A Look at the IRS’s Goals for the Next Decade and the Challenges It Faces. The IRS has announced a new strategic operating plan aimed at transforming the tax agency and improving service to tax payers and the nation during
Exempt Organizations Can Now Submit Form 8940 Online Beginning April 3, 2023. The Internal Revenue Service (IRS) has announced a update to Form 8940, Request for Miscellaneous Determination, which is used by exempt organizations to make random purpose requests. The
Tips and Reminders for Taxpayers to Request an automatic Six-Month Extension to File Their taxes and Avoid Penalties The tax season can be a stressful time for many people, especially those who are unable to file their tax returns by
The new case includes a complicated series of exchanges where three siblings intermixed their business and individual interests. Can mortgage interest on a home you own be deducted? The rules have been tightened by recent tax laws, but expert borrowers
Even if they do not have an IRS online account, taxpayers who receive these notices can securely respond to the IRS online. Taxpayers who receive certain IRS notices and are required to send information to the agency can now submit
The CAP program was launched in 2005 as a way for the IRS and taxpayers to communicate openly, amicably, and transparently in order to resolve tax issues prior to the filing of a return. The Compliance Assurance Process (CAP) program’s
2. Continue the steps mentioned in How to add Entity Details
2. Navigate to “Create an Account” 3. Enter the requisite details (Name, Email Address and the required Password*) (Please note: Password should contain a minimum of 8 characters including upper- and lower-case letters, numbers and special characters) 4. After you
2. Navigate to Reset Password 3. An automated password reset email will be sent to your registered email id. 4. Click on the link provided in the email to reset your password 5. You will be redirected to our website