IRS launches paperless processing initiative

IRS launches paperless processing initiative

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Taxpayers will have the option to go paperless for IRS correspondence by 2024 filing seasonIRS paperless processing initiative will eliminate up to 200 million pieces of paper annually, cutprocessing times in half, and expedite refunds by several weeksThe IRS receives about 76 million paper tax returns and forms, and 125…
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A Letter to Our Clients – December 2022

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A Letter to Our Clients – December 2022 Winter UpdateFirst and foremost, we want to say thank you for trusting us with your tax filings and other financial matters for another year! 2020 has been a different year for all of us in many ways and we want to acknowledge…
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How Long To Keep Tax Records: Can You Ever Throw Them Away?

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How Long To Keep Tax Records: Can You Ever Throw Them Away? Once you’ve submitted your tax return to the Internal Revenue Service each year, the last thing you probably want to think about is how to store your tax records. But making these arrangements is essential to protect yourself…
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IRS Adding Thousands of Auditors as It Prepares to Ramp Up Enforcement

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IRS Adding Thousands of Auditors as It Prepares to Ramp Up Enforcement he Internal Revenue Service is already staffing up, hiring thousands of new auditors in preparation for a tax-enforcement push that’s a key financing element of President Biden’s infrastructure plan. IRS officials said at a tax conference Friday that…
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F.A.Q. on Stimulus, Unemployment and Tax Rebates

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F.A.Q. on Stimulus, Unemployment and Tax Rebates The Senate passed its version of the $1.9 trillion American Rescue Plan on Saturday. Thepandemic relief bill now goes back to the House of Representatives, which must approve theSenate’s changes before it can go to President Biden’s desk. We will continue to update…
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