Taxpayer advocate sees much larger backlog than IRS reported
Accounting Today
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National Taxpayer Advocate Erin Collins expressed concern about continuing delays by the service in processing tax returns filed on paper last year, and more of today’s top stories.
Taxpayer advocate sees much larger backlog than IRS reported
The NTA pointed to far higher numbers than the IRS itself claimed just a day ago.
In other news today:
PCAOB sets new requirements for use of multiple audit firms
The board adopted a set of amendments to strengthen the rules that apply to audits involving multiple audit firms.
CliftonLarsonAllen, a Top 10 Firm, has expanded in Nashville by adding Price CPAs.
How to use your losing stock positions to lower your tax bill
Investors who take a loss in a taxable account can use it to offset capital gains taxes owed from selling stocks that have appreciated.
Biden says decision nearing on gas-tax pause, student debt
The president said he’s aiming to decide this week whether to move to suspend the federal gasoline tax.
Supreme Court agrees to weigh fines for not reporting overseas accounts
The court agreed to decide how steep the penalties are for people who fail to file required reports with the federal government listing their foreign bank accounts.
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Interesting!
Partner & Enrolled Agent at ROR Tax Professionals, LLC
2 年This is completely unacceptable for an organization that enforces strict due dates on preparers and taxpayers.
Senior Tax Accountant at KPMG
2 年"Shocker"
Tax Prep & Accounting Services
2 年That's for sure