Tax Justice Warriors

Learn about IRS resources for tax professionals and taxpayers on how to deal with identity theft issues that can affect your taxes.

When a taxpayer owes money to the IRS, there are collection  alternatives available.  In this two-part series, I will discuss the  collection alternative called Currently Not Collectible.  When a  taxpayer experiences a financial hardship, that individual may qualify  to have the account placed on hold until the debt expires.

In part 2, I speak about the second page of the collection information  statement short form, Form 433-F, and the pros and cons of Currently Not  Collectible status.

When a taxpayer owes money to the IRS, there are collection alternatives available.  In this two-part series, I will discuss the collection alternative called Currently Not Collectible.  When a taxpayer experiences a financial hardship, that individual may qualify to have the account placed on hold until the debt expires.

In part 1, I speak about local standards with the IRS and the first page of the collection information statement short form, Form 433-F.

This episode focuses on the IRS Kansas City Campus.  In 2024, it will be one of only two tax return processing centers left as tax filers turn from paper returns to electronic returns.  Find out more about the stages of tax return processing and some of the connections between Kansas City and taxes.

Following the Tax Cuts and Jobs Act, the IRS would like to urge everyone to do a paycheck checkup.  Do you have enough withholding from your paycheck?  Not enough (you would owe the IRS on your tax return)?  Too much (you would prefer a higher paycheck instead of a higher refund)?  In order to check, the IRS has a Withholding Calculator on their website.  If you would like your withholding changed, use Form W-4 with your employer.

IRS Withholding Calculator:  https://www.irs.gov/individuals/irs-withholding-calculator

Form W-4:  https://www.irs.gov/forms-pubs/about-form-w4

This episode looks briefly at the various issues a business owner should consider with taxes.  This is also a preview of an upcoming presentation on IRS Small Business Tax Planning.

Kansas City

Date: August 8, 2018Time: 5:30 p.m. - 7:00 p.m.Location: Plexpod @ Westport Commons, 300 E 39th St, Kansas City, MO 64111

A focus on a historic year in taxes.  A discussion of the tax legislation starting in fall 2017 with the Tax Cuts and Jobs Act and going into July 2018.  The focus includes other tax events such as the Supreme Court sales tax case South Dakota v. Wayfair and the nomination hearing of proposed IRS Commissioner Charles Rettig.

I wanted to wish the LITC Program a happy 20th anniversary.

A tax education for everyone topic - learn about the earned income tax credit.  There are several pieces to the credit.  Because the credit can bring a large refund when people file their tax refunds, there has been a great deal of fraud.  I provide information both about the credit and IRS audits concerning those who file for the credit.  For more information, turn to IRS Publication 596.

Benjamin Tompkins of Graves Garrett, LLC, will be presenting a CLE on July 13, 2018, at the KCMBA headquarters on "Nuts & Bolts of a Criminal Tax Case: From Investigation to Sentencing."  Here is a preview interview with Ben.