Why do I owe a penalty and interest and what can I do about it?

Do you owe a penalty? Here’s why and what you may be able to do about it. There are many […] The post Why do I owe a penalty and interest and what can I do about it? appeared first on Taxpayer Advocate Service. ...

Section 903 of the TAS Act Will Simplify Estimated Tax Payments for Individuals

Section 903 of the TAS Act Will Simplify Estimated Tax Payments for Individuals On January 30, 2025, a discussion draft […] The post Section 903 of the TAS Act Will Simplify Estimated Tax Payments for Individuals appeared first on Taxpayer Advocate Service. ...

Preparing for a Disaster

Disasters can happen at any time, so it’s important to be prepared. Good recordkeeping can help you get back on […] The post Preparing for a Disaster appeared first on Taxpayer Advocate Service. ...

The ERC Claim Period Has Closed — The IRS Must Now Prioritize Resolution, Communication, and Taxpayer Protections

The ERC Claim Period Has Closed — The IRS Must Now Prioritize Resolution, Communication, and Taxpayer Protections   As of […] The post The ERC Claim Period Has Closed — The IRS Must Now Prioritize Resolution, Communication, and Taxpayer Protections appeared first on Taxpayer Advocate Service. ...

Trust fund recovery program penalty abated, saving officer millions of dollars

Trust fund recovery program penalty abated, saving officer millions of dollars At the heart of our organization’s mission lies a […] The post Trust fund recovery program penalty abated, saving officer millions of dollars appeared first on Taxpayer Advocate Service. ...

Celebrating National Small Business Week

Today, I want to take a quick break from my deep dive into the discussion draft of the Taxpayer Assistance […] The post Celebrating National Small Business Week appeared first on Taxpayer Advocate Service. ...

Making Cents of the Educator Expense Deduction

Did you know that if you’re an eligible educator, you can deduct up to $300 of unreimbursed business expenses? And […] The post Making Cents of the Educator Expense Deduction appeared first on Taxpayer Advocate Service. ...

TAS Act Would Improve Efficiency and Reduce Processing Delays for Taxpayers Requesting an Offer in Compromise

  NTA Blog: TAS Act Would Improve Efficiency and Reduce Processing Delays for Taxpayers Requesting an Offer in Compromise (OIC) […] The post TAS Act Would Improve Efficiency and Reduce Processing Delays for Taxpayers Requesting an Offer in Compromise appeared first on Taxpayer Advocate Service. ...

Small Business Filing and Recordkeeping Requirements

As a small business, you may have many different types of returns that are due, and many different types of […] The post Small Business Filing and Recordkeeping Requirements appeared first on Taxpayer Advocate Service. ...

IRS Chief Counsel Advice on Theft Loss Deductions for Scam Victims and What It Means for Taxpayers

NTA Blog: IRS Chief Counsel Advice on Theft Loss Deductions for Scam Victims and What It Means for Taxpayers On […] The post IRS Chief Counsel Advice on Theft Loss Deductions for Scam Victims and What It Means for Taxpayers appeared first on Taxpayer Advocate Service. ...