One of the email alerts I received from the IRS recently was Tax Tip 2017-48, Helpful Tips to Keep in Mind When Amending Your Tax Return. I want to focus on tip #1 of the nine provided. Here it is:
Tag Archive for Future State
The IRS National Taxpayer Advocate—Nina Olson—is required to issue an annual report to Congress. The 2016 report was released 1/10/17. These reports are always a great read. The report lists the mots “serious issues” in the tax system and makes recommendations for improvement. The 2016 report focuses a lot on the IRS “Future State” project and tax reform.
National Taxpayer Advocate Nina E. Olson released her 2016 Annual Report to Congress, recommending that the IRS revamp its “Future State” plan to adopt a taxpayer-centric focus and urging Congress to simplify the tax code. The report presents a series of proposals to improve tax administration, placing particular emphasis on changing the culture of the IRS. Olson explains that “to create an environment that encourages taxpayer trust and confidence, the IRS must change its culture from one that is enforcement-oriented to one that is service-oriented.”
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Are You Working With High Net-Worth Clients? Learn How To Support Your Clients From This Free On-Demand WebinarThis is an extraordinary GIFT of Education for you from the Tax Forum. As CEO of www.taxconnection.com we see many trainers. If you are working with high-net- worth tax clients, partnerships, flow […]
The Life Cycle Of Real EstateIt’s not a “one size fits all” approach. We make it a point of understanding our clients’ needs – not just in the current year but throughout the ownership period. Properties go through life cycles […]
Taxation Of Foreign DividendsFor U.S. expats, foreign dividends must be reported on your U.S. tax return, as the U.S. taxes worldwide income. This guide explains how to handle foreign dividend taxation, including potential […]
California Wants To Raise Your Taxes: Learn How They Will Confuse You On The BallotPlease Do Your Part And Pass This Blog Post On To 10 California Taxpayers So They Are Educated On Exactly What They Are Voting For This November! Carl DeMaio and Reform California have released their […]
Massachusetts Sales And Use Tax Amnesty Period: What You Need To KnowThe Massachusetts Sales and Use Tax Amnesty Period is a special initiative introduced by the Massachusetts Department of Revenue (DOR) to encourage businesses to resolve overdue taxes. Running for a […]
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