Asher & Wood, LLC

04/30/2022

The last paragraph is exactly what I've been saying for years (especially this year because it's become ridiculous what is on the 1040)!

Efforts to improve the taxpayer experience should focus on the IRS's operations and include structural improvements to the tax code.

04/18/2022

The Internal Revenue Service has limped through yet another tax filing season, reduced to plugging staffing holes in customer service and returns processing by shifting...

04/17/2022

Yes, it's time!

MacIver Newsmakers: Sen. Roth’s Plan to Eliminate Income Taxes By MacIverNews - April 14, 2022 Income Tax, MacIver Newsmakers, Roger Roth Apr. 14, 2022 Wisconsin would eliminate its state income tax under a Republican plan being floated in the State Senate. Senator Roger Roth (R-Appleton) tells th...

03/21/2022

02/17/2022

The best way to "cure" the problem at the IRS is to simplify the tax code! There's absolutley NO reason why the tax code needs to be as long and complicated as it is!

Remember the old marketing cliche: “I don’t care what you say about me as long as you spell my name right.” In the Internet age,...

01/31/2022

With the IRS involved, I can't imagine that anything could go wrong with this!?!?!

That verification requirement will soon be required for all taxpayers to view other personal tax documents on the IRS website. Although ID.me is widely-used, including by other government entities, and is generally considered secure, the thought of ...

01/30/2022

I'm always amazed at how often the IRS cashes the check but says they didn't get the return that it came with. 😬

The IRS lost my 2020 tax return. Well, according to the notice I got yesterday, the IRS says it “never received” the return. But I’m...

01/13/2022

Well, isn't this great news. Considering how "bumpy" the tax seasons of 2020 & 2021 were, a person would think things would get better some year! Apparently not this year! 😟 Here's a novel idea for Congress and the President.....SIMPLIFY THE TAX CODE!

Taxpayers and the IRS are set to face a bumpy 2022 tax filing season, which the IRS announced will begin January 24th and run through April 18th.

Two major challenges await taxpayers: a second year of navigating pandemic-related tax relief on their returns and IRS backlogs that may delay processing and refunds.

Over the past two years the IRS has dealt with such challenges as pandemic-related disruptions for staff and the need to quickly administer several large and complicated relief packages enacted through the tax code.

The implementation issues at the IRS have exposed the trade-offs of using the tax code to administer social support, especially during the pandemic.

Read more: https://taxfoundation.org/2022-tax-filing-season-irs-backlog/

10/19/2021

IRS Letter 6419. If you receive one, DO NOT throw it away! Include it with your 2021 tax information you provide to your preparer (preferably a CPA).

03/19/2021

https://www.revenue.wi.gov/Pages/News/2021/Tax-Season-Deadline-Extended.pdf

03/18/2021

https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline

IR-2021-59, March 17, 2021 — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.

01/31/2021

Unless the legislature acts, businesses that have received PPP loans and related federal assistance will face $457 million in state taxes through 2024—with more than half of those taxes coming due this spring—despite Wisconsin being on track to see continued general fund revenue growth even amid...