Bottlenecks are nothing new to the Internal Revenue Service. IRS issues with mail processing, return processing, and issuing refunds have been well publicized. Nevertheless, one of the most common IRS bottlenecks is one that many taxpayers, including many members of Congress, are unaware of.
Tax practitioners would also like notification if the authorization request form is rejected and why so that any errors can be corrected. Currently forms submitted by mail, fax, or upload go into a black hole that requires practitioners to continue to check to see if the form has been accepted. It is never clear whether a long delay is an actual delay in processing, if the form was lost, or if it was rejected. This is inefficient both for practitioners and the IRS.
Of course, there is some fine print. Authorizations requested using the new portal are limited in scope . Additionally, while the practitioner is notified that an online request has not been approved, the unapproved request is not identified in any way . While this may be a necessary security precaution it does pose problems for tax resolution specialists who often submit multiple authorization requests each day.
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The IRS Bottleneck Most Taxpayers Have Never Heard OfBottlenecks are nothing new to the Internal Revenue Service. IRS issues with mail processing, return processing, and issuing refunds have been well publicized. Nevertheless, one of the most common IRS bottlenecks is one that many taxpayers, including many members of Congress, are unaware of.
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The IRS Bottleneck Most Taxpayers Have Never Heard OfBottlenecks are nothing new to the Internal Revenue Service. IRS issues with mail processing, return processing, and issuing refunds have been well publicized. Nevertheless, one of the most common IRS bottlenecks is one that many taxpayers, including many members of Congress, are unaware of.
Leer más »
IRS Makes Important Change To Controversial Crypto QuestionThe IRS has made a subtle but important to change to how taxpayers should report cryptocurrency activities in their filings.
Leer más »
The IRS is sending 1.5 million additional unemployment insurance refundsThe IRS is sending an additional 1.5 million taxpayers refunds averaging $1,686 on 2020 unemployment insurance taxes, the agency said.
Leer más »