An official website of the U.S. Gov An official website of the U.S. GovNeed an IRS form, information, or notice in a different format or language? Here’s how to find them and make requests for future notices and letters to be sent in your preferred language.
Taxpayers generally have to start taking withdrawals from their Individual Retirement Account (IRA), Simplified Employee Pension (SEP) IRA, Savings Incentive Match Plan for Employees (SIMPLE) IRA, or retirement plan account when reaching age 72 (73 if you reach age 72 after Dec. 31, 2022). These withdrawals, called required minimum distributions (RMDs), are the minimum amounts you must withdraw from your account each year.
The Taxpayer Advocate Service has the latest information on selecting the virtual and digital currency checkbox on your IRS tax form.
For the third consecutive year, Erin M. Collins, the National Taxpayer Advocate, has been recognized by Accounting Today as one of the 100 Most Influential People shaping the future of the accounting profession. This prestigious list honors trailblazing leaders who are driving progress whether by leveraging emerging technologies or empowering the people who will define the profession’s future.
Getting ready for filing season? Check out the TAS redesigned taxpayer notice pages (or stops) to help you navigate your taxes. The new design makes it easier for you to find information about letters and notices, while helping to answer questions about where you are in the tax administration process.
The IRS may send a notice or a letter for any number of reasons; it may be about a specific issue on your federal tax return or account, or may tell you about changes to your account, ask you for more information, or request a payment. TAS has created several New Taxpayer Roadmap Stops for 2024
An Employer Identification Number (EIN) is a 9-digit number (for example, 12-3456789) assigned to sole proprietors, corporations, partnerships, estates, trusts, and other entities for tax filing and reporting purposes. Most businesses are required to have an EIN. You may apply for an EIN for free through the IRS and will be issued your EIN immediately.
Starting in 2024, you can begin communicating with the IRS digitally; additional enhancements coming in 2025.
National Taxpayer Advocate Erin M. Collins appeared live on C-SPAN’s Washington Journal call-in program on January 23. The National Taxpayer Advocate answered viewer questions about tax filing season challenges and discussed her 2022 Annual Report to Congress.
The form of business you operate determines what taxes you must pay and how you pay them. There are four general types of business taxes
Received IRS Notice CP53E? Learn how to safely update your direct deposit, avoid refund delays, and spot scams trying to steal your banking information.
From smartphones to social media algorithms and virtual assistants, artificial intelligence (AI) has permeated nearly every aspect of our lives, even taxes. But advice you get from an AI chatbot may not be as good as you think it is. In reality, AI is a rapidly evolving new technology, and may not be able to provide accurate answers to your complex tax questions
