Dan Cummins talks with Charlie Heid, a CPA with CLA Global, about how long you should hang on to financial records.
Under the initiative, most people will be able to submit everything but their tax returns digitally in 2024. Those will come in 2025.
“Taxpayers will save time and effort," she says, as people can begin submitting their documents now, instead of waiting until the originally planned time frame of early next year. The IRS plan for customer service improvements for the 2024 filing season comes against the backdrop of a series of proposals by congressional Republicans to reduce its funding.Under the initiative, most people will be able to submit everything but their tax returns digitally in 2024. As the IRS pilots its new electronic The processing change is expected to cut back on the $40 million per year that the agency spends storing more than 1 billion historical documents.
The IRS cutback would cost taxpayers billions of dollars, not save money, according to independent budget analysts.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The IRS plan to let taxpayers digitally submit documents is ahead of schedule, Janet Yellen saysTaxpayers will be able to digitally submit all sorts of tax documents and other communications to the IRS months earlier than originally planned. That's according to a new timetable being announced Tuesday. Treasury Secretary Janet Yellen says the IRS is three months ahead of schedule on going paperless.
Read more »
The IRS plan to let taxpayers digitally submit documents is ahead of schedule, Janet Yellen saysTaxpayers will be able to digitally submit all sorts of tax documents and other communications to the IRS months earlier than originally planned.
Read more »
The IRS plan to let taxpayers digitally submit documents is ahead of schedule, Janet Yellen saysTaxpayers will be able to digitally submit all sorts of tax documents and other communications to the IRS months earlier than originally planned.
Read more »
The IRS plan to let taxpayers digitally submit documents is ahead of schedule, Janet Yellen saysTaxpayers will be able to digitally submit all sorts of tax documents and other communications to the IRS months earlier than originally planned
Read more »
The IRS plan to let taxpayers digitally submit documents is ahead of schedule, Janet Yellen saysWASHINGTON (AP) — Taxpayers will be able to submit all sorts of tax documents and other communications to the IRS digitally months earlier than originally
Read more »
The IRS plan to let taxpayers digitally submit documents is ahead of schedule, Janet Yellen saysTaxpayers will be able to submit all sorts of tax documents and other communications to the IRS digitally months earlier than originally planned under a new…
Read more »