FL - Guidance issued on catastrophic event property damage
Florida provides guidance on catastrophic event property damage for property tax purposes. Topics discussed include the payment of property taxes, […]
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The Internal Revenue Service said it delivered “significantly improvedcustomerservice“ during the 2023 tax filing season and cited funds made available to it from the Inflation Reduction Act as the key reason for it.
According to statistics released April 17, 2023, by the agency, the IRS achieved 87 percent level of service, two percentage points above the 85 percent target set by Department of the Treasury Secretary Janet Yellen and well above the 15 percent recorded in 2022.
Compared to 2022, the agency answered 2 million more calls and cut average wait times from 27 minutes to four minutes. It also served 100,000 more taxpayers in person and digitized 80 times more tax returns through the adoption of new scanning technology. The IRS also reports that 92 percent of taxpayer assistance centers (335) were open by early April this year.
The IRS also made it possible to respond to nine notices online and plan to allow for 72 more notices to come with an online response form.
By Gregory Twachtman, Washington News Editor
Florida provides guidance on catastrophic event property damage for property tax purposes. Topics discussed include the payment of property taxes, […]
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In response to Hurricane Idalia, eligible taxpayers that file Florida corporate income tax returns with original due dates or extended […]
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As part of ensuring high income taxpayers pay what they owe, the IRS warned businesses and tax professionals to be alert to […]
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The 2023 interest rates to be used in computing the special use value of farm real property for which an election is made under Code Sec. 2032A were issued by the IRS. In the […]
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The IRS has reminded taxpayers about the IRS Identity Protection PIN opt in program to help protect people against tax-related identity theft. “The Identity Protection (IP) PIN is […]
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The IRS has reminded eligible contractors who build or substantially reconstruct qualified new energy efficient homes that they might qualify for a tax credit […]
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The IRS has reminded eligible educators that they will be able to deduct out of pocket classroom expenses upto $300 while filing their federal income tax returns next year. […]
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Guidance is provided regarding the Florida sales tax holiday on tools commonly used by skilled trade workers, which is held […]
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