Online options for notices, energy and earned income credits, amended return refunds, free tax help
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| Issue Number: 2023-03Inside This Issue
1. New online option for 9 notices can help resolve issues fasterTaxpayers who receive certain notices requiring them to send information to the IRS now have the option of securely submitting their documentation online through IRS.gov. "This capability is another step forward by the IRS to help taxpayers and improve service," said IRS Acting Commissioner Doug O'Donnell. "This provides immediate benefits to taxpayers, who have nearly instant confirmation that documents were received by the IRS. In turn, this will dramatically speed up the resolution of issues by removing a time-consuming step in the process. This means people can have their issues resolved much faster, including getting refunds to affected taxpayers faster. We will continue to look at improvements like this as we work to transform the IRS following passage of the Inflation Reduction Act last year." For the most part, the IRS sends these notices to individual tax filers claiming tax benefits, such as the Earned Income Tax Credit for low- and moderate-income workers, the Child Tax Credit for families with dependents, the Premium Tax Credit for those who obtain health coverage through the Health Insurance Marketplace and members of the military claiming combat zone tax benefits. 2. Energy credits: Low-income areas, advanced projects, residential and vehicleSolar and wind power for low-income areas Qualifying Advanced Energy Project Credit Home improvements New, previously owned and qualified commercial clean vehicles 3. EITC benefits millions of low- and moderate-income workersThe IRS, along with partners nationwide, promote awareness of the Earned Income Tax Credit. This outreach campaign helps millions of Americans who earned $59,187 or less last year take advantage of the Earned Income Tax Credit. The IRS encourages people who don't normally file to check and see if they qualify for EITC or other valuable credits. 4. Direct deposit now available for electronically filed amended returnsAnyone filing electronic amended returns Form 1040-X now has the option to select direct deposit for quicker delivery of refunds. As part of the funding for the Inflation Reduction Act, this is the latest step the IRS is taking to improve service this filing season. "This is a big win for taxpayers and another achievement as we transform the IRS to improve taxpayer experiences," said IRS Acting Commissioner Doug O'Donnell. "This important update will cut refund time and reduce inconvenience for people who file amended returns. We always encourage direct deposit whenever possible. Getting tax refunds into taxpayers' hands quickly without worry of a lost or stolen paper check just makes sense." 5. Important tax season informationAvoid the rush: Use online tools in February to avoid delays Key points when filing From gathering information to filing a tax return, the six easy steps on the checklist will make tax preparation smoother. Finding the right tax professional Tax filers need to understand who they're choosing and what important questions to ask. Taxpayers are ultimately responsible for all the information on their income tax return, regardless of who prepares the return. The IRS urges taxpayers to visit IRS.gov, including: the Choosing a Tax Professional page and the IRS Directory of Federal Tax Return Preparers with Credentials and Select Qualifications. The right to be informed The right to be informed means taxpayers have the right to:
6. Free tax assistance availableFace-to-face help Taxpayers should check ahead for what services are available at their location, including service in many languages, come prepared, be aware of tax preparation options and know where to go for more information. Military members and their families Some members have extra time to file, but those with spouses and families may choose to file as soon as they can to claim any tax benefits. Seniors These options include:
7. A Closer Look: 2023 tax season and tips to accurately file your returnThe latest executive column in "A Closer Look" features Ken Corbin, Commissioner, Wage and Investment Division, discussing the 2023 tax season and tips to accurately file a tax return. "I've seen first-hand some easy, important steps that people can take to help get their refunds as quickly as possible and avoid potential delays as well as follow-up questions," said Corbin. Read more here. "A Closer Look" is a column from IRS executives that covers a variety of key issues affecting everything from IRS operations and employees to issues involving taxpayers and tax professionals. 8. Other tax newsThe following information may be of interest to individuals and groups in or related to small businesses:
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