We’re now more than halfway through the 2022 tax return filing season, and I’m often asked for filing best practices — more specifically, best practices for filing income tax returns and dealing with the IRS and state and local taxing authorities.
The pandemic has created unique challenges for tax professionals, taxpayers and the taxing authorities. The IRS has provided some relief in several ways, including halting certain notices to taxpayers and, in many cases, eliminating the need to file those lengthy new K-2 and K-3 forms. See my article on the
The IRS recently granted further penalty relief in
- Electronically file their 2021 tax return, and,
- Pay any tax due by April 18, 2022 (or April 19 for those living in Maine or Massachusetts).
However, with
Despite these ongoing challenges, your tax practice’s busy season doesn’t need to be a disaster. Below are five best practices that can help filing returns go more smoothly and expedite receiving refunds.
While these recommendations will certainly help expedite filings and processing of returns and receipt of refunds, significant backlogs, lack of adequate staffing, difficulty reaching tax authority agents by phone and pandemic-related IRS and state and local office closures will undoubtedly make this tax season a unique and particularly challenging one for tax professionals and taxpayers.