IRS admits to 2005 filing errors — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
The IRS has admitted it goofed on tens of thousands of requests for filing extensions of 2005 returns. Some IRS staffers stamped the wrong date on the forms, which then were improperly denied because they appeared to have not met the April 17 deadline. The error affected taxpayers in 15 western states, including several large requests made in bulk by professional tax preparers. The IRS expected to mail out letters to taxpayers in July rectifying the situation. If you haven’t received a letter yet, call IRS’s toll-free hotline: (800) 827-1040.
If you handle payroll compliance, beware: As other tax revenue sources dry up, the IRS is hiring 700 new revenue agents whose only job will be to hunt down payroll-law violations. That means intense new scrutiny of your W-2s, 1099s, 1095s and other payroll tax reporting compliance....Click here to find out more.