Bloggers and forums are abuzz over the news that TurboTax may be calculating the Recovery Rebate incorrectly. Apparently TurboTax users are getting letters from the IRS complaining that they claimed too large a credit for the rebate, and that they’ll need to pay it back. The TurboTax team has responded to explain some of the confusion, but that’s not the whole story.
Continue reading “Recovery Rebate Ruckus: Why are TurboTax Users Getting Angry Letters from the IRS?”
National Taxpayer Advocate’s Report to Congress: Once a Year, Taxpayers Talk Back — and Congress Listens
It may feel like taxpayers always complain and Congress never listens, and perhaps most of the time that’s true. But once a year, Congress asks the National Taxpayers advocate to report on taxpayer concerns. And the latest report just came out. So what’s coming up next? Ten highlights:
Continue reading “National Taxpayer Advocate’s Report to Congress: Once a Year, Taxpayers Talk Back — and Congress Listens”
IRS Commissioner and Treasury Secretary Talk Up a Tax Cut
Contrary to recent rumors, the IRS isn’t trying to tax employee mobile phones as a benefit. Instead, they’re getting rid of the existing tax — which nobody had bothered to pay.
Continue reading “IRS Commissioner and Treasury Secretary Talk Up a Tax Cut”
