No Profiles of Courage in this Congress
As a result, do not expect any action on the two toughest tax decisions until after the November elections.
You should always correct your mistakes on your federal tax return.
There are procedures you should follow.
There is actually one department set up to help you, the Taxpayer Advocate Service (TAS.)
The Taxpayer Advocate Service Mission: “As an independent organization within the IRS, we help taxpayers resolve problems with the IRS and recommend changes that will prevent the problems.”
A penny saved is probably a penny taxed at a higher rate next year.
Ben Franklin was a cagy man. (He even made it to the face of the $100 bill even though he never held high office, much less the Presidency.) However, even wise Ben may have been perplexed this year. Tax law has never been more uncertain.
A new tax law takes away some of their special benefits.