The new reforms protect fundamental taxpayer rights and could possibly save Americans money and stress. For example, without ...
On Oct. 20, the U.S. Senate unanimously passed legislation to simplify the way Americans interact with the IRS when they make mistakes on their tax returns. The Internal Revenue Service Math and ...
The IRS uses several programs to check the accuracy of a tax return, and one of these programs is the math error program (Sec. 6213(b)). In this program, the IRS uses ...
In taxpayer disputes over its correction of math errors on returns, the IRS was wrong 17% of the time and late in resolving disputes 40% of the time, the Treasury Inspector General for Tax ...
Thanks to the IRS MATH Act, the IRS must now explain mistakes in plain English, show any adjustments, and put your 60-day appeal deadline front and center. It will be a major upgrade from previously ...
You know what burns my biscuits? Math. Don’t get me wrong, math is a wonderful tool to understand quantitative applications. For example, “Rob Smith can throw a football 65 yards on a rope.” We can ...
Forbes contributors publish independent expert analyses and insights. Dan Gingiss covers news impacting your customers and employees. Whether it’s bank interest rates, credit card rewards programs, ...
In a punishing tax season plagued by technical glitches and constantly changing regulations, millions of Americans are still facing unresolved delays as they wait for their much-needed refund checks.
On Oct. 20, the U.S. Senate unanimously passed legislation to simplify the way Americans interact with the IRS when they make mistakes on their tax returns. The Internal Revenue Service Math and ...