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IRS is ''buried'' in paper backlog, creating tax season anxiety so high that even tax pros want relief
01:42am, Thursday, 10'th Feb 2022 Azcentral
Tax professionals prepare for high stress levels after many individuals and small business owners faced lengthy refund delays in the past two years.
IRS Summonses and the Collection of Unpaid Taxes
12:54am, Thursday, 10'th Feb 2022 JD Supra
This post focuses on the recent case of Polselli, et al. v. IRS, Case No. 21-1010 (6th Cir., January 7, 2022). The recent Sixth Circuits recent opinion in Polselli, et al. v. IRS, Case No. 21-1010 (6th Cir., January 7, 2022) addresses notice requirements with respect to the issuance by the Internal Revenue Service (IRS) of administrative summonses. In pursuit of over $2 million in unpaid liabilities, the IRS issued administrative summonses to the banks of the wife of the taxpayer Remo By: Freeman Law
After Face-Off With Critics, IRS Scraps Plans For Facial ID Tech
11:03pm, Wednesday, 09'th Feb 2022 Patch
“Everyone should feel comfortable with how their personal information is secured.”
Here are some scams that may cost you this tax season
07:26pm, Wednesday, 09'th Feb 2022 Newslanes
Brothers91 | E+ | Getty Images Tax season is underway — and the IRS is warning of a likely increase in scams targeting taxpayers. Agency officials are sounding the alarm on “IRS impersonation scams,” in which criminals pose as IRS agents to try stealing money or personal information. The latter can lead to identity theft […] Here are some scams that may cost you this tax season
Form 1099-C: Cancellation of Debt Definition
06:48pm, Wednesday, 09'th Feb 2022 Investopedia
Form 1099-C is used to report canceled debt, which is generally considered taxable income, to the IRS.
4 scams that may cost you this tax season
06:19pm, Wednesday, 09'th Feb 2022 CNBC
The 2022 tax season is underway. IRS officials are warning of a likely increase in fraud that could lead to identity theft and stolen tax refunds.
Taxes - The IRS Can''t Figure Out How to Tax Gig Workers
04:41pm, Wednesday, 09'th Feb 2022 Business Mag
The government has lowered the threshold for reporting business income received through payment apps, except no one is actually held accountable for not complying.
Taxpayer advocate warns millions could face delays in having returns processed by IRS
04:23pm, Wednesday, 09'th Feb 2022 The Hill
The Internal Revenue Service''s taxpayer advocate testified on Tuesday that millions of taxpayers could see delays in their tax returns being processed due to an accumulation of unprocessed returns from last year.Er
The IRS Can’t Figure Out How to Tax Gig Workers
04:11pm, Wednesday, 09'th Feb 2022 The Washington Post
The government has lowered the threshold for reporting business income received through payment apps, except no one is actually held accountable for not complying.
Private contractor to drop facial recognition requirement for all state and federal agencies after backlash over IRS plan
03:12pm, Wednesday, 09'th Feb 2022 The Washington Post
The private contractor ID.me says it will allow the 73 million people who''ve signed up for its service to access government websites to delete their face scans after March 1.
How to claim child tax credit in your tax return
12:53pm, Wednesday, 09'th Feb 2022 AOL
WASHINGTON (AP) — Millions of Americans who have never filed a tax return will need to do so this year in order to claim what''s coming to them under the enhanced child tax credit. Previously, only people who earned enough money to owe income taxes could qualify for the full credit. But as part of the $1.9 trillion coronavirus relief package, President Biden expanded the program, increasing the payments to up to $3,600 annually for each child aged 5 or under and $3,000 for those who are ages 6 to 17. The monthly payments have amounted to $300 for each child 5 and younger and $250 for those between 5 and 17. The government began to send the payments out — an overall $93 billion — on a monthly basis starting last July. Now, there are an additional six months'' worth of payments waiting to be claimed. And some families haven''t collected any of the benefits they''re due yet. In all, an estimated $193 billion is yet to be claimed. The only way to receive that money is to file a tax return. Some questions and answers about who''s eligible for the credit and how to get it: WHO GETS THE CHILD TAX CREDIT?
IRS Targets the Gig Economy — and Misses
11:30am, Wednesday, 09'th Feb 2022 The Washington Post
The government has lowered the threshold for reporting business income received through payment apps, except no one is actually held accountable for not complying.
The IRS Gives Up On Facial Recognition
04:04am, Wednesday, 09'th Feb 2022 Medium
Big Brother backs down Continue reading on The Capital »
The IRS Does a Face Plant on Face Scans
11:41pm, Tuesday, 08'th Feb 2022 The Wall Street Journal
The tax agency scraps its biometric ID plan requirement to see personal records.
IRS Scraps Plan to Use ID.me Selfies for Account Verification
11:19pm, Tuesday, 08'th Feb 2022 NerdWallet
If you keep an eye on tax news, you may have heard some chatter about the IRS soon requiring a video selfie for account sign-in. That plan is no more:…
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