If you are like countless other Americans, you may not realize that you have a legal right to appeal a decision of or tax assessment by the Internal Revenue Service. In fact, the ability to appeal an IRS decision in an independent forum is one of the fundamental provisions of the Taxpayer Bill of Rights, a collection of 10 privileges afforded taxpayers, including the rights to:
Checking the mail box each day often involves sifting through significant amounts of junk mail to locate anything important. Miss a couple days and the pile of mail grows quickly.
It's been a few months now since we've updated you on the status of efforts by the IRS to impose a more comprehensive regulatory framework on professional tax preparers. As we explained in our February 28 post, the IRS has had to backtrack on these efforts.
The IRS keeps encouraging taxpayers to file electronically. This week, the agency released new statistics on how successful that effort has been. E-filing by individuals has increased by more than 4 percent compared to last year.
It's been slightly more than one month since the federal income tax filing deadline of April 15. For taxpayers who did file but have discovered they made a mistake, or had a change in filing status, an amended return can often be a good step to take.
Federal taxes are of course enormously important. They affect every single taxpayer across the nation. Indeed, their reach goes overseas as well, to Americans living abroad or with bank accounts there.
You'd think tax refunds for early filers would have arrived by now. After all, it's been more than three months now since the IRS opened up the 2013 income tax filing season.
One of this year's hit movies was called Silver Linings Playbook. The story follows the craziness of falling love, with the added plot test of a leading character who is struggling to overcome a mental health issue.
We've naturally been paying close attention to the story of how federal budget cuts will affect the IRS. When we last wrote about it, on March 4, the word was that the IRS intended to delay furloughs of employees until after the April 15 income tax filing deadline. Furloughs are essentially mandatory, unpaid vacation days that are used to implement cuts in agency budgets.
Large bureaucratic agencies are seldom known for their vivid prose. The IRS is no exception.