The pandemic has brought many changes in the last few years, and these changes have affected the 2022 tax season. What challenges and updates should people know about this tax season? On today’s episode of the Taxgirl podcast, Kelly is joined by Amber Gray-Fenner to discuss challenges affecting taxpayers and tax professionals this filing season….
At the start of tax season, I reported that the IRS was using new photo-identification technology for verification. Specifically, taxpayers who wanted to access online services were advised to create a new ID.me account. IRS referred to ID.me, a self-described “secure digital identity network,” as a “trusted technology provider in helping to keep your personal…
With tax season starting, many taxpayers are considering the best ways to file their returns and prepare their tax documents. But with so many methods and room for confusion, what should taxpayers know to keep the process running smoothly? What information should taxpayers know to prepare themselves for this tax season? On today’s episode of…
The Taxgirl Podcast discusses tax news, tax info, and tax policy. With so many taxation-related rules, facts, and updates, it’s easy to have questions about tax processes. Luckily, the Taxgirl mailbag lets readers and listeners submit tax questions for Kelly to address. What questions do listeners want to ask the Taxgirl? On today’s episode of…
While many have complained about long call wait times and difficulty getting IRS help in the past, the pandemic has exacerbated these service problems for the federal agency. As a result, claims take longer to address, and for taxpayers and practitioners alike, reaching an IRS service representative seems nearly impossible. Who is to blame for…
Over the past year, Kelly has talked a lot about “the profession.” Broadly, that refers to the tax world. However, tax as a career isn’t always easy to categorize, and not all tax professionals are accountants or preparers. Kelly is often asked how to get started in tax, and since the answer can be so…
Over the past year, the IRS has been slow to process tax returns but has appeared to continue to issue notices – especially math error notices. While the IRS made 628,997 math error corrections last year through July 15, 2020, the IRS made about 9 million math error corrections on returns filed by taxpayers in…
At the climax of the 1979 film “When A Stranger Calls,” the family babysitter, played by Carol Kane, is told by the police that the terrorizing calls she’s receiving are coming from inside the house. While thinking about that scene, I couldn’t help but wonder about the IRS and its recent problems. What if the…
You’ve probably been hearing a lot about the advance child tax credit payments coming this summer. The credit isn’t new; it’s an expansion of the existing child tax credit. It’s more money for more families — and those families will receive the credit each month as advance payments. There’s a lot of confusion about who…
Cryptocurrency is once again making big waves in the news, with Bitcoin and Dogecoin riding high, Tesla accepting payment in Bitcoin, and the IRS asking about it on your tax forms. But without proper guidance from the IRS, plenty of questions still surround crypto taxes and the specifics of cryptocurrency compliance. Crypto taxes are once…