Tax & Current Accounting Topics

Respected in My Field

Taxpayers should file their tax return on time to avoid costly interest and penalty fees 

https://www.irs.gov/newsroom/taxpayer... 

http://accountinginstruction.com/

Taxpayers should file their tax return by the deadline even if they cannot pay their full tax bill. Taxpayers who owe tax and don't file on time, may be charged a failure-to-file penalty.

Tax Time Guide: Minimize cyber footprints, protect personal information online 

https://www.irs.gov/newsroom/tax-time...

 http://accountinginstruction.com/

The Internal Revenue Service today urged people to stay resolute against ongoing scams and schemes by properly securing computers, tablets and phones.

IRS provides more forms, letters and publications in multilingual and alternative formats Spanish Braille now available 

https://www.irs.gov/newsroom/irs-prov... 

https://accountinginstruction.info/

In an effort to provide American taxpayers with the service they deserve, the Internal Revenue Service announced today the latest expansion of its multilingual products, Braille, text, audio and large print products are now available in Spanish.

IRS Low Income Tax Clinics can help taxpayers resolve federal tax issues IRS Tax Tip 

https://www.irs.gov/newsroom/irs-low-... 

http://accountinginstruction.com/

Low-income taxpayers who need help resolving a tax dispute with the IRS and can't afford representation, may qualify for free or low-cost assistance from a Low Income Tax Clinic.

Two tax credits that can help cover the cost of higher education 

https://www.irs.gov/newsroom/two-tax-... 

http://accountinginstruction.com/

Higher education is important to many people and it's often expensive. Whether it's specialized job training or an advanced degree, there are a lot of costs associated with higher education.

IRS unveils voice and chat bots to assist taxpayers with simple collection questions and tasks; provides faster service, reduced wait times https://www.irs.gov/newsroom/irs-unve...

 http://accountinginstruction.com/

More functions coming later in 2022 to help taxpayers with more complex issues IR-2022-56, March 10, 2022

IRS revised 2021 Child Tax Credit and Advance Child Tax Credit Payments frequently asked questions 

https://www.irs.gov/newsroom/irs-revi...

http://accountinginstruction.com/

The Internal Revenue Service today updated its frequently asked questions (FAQs) (FS-2022-17 PDF) on the 2021 Child Tax Credit and Advance Child Tax Credit Payments.

COVID Tax Tip Some IRS Taxpayer Assistance Centers open on select Saturdays for in-person help 

https://www.irs.gov/newsroom/some-irs... http://accountinginstruction.com/

To help people during this year's filing season, many IRS Taxpayer Assistance Centers across the country will have special Saturday hours.

Taxpayer Experience Office formally established to improve service across the IRS 

https://www.irs.gov/newsroom/taxpayer... 

http://accountinginstruction.com/

As part of a longer-term effort to improve taxpayer service, the IRS has officially established the first-ever Taxpayer Experience Office and will soon begin taking additional steps to expand the effort.