Tag Archives: 2021.Tax.Season

IRS Reminds Taxpayers of April FBAR Deadline. So What!

Posted on April 9, 2021 by Russ

The IRS sent out a press release this morning noting the FBAR deadline remains April 15th.  The FBAR is the Report of Foreign Bank and Financial Accounts (FinCEN Form 114), and must be filed if you have $10,000 aggregate in … Continue reading →

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25 Million (and Counting)

Posted on April 1, 2021 by Russ

Today is April Fool’s Day.  I wish this post were a joke–and I guess in one way it is.  Unfortunately, what I’m reporting is true. Yesterday, National Taxpayer Advocate Erin Collins told a webinar that 25 million tax returns need … Continue reading →

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Commissioner Rettig, Come Clean and Stop the B.S.

Posted on March 18, 2021 by Russ

Last week I wrote a post titled 18 Months and Counting.  As promised, here’s the follow-up and it can be summed up with a simple line, “The IRS is lying to everyone about correspondence.” Commissioner Rettig today said he is … Continue reading →

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IRS Reportedly Extending Federal Individual Due Date from April 15th to May 17th

Posted on March 17, 2021 by Russ

Multiple news reports  state that the IRS will extend the April 15th tax deadline to May 15th.  Because May 15th falls on a Saturday, that effectively pushes the deadline to Monday, May 17th.  I would expect this would be for … Continue reading →

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Stimulus for a 10-Year Old? Another (Likely) Erroneous IRS Notice

Posted on March 6, 2021 by Russ

One of my clients just received IRS Notice 1444-B noting they received their Second Economic Impact Payment of $600 by direct deposit.  (The notice was dated February 19th, but they received it just this past week.)  They wondered why it … Continue reading →

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When Acquire Doesn’t Mean Acquire

Posted on March 4, 2021 by Russ

It’s time for today’s lessen in double-speak, or bureaucratese, courtesy of the IRS.  On the top of Form 1040, just below your address is a question: At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire … Continue reading →

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IRS Extends Some Filing Deadlines for Victims of Texas Winter Storms

Posted on February 22, 2021 by Russ

The IRS announced today that they have extended the deadline for victims of Texas winter storms until June 15th. This impacts the March 15th partnership and S-Corporation filing deadline and the April 15th individual, C-Corporation, and Trust/Estate deadline for those … Continue reading →

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More Erroneous IRS Notices

Posted on February 10, 2021 by Russ

In yesterday’s mail we received several IRS CP59 Notices for clients. What’s a CP59 Notice? Well, here’s the first two lines: You didn’t file a Form 1040 tax return. You haven’t filed your tax return for the tax year ending … Continue reading →

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IRS Sending Erroneous Notices With Erroneous Content

Posted on February 4, 2021 by Russ

Today is February 4, 2021. But the IRS computer has some other ideas about the date. The IRS sent many CP21C notices telling individuals that their Economic Impact (Stimulus) payments were offset to your 2007 tax account. Yikes! From the … Continue reading →

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Calling the IRS? Good Luck! (Because You Will Really, Really Need It)

Posted on February 2, 2021 by Russ

I need to speak with the IRS regarding four clients. Unfortunately, I need to speak with three different departments within the IRS for these clients. I’ve been attempting to reach the IRS for over a week first thing in the … Continue reading →

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