“I received an email from Kara at the office letting me know that an erroneous IRS letter was coming my way for an issue with my return. She asked if I wanted to have Ryan call the IRS and get it corrected or if I wanted to handle it myself and the last thing I wanted to do, or had even had time to, was talk to the IRS. Ryan called and had the correction made in about 15 minutes. I got the letter the next day and knew it was already dealt with.”
News and Updates
27
Jan
Jan
IRS Expects Complications This Season
The IRS officially opened up the 2021 tax filing season on January 24, 2022 but has already made statements to congress, and the public, that they expect this season to be just as complicated and aggravating as the last two years. Just what we all wanted to hear, right?
The biggest source of frustrations for taxpayers is going to be, without a doubt, delays in refunds. “Normally” (do people even use that word anymore?) the IRS issues federal refunds within a 21 day window of time. However, the IRS has warned us that taxpayers should expect it to take longer due in part to the agency still having roughly 6 million unprocessed 2020 individual returns as of December 23, 2021, that have errors on the return primarily dealing with the Recovery Rebate Credit amounts.
27
Jan
Jan
Power of Attorneys
Matt and Ryan made the decision last summer that we’d like to have all clients provide us with a signed Power of Attorney Form 2848. We saw the writing on the wall and knew this upcoming tax season was going to provide a whole host of challenges and to make life easier on our clients and our staff, it made sense for us to have all possible resources we need to complete your return available to us during tax time.
If you have access to your client portal, a copy of the Power of Attorney was uploaded there for you. If you don’t use our portal then copies would have been mailed to you.
18
Aug
Aug
Power of Attorney Form 2848 For All Clients
As we’re sure you’re aware, the past year and a half living under a global pandemic has been unbelievably challenging for everyone. It has been exceptionally difficult for us as preparers navigating complex new tax laws and provisions, incorporated in the middle of tax season no less. One of the biggest challenges we’ve had during this time is dealing with an already under-funded, technologically deprived, and short-staffed IRS. Issues that would, in non-pandemic years, take us a few days to resolve now take weeks or even months. Add to it the US Mail delays affecting tax documents from being delivered and it truly has been a recipe for frustration. At times this season we’ve felt helpless in being able to assist our clients.
