by Daniel Pilla | Mar 14, 2022 | Tax FAQs
The IRS is getting more money. On Wednesday the House and Senate passed a $1.5 trillion one-year spending bill that ensures the federal government will keep running through October 2022. The bill is heading to the president’s desk, who is expected to sign it....
by Daniel Pilla | Mar 7, 2022 | PTT Featured Article, Tax FAQs
THE IRS WANTS YOUR PICTUREBut It Might Have to Wait a Bit Longer About two months ago I was on the phone with an IRS Revenue Officer (RO) talking about a client’s situation. We got on the topic of the IRS’s backlog of unprocessed tax returns and the difficulty...
by Daniel Pilla | Feb 21, 2022 | Tax FAQs
Unfortunately, it’s not enough to know simple math. The tax code authorizes the IRS to make an automatic correction to a tax return when any of about 15 different mistakes are made. Simple arithmetic is one of them. In 2021, the IRS mailed 14.5 million “math error”...
by Daniel Pilla | Feb 15, 2022 | Tax FAQs
IRS to Limit How Much It Will Seize A common question with delinquent citizens is whether the IRS can levy social security benefits. The answer, unfortunately, is yes they can, and worse, they do so regularly. Before intercepting an SS payment, the IRS generally sends...
by Daniel Pilla | Feb 15, 2022 | Tax FAQs
PASSPORTS AND THE IRS They Have More in Common Than You Might Think I’ve written in past issues of this newsletter about various rumors afoot that connected passports and the IRS. The rumors suggested that if you owe the IRS money, your passport could be...
by Daniel Pilla | Jan 25, 2022 | Tax FAQs
BIDEN ADMINISTRATION INTENDS TO TURN THE IRS’s DOGS LOOSE Who Will be Targeted When it Does? The IRS is collapsing under the weight of 10.3 million tax returns. That’s the number of returns the IRS is currently sitting on (and has been since about April...
