Tax

A common refrain I have heard recently from tax preparers is that they have clients who have claimed the Employee Retention Credit (“ERC”) and now need to amend their income tax returns.

The Employee Retention Credit is extremely popular these days. You can easily find online ads for many companies trying to sell you services for it. There are radio and tv ads.

Another important Internal Revenue Service letter is the Notice of Deficiency or 90-day letter. This comes in two forms, the Letter 531, if the audit of your tax return was conducted in person, and the Letter 3219, if the tax return exam was completed by mail.

Today’s post is going to be a bit different. The Taxpayer Bill of Rights is an important topic for anyone that has to interact with the IRS. However, instead of going through all of it in a blog post, I made a couple of videos that explains each of the ten rights.