Tag Archives: taxpayer

IRS2Go 5.0 Smartphone App

irs2go-phonev21_11321091

In this golden age of technology, communication has become one with convenience, not just in how we contact one another, but how we interact with businesses, banks, restaurants, and even government services. The Internal Revenue Service released their new smartphone application IRS2Go 5.0 which is compatible with both Apple and Android devices.

It’s free for download to anyone looking to simplify the way they connect with IRS, specifically; “The new version of IRS2Go provides taxpayers another way to quickly get information and help around the clock” said IRS Commissioner John Koskinen”.

It’s important that users who have already downloaded past versions of IRS2Go should make sure to update their devices with the most current official- and completely free version of the app by visiting the Apple App Store or Google Play Store.

The newest version of the free mobile app offers a number of safe and secure ways for taxpayers to access other popular tools and the most up-to-date tax information, including:

  • Refund Status. Taxpayers can check the status of their federal tax refund through IRS2Go. People simply enter their Social Security number, which will be masked and encrypted for security purposes, then select their filing status and enter the amount of their anticipated refund for their 2014 tax return.
  • Free Tax Prep Providers. The IRS Volunteer Income Tax Assistance (VITA) and the Tax Counseling for the Elderly (TCE) Programs offer free tax help for taxpayers who qualify. This brand new tool on IRS2Go will help taxpayers find the nearest volunteer tax help site to their home by simply entering their zip code and selecting a mileage range. By clicking on the directions button within the results, the maps application on the device will load with the address, making it easy to navigate to your desired location.
  • Stay Connected. Taxpayers can interact with the IRS by following the IRS on Twitter, @IRSnews or @IRSenEspanol, watching helpful videos on YouTube, signing up for email updates, or by using the Contact Us feature.

We urge our clients to take advantage of this application, although it doesn’t solve all issues concerning personal finance with a wave of a magic wand, it serves as a very resourceful platform for anyone to make their lives just a little more simple.

 

Time are a changing

There are days I wish I could relive, where people and the memories seem to be perfectly happy, living in moments of laughter and the simplicity life provided at the time. Our memories of the past are fond and life was certainly simpler but times are a changing. What some people cannot bring themselves to do, when it comes to owning a small business is to adapt to changing circumstances regardless of what their accountants advice.

Some years ago we got a new restaurant client that had a serious problem, the previous owner’s books and records were virtually non existent. Fortunately when they found themselves in the crosshairs of the Department of Labor they were prepared for them. They had listened to us and implemented an accounting system that accurately reflected their Sales and Payroll.

New York State has been actively visiting worksites unannounced and are making rather large assessments, DOL audits are particularly gruesome as their position taken are mostly intractable. But beware because the Department of Labor will send an auditor to your restaurant.Here walks in a Man and/or Woman, they are seated, given a menu and their order is taken, no problems right? WRONG. As it turns out this Man and/or Woman is an Auditor for the DOL. There they are, mentally counting heads, keeping track of every single individual they see working under your employment. They will often speak to them to determine there hours worked.

The Auditor can now go back to your NYS-45 Tax filings to figure out exactly how many employees you claim to employ, the calm before the storm. Until the day you as the business owner is made aware of a Department of Labor Audit, yeah, not exactly the news you wanted to hear.

If only you as the owner had just listened to your accountant, why oh why did I not change my ways! Well lucky for you this is just a short story illustrates how simply this could happen to you and your business and what you need to do to avoid it.

And in this case, BECAUSE we made our client aware of the imminent dangers that lay ahead, they made the correct changes and avoided a huge assessment, having had to only pay a small Unemployment Insurance assessment.

Hopefully, we have in a colorful way informed and convinced you to change for the better, if you just make some changes, the state may just decide to skip your audit or in the worst case scenario not be in a position to make a large assessment. Remember, without the adequate needs an employer is at the mercy of a DOL auditor.

REMEMBER

Be prepared, don’t keep your head in the sand and listen to your accountant as the times are a changing.

The Tax Payer Bill of Rights

Most people think that they are at the mercy of the IRS. They think they have no rights whatsoever – but they are wrong. Taxpayers have always had certain rights in dealing with the Internal Revenue Service, and recently these rights were formalized and codified. As IRS Commissioner John Koskinen noted, these rights existed for a long time in the tax code but it was never clear to most people what they were until now.

The Taxpayer Bill of Rights breaks down your rights into 10 easy-to-understand pieces. Let’s look at a summary of the 10 rights.

The Right to Be Informed

You have the right to know what you need to do to comply with tax laws. This means you are entitled to clear explanations of laws, procedures, instructions, publications and notices. You are also entitled to clear information about decisions regarding your personal case.

The Right to Quality Service

You have the right to professional service, including straightforward and courteous dealings with the IRS. You also are entitled to speak to a supervisor about inadequate service.

The Right to Pay No More than the Correct Amount of Tax

You only need to pay the actual amount you owe and never more than that amount. Furthermore, any and all payments are to be properly applied against the appropriate accounts or tax liabilities.

The Right to Challenge the IRS’ Position and Be Heard

You have the right to object to the IRS’ position and provide documentation in your defense. This means you are entitled to a timely consideration of your objections and to receive a detailed response if the IRS does not agree with your defense.

The Right to Appeal an IRS Decision in an Independent Forum

You have the right to a fair and impartial appeal process, including the right to receive a written response regarding the Office of Appeals’ decision.

The Right to Finality

You have the right to know the amount of time the IRS has to audit a tax year, collect a tax debt, and when the IRS has finished an audit.

The Right to Privacy

You have the right to expect that any IRS examination or inquiry will not be unnecessarily intrusive. You are entitled to a collection due process hearing before search and seizure of your property.

The Right to Confidentiality

Any information provided to the IRS will not be disclosed unless you authorize such disclosure. You can expect action to be taken against anyone who inappropriately uses or discloses your information.

The Right to Retain Representation

You can retain a representative of your choice to represent you in dealing with the IRS.

The Right to a Fair and Just Tax System

You can expect the tax system to fairly consider the facts and circumstances of your case. In cases of financial difficulty, taxpayers have the right to receive assistance from the Taxpayer Advocate Service.

The Taxpayer Bill of Rights will hopefully prove to be a step in the right direction of a more fair, efficient and transparent tax system for all taxpayers.
 

Please contact us if you have any questions about the information in this article.

Best regards,
James Diapoules and Marvin Feinstein