to renew a current passport or obtain a new passport if they owe federal taxes. To avoid delays in travel plans, taxpayers need to take prompt action to resolve their tax issues.... by Bill Fritton | Jan 17, 2019 | IRS, News
WASHINGTON — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is generally... by Bill Fritton | Nov 26, 2018 | IRS, News
The IRS has used private debt collectors in the past and the programs have failed miserably. Its most recent attempt is not faring much better and the system is wrought with the possibilities of abuse. At least IRS efforts to use private debt collectors, aren’t losing... by Bill Fritton | Aug 10, 2018 | News
With new tax laws effective for 2018 you should review your income tax withholding and, when appropriate, make adjustments. Notably, the new Tax Cuts and Jobs Act (TCJA) lowers tax rates for individuals, effective for 2018 through 2025, so you may presume you are over...