Anderson Business Services, Inc.

04/14/2022

02/23/2022

Following the opposition to using biometric facial recognition to verify taxpayer identity, the IRS has released a new option: live, virtual interviews using the same company.

If you don’t like the plan, the agency says facial recognition is still an option.

02/14/2022

Many taxpayers have continued to receive automatically populated letters from the IRS regarding various issues they may have already dealt with. This may be a balance due, missing document, tax return not received or other tax issue.

Due to the continuing backlog the IRS is experiencing, they still may not have processed the payment or forms received, which means the system doesn’t know yet that the issue has already been handled from the taxpayer’s end.

Because of this delay, they have chosen to temporarily suspend the mailing of these automated letters. Those taxpayers who have already submitted information to resolve their tax issue should not expect to see any further letters for now, and the expectation is to have the backlog caught up before those mailings continue.

IR-2022-31, February 9, 2022 — As part of ongoing efforts to provide additional help for people during this period, the IRS announced today the suspension of more than a dozen additional letters, including the mailing of automated collection notices normally issued when a taxpayer owes additional ...

01/31/2022

There are a select group of taxpayers that may have received IRS letter 6419 reporting incorrect Advanced Child Tax Credit payments.

To avoid any delay in return processing, it is important to compare the amount on the letters with the amounts actually received via direct deposit or check.

You can also log into your IRS account to view the amounts received, which should match your bank records. Make sure you are reporting amounts actually received to your tax preparer!

January 27, 2022 — A statement about the Child Tax Credit letters being sent.

01/24/2022

Today is the opening day of tax season, and this year it is more important than ever to ensure your records are up to date and correct.

The already backlogged IRS is urging taxpayers to make sure their information is accurate before filing, to avoid lengthy delays in processing.

So, get your paperwork together and give us a call to get a jumpstart on your 2021 tax filing!

IR-2022-08, January 10, 2022 — The IRS announced that the nation's tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.

01/16/2022

As we approach the start of a new tax season, the staff as ABS is grateful for our CPA, and her dedication. 27 years of employment is something we should all strive for. Happy Anniversary Beth!

01/07/2022

01/05/2022

Individuals who received any of the advanced child tax credit payments last year should be on the lookout for Letter 6419.

This correspondence from the IRS should be mailed to all households by the end of January, and the information will be required for your 2021 tax return.

The IRS will be sending Letter 6419, which shows how much families received in advanced child tax credit payments, in January.

12/22/2021

If you received advance Child Tax Credit payments, when you file your 2021 tax return, you will need to compare the advance payments that you received during 2021 with the amount of the Child Tax Credit that you can properly claim on your 2021 tax return. The fastest way for you to get your tax refund that will include your Child Tax Credit is by filing electronically and choosing direct deposit.

To for the upcoming tax filing season, click here: www.irs.gov/getready

12/16/2021

Tax professionals are no strangers to change. The frenetic pace of filing season inevitably gives way to the steady rhythm of returns on extension, vacation time (YES!), tax planning sessions, a little more vacation time (let’s hope!) and — before you know it — you’re preparing to do it all ...

12/08/2021

Don’t be a Gilbert - Call ABS instead!