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Tax debt is no joke, especially to the Internal Revenue Service. If your client owes the IRS for tax delinquency, regardless of the reason, the IRS will not sit back and wait.
If this hasn’t happened to you already, get ready. It will. The IRS put a little SALT in the games of business owners who live in states with high income taxes and property taxes.
Just because the IRS hasn’t contacted some of your clients who made erroneous claims for refunds or credits doesn’t mean they won’t in the future.
Taxpayers who were victims of Hurricane Michael are breathing sighs of relief right now, as they have one less thing to worry about.
Are your retired clients paying enough tax during the year? If not they might end up with a big (and not so nice) surprise next tax season.