“Forbes” magazine recently published an informative (and somewhat humorous) article about tax myths widely held by many. We hear these false beliefs every day from tax clients. They deserve repeating. (Thanks, “Forbes”.)
The IRS has announced a new appeals process to begin September 2nd, which hopefully will benefit taxpayers trying to settle their cases. At the 2014 IRS Nationwide Tax Forum in August, it was announced that “the focus is going to be on settling cases” and that “the Appeals staff will not raise new issues.” The stated goal is to enhance customer perceptions of a fair, impartial, and independent Office of Appeals.