At the end of 2016, as part of a concerted, continuous effort to gather feedback from the tax community and partner groups, the Internal Revenue Service announced that tax professionals attending the Nationwide Tax Forums provided valuable guidance to Future State efforts to improve taxpayer service by highlighting a number of areas of concern.
The 2016 tax forums held by the IRS in five cities held during July, August and September were attended by more than 10,700 tax professionals. IRS Tax Forums are three-day events that are intended to provide tax professionals with the most current information on federal and state tax issues. This information is presented by experts from the IRS and partner organizations through training seminars and workshops.
The Internal Revenue Service, the states, and the tax industry are working together in an unprecedented partnership to protect taxpayers’ federal and state tax accounts from identity thieves. The “Taxes. Security. Together” awareness campaign is an effort to better inform taxpayers about the need to protect personal, tax and financial data home and online.
The IRS, state tax agencies, and the tax industry also hosted a National Tax Security Awareness Week Dec. 5 to Dec. 8, 2016. In addition, it launched a Protect your Clients; Protect Yourself campaign to raise awareness among tax professionals that they too are increasingly the targets of criminals.
Many of life’s events such as losing a job, foreclosure of a home or even forgiveness of a debt impact the payment of taxes. The tax law offers hope in these situations. As an example, if a taxpayer’s income decreases, he or she may be eligible for certain tax credits, such as the Earned Income Tax Credit. In this blog, We will present a list of quick answers to life event situations that have a potential impact on an individual’s tax burden. For more information see our blogs: Part 1 – What If: Job Related Life Events and Struggling Taxpayers; and Part 2 – What If: Debt Related Life Events and Struggling Taxpayers.
There are many reasons for choosing a tax attorney. Some reasons are reactive or defensive, others are cost-preventive. It is more than wise to retain a tax attorney when:
- Subject to an audit or collection activity;
- Filing an appeal of a tax court decision;
- Trying to save money on behalf of a business; and
- Trying to take advantage of tax credits or deductions.
Choosing a tax attorney involves the assessment of various factors, which include the following: