Got a notice. Help!

 

Tax Tip 2021-52


Do’s and don’ts for taxpayers who get a letter or notice from the IRS

 

The IRS mails letters or notices to taxpayers for a variety of reasons including if:

Tax Tip

Tax Tip 2021-56


Taxpayers shouldn’t believe these myths about federal tax refunds


Now that many taxpayers have filed their federal tax returns, they're eager for details about their refund. When it comes to refunds, there are several common myths that can mislead taxpayers.

Offer in Compromise

 

Tax Tip 2021-60


An offer in compromise may help some taxpayers settle their tax bill

Individual taxpayers and business owners can use the IRS’s recently updated Offer in Compromise Booklet to learn how an offer in compromise works and decide if it could help them resolve their tax debt.

File an extension to file tax returns

From IRS.gov

Filing season reminder: An extension to file is not an extension to pay taxes

For most individual taxpayers the tax filing and payment deadline was postponed to May 17. Those who need more time to file beyond the postponed date, can request an extension to file.

Do you work in the gig economy?

From IRS.gov

 Tips for taxpayers who work in the gig economy

The gig economy allows people to earn income by using technology to arrange transactions. This could include performing rideshare services or deliveries, renting out property, selling goods online, or providing freelance work. Often, customers and providers of goods or services are brought together through a digital platform on an app or website.

New requirement applies to any business seeking a tax ID number

 Go here to find out more: https://www.irs.gov/newsroom/new-requirement-applies-to-any-business-seeking-a-tax-id-number-irs-offers-data-security-tips-during-national-small-business-week