Newsletters
I have posted several newsletters to the website. The November Newsletter is full of last minute tax tips. Take a look.
Changes to IRS mail boxes
Received an update from the IRS.
The IRS is closing several individual payment P.O. boxes (or lockbox addresses) in the San Francisco, Calif., and Hartford, Conn., areas beginning Jan. 1, 2022. Payments mailed to these closed payment locations after Jan. 1 will be returned to sender. To help ensure timely receipt, encourage your clients to avoid mailing to these closing addresses. Check Where to File on IRS.gov for active addresses before mailing payments. If you or your client receive an IRS payment letter, send payment to the address found in the letter. The IRS also encourages taxpayers to use IRS Direct Pay. It’s a fast, secure and easy way to pay a tax bill or estimated tax payment directly from a checking or savings account. Users receive instant confirmation that their payment has been made. For more information, see Publication 3891, Lockbox Addresses for 2021.
If you need assistance dealing with the IRS call me 712-274-3469.
Additional guidance on the employee retention credit
Yesterday the Treasury Department and IRS issued additional information on the employee retention credit. This included adding qualified wages paid through the end of the year.
Two notices from the IRS have all the details: Notice 2021-49 amplifies prior guidance regarding the employee retention credit provided in Notice 2021-20 and Notice 2021-23 .
Read MoreTaxpayer Advocate Report
The Taxpayer Advocate Office (TAO) is required to present reports to Congress on the state of taxpayer interactions with the IRS. Included in these reports is what the IRS got right and what they didn’t based on TAO criteria.
Here is a report that has some interesting information. I still think it is amazing that the IRS gets done what they do with very little resource updates.
Read the report here: IR-2021-139, June 30, 2021
If you are having problems with the IRS contact me at 712-274-3469 or info@babitzkeea.com
Advance CTC Payment Portal Update
The Internal Revenue Service today upgraded a key online tool to enable families to quickly and easily update their bank account information so they can receive their monthly Child Tax Credit payment. Read more about it on the IRS News Release page.
Need help with issues you are having with the IRS? Balance due, Lien, Levy, etc. I can help.
Call or email today: 712-274-6469 or Info@BabitzkeEA.com.
Take action today to have peace of mind tomorrow!