In a recent newsletter the IRS provided the following information regarding the Taxpayer Advocate Service:

The Taxpayer Advocate Service (TAS) is an independent organization within the IRS that helps taxpayers who are experiencing unresolved federal tax problems. Here are 10 things every taxpayer should know about TAS:Read More

by Walter Wotman, CPA

At the end of the year, it's time to watch the dust settle on all of your financial transactions. From making the money, to spending the money, to investing the money, taxes are sprinkled on almost every financial move we make. It's very rare to pay exactly how much you owe over the year. Filing a tax return summarizes for the IRS what you've done financially in a given year, in order to be sure that you have paid what you owe in taxes for your financial decisions and/or to be sure that you didn't pay too much. It's essentially a way to "settle up" with the IRS on a yearly basis.Read More