Tax Return Melbourne - PowerPoint PPT Presentation

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Tax Return Melbourne

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Given the advent and advancement of technology and ease of access to information, online tax returns have become much more of a breeze than in the past. Not only do we need very less information off you but also that you could be anywhere in Australia and your accountant can be virtually anywhere to assist with the lodgement of your tax returns. – PowerPoint PPT presentation

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Title: Tax Return Melbourne


1
Tax Return Melbourne
  • Accounts NextGen

2
IRS urged to stop sending notices for unpaid
taxes until it catches up on mail backlog
3
  • Rep. Richard Neal, D-Massachusetts, who performs
    a significant role in tax-writing House Ways and
    Means Committee, has recently urged the internal
    revenue service to stop sending notices on unpaid
    taxes to the taxpayers.
  • However, this was happening at the agency because
    of the Mail Backlog that turned out as the
    consequence of the global pandemic, COVID-19.
  • Owing to this problem, many taxpayers were still
    receiving 'balance-due notices' that perhaps have
    created a tense situation for most people among
    you.
  • The officers have stated the reason behind it.
    After the global pandemic, most of the mails have
    remained unopened, even taxpayers filled their
    online tax return to the IRS a month ago, but
    still, it was happening. Similarly, after the
    employees returned to work, the entire process
    began to deal with all these unopened emails.
    But, this wasn't the instant solution as the
    number of mails was in millions.

4
  • Therefore, to manage the situation, the IRS
    decided not to address the payment's final
    processed date and only post the receiving date
    payment. And taxpayers also don't require to
    cancel their checks sent to IRS, as they'll
    slowly review the mail to ensure taxpayers don't
    get any penalties or interest.
  • But Neal suggested the IRS that in addition to
    sending lots of notice, IRS can set up an online
    portal for taxpayers to understand their tax
    return smoothly.
  • In the context of this suggestion, Neal says that
    taxpayers can quickly provide information to the
    IRS about their previous mails. However, Neal
    also requested IRS to assure taxpayers that no
    penalties or charge has knocked their doors, as
    because of the pandemic, the agency was delaying
    in processing their payments.

5
  • Neal also wrote " to not to make backlog problem
    a taxpayer problem" indeed, IRS should carefully
    review each mail and ensure everything before
    sending, so that a taxpayer doesn't get penalized
    unnecessarily. Otherwise, the IRS should leave
    sending the notices to the taxpayers.
  • Therefore, last week, the IRS updated its web
    page with new information that is clearing the
    taxpayers' entire doubts. But due to COVID-19,
    most of the mails may still be unopened. Thus, to
    avoid penalties while filing the individual tax
    return, taxpayers must remember that they don't
    cancel their checks as IRS will continue to
    process them to ensure that the fund is available
    or check isn't bounced.
  • Currently, the IRS provides relief from bad
    checks to provide equitable and fair treatment to
    the taxpayers. But in most instances, interest
    and charges may still apply.

6
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  • Accounts NextGen
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