tax Advice Archive
Reflections on the IRS Strategic Plan Annual Review
February 2, 2022
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TweetShareSharePin0 Shares I’ll forgive you if the IRS’s report on “Putting Taxpayers First” has fallen through the cracks of your reading list. The National Taxpayer Advocate’s report (recently covered here and here), the onset of the filing season, and the raft of legislative tax changes over the last year have left me feeling somewhat behind
January 2022 Digest
February 1, 2022
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TweetShareSharePin0 Shares A lot has happened in the tax world since the year began, then filing season began last week, and the ABA Tax Section 2022 Virtual Midyear Meeting began yesterday. There are no signs that things will slow down soon, except for (maybe) IRS notices. Procedurally Taxing will continually provide comprehensive updates and information,
List of automatic tax method changes updated
January 31, 2022
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TweetShareSharePin0 Shares In Rev. Proc. 2022-14, the IRS on Monday provided a comprehensive updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently modified, apply. Rev. Proc. 2015-13 itself updated and revised prior general procedures under Sec. 446(e) to obtain the IRS’s consent to obtain
‘Quick’ carryback tax refunds took nearly double the 90-day deadline
January 31, 2022
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TweetShareSharePin0 Shares Over a period of 15 months, the IRS consistently missed its 90-day deadline to process taxpayers’ applications for carryback adjustment refunds under COVID-19 relief legislation, the U.S. Government Accountability Office (GAO) said in a report. Despite a statutory requirement to pay such refunds within 90 days, the average time reached 165 days, the
ABA Tax Section 2022 Virtual Midyear Meeting
January 31, 2022
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This morning the ABA Section of Taxation kicks off its virtual midyear meeting with plenary addresses by two distinguished speakers, William Gale and Loretta Collins Argrett: 10:30 am– 12 pm ETOpening Plenary Session (Non-CLE)
The Melt – Cases That Drop Away in Tax Court
January 31, 2022
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TweetShareSharePin0 Shares Continuing to build on data reported in the National Taxpayer Advocate’s annual report, this post is about a graph from her report appearing on page 197 that shows “Cases Dismissed, Settled, and Tried in the Tax Court, FYs 2012 -2021”. The chart basically shows that almost 80% of cases settle. I displayed a
‘Limited group’ getting erroneous Letters 6419
January 28, 2022
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TweetShareSharePin0 Shares The IRS tamped down suggestions there may be widespread inaccuracies in Letters 6419, which report to taxpayers the total amount of advance child tax credit payments they received during 2021. Nevertheless, the Service said in a fact sheet issued Friday (FS-2022-5) that if Letter 6419 reports a different total than expected, taxpayers should
Where Have Tax Court Deficiency Cases Come from in the Past Decade?
January 28, 2022
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TweetShareSharePin0 Shares There could be multiple reasons for that, not all of which have anything to do with the effectiveness of Appeals. Low income taxpayers may be less likely to settle cases because they don’t know how to use the system to its fullest and also don’t know whether something is a good settlement or
AICPA notes IRS announcement on notices, asks Service to do more
January 27, 2022
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TweetShareSharePin0 Shares The AICPA said Thursday it appreciates the IRS’s announcement it will halt some notices to taxpayers but said the IRS can do more to reduce erroneous automated notices and unnecessary taxpayer contact. In addition, the Tax Professionals United for Taxpayer Relief Coalition, which includes the AICPA, said Thursday it appreciates the IRS’s announcement
IRS Announces Stoppage of Notice to Paper Filers Who Remitted Payment and Tax Court Announces Continued Zooming
January 27, 2022
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We blogged on January 6 about the IRS practice of sending notices to individuals seeking to get them to file their 2020 return when the IRS had literally taken their check out of the
