I found this on the National Taxpayer Advocate website. It is very interesting information about the IRS and tax returns.
Do you owe the IRS? Maybe set up a payment plan.
If you owe taxes to the IRS, there are options. One of them is an installment agreement. But, what is the process and requirements.
The American Rescue Plan includes retroactive tax benefits that can help taxpayers
The American Rescue Plan includes retroactive tax benefits that can help taxpayers
The IRS reminds taxpayers who still haven’t filed, that several provisions of the American Rescue Plan affect their 2020 tax returns.
One provision excludes up to $10,200 in unemployment compensation from income. Another provision benefits many people who purchased subsidized health coverage through either federal or state Health Insurance Marketplaces. The law also includes a third round of Economic Impact Payments, currently going out to eligible Americans, that are generally equal to $1,400 per person for most people. The IRS will automatically provide these benefits to eligible filers.
Advance Child Tax Credit Payments - OPT OUT
The portal will have an option to let you opt out of monthly payments.
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
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