Here’s what taxpayers need to know about filing an amended tax return At the W Tax Group we often have taxpayers come to us after they discover they made a mistake on their tax return. Small tax return oversights are not reason for great concern, however you should address them immediately by filing a Form...
What is a W-9 form and why is my customer asking for it? So one of your customers has asked you to complete a W-9 form before they can pay you. Why do they need this form that asks for your tax classification and tax ID number? The short answer is – the IRS. The...
All taxpayers have the legal right to privacy. The right to privacy is one of ten rights the Taxpayer Bill of Rights gives all taxpayers. If you want to see a copy of your rights as a taxpayer, go here. You have the right to expect that any IRS investigation, audit or enforcement action like...
Every year the IRS mails letters or notices to taxpayers for many different reasons. Here are The W Tax Groups do’s and don’ts for taxpayers who receive an IRS letter: Don’t ignore it. Most IRS letters and notices are about federal tax returns or tax accounts. Each notice deals with a specific issue and includes specific...
A new report by the Treasury Inspector General for Tax Administration ("TIGTA") determined that Internal Revenue Service employees improperly levied elderly taxpayer’s Social Security benefits, leading to economic hardship for elderly and low-income people with tax debts. For many elderly and low-income taxpayers, Social Security benefits are their only income. The Tax Code requires that...
