Congress Cuts IRS Budget; Taxpayers Pay The Price

Five Stone Tax Advisers' Take on an Important Tax-Related Article:

In the upcoming filing season, the IRS will be managing more compliance items such as the ACA (affordable care act) and FATCA (foreign account tax compliance act) with a reduced budget and staffing. Taxpayers will end up feeling the effects of this perfect storm. There will be a drastic reduction in customer service along with a very slow response time by the IRS to inquiries. Taxpayers should expect potential processing errors to occur in regards to tax returns and paperwork. The importance of retaining a federally authorized tax practitioner that understands how to deal with the IRS in such circumstances cannot be overstated.

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by Five Stone Tax

Five Stone Tax is America’s trusted tax adviser, offering full-service tax solutions with the goal of making sure all of our clients pay the lowest amount of taxes legally possible. As the most effective tax representation company in America, our team consists of the best Property Tax Consultants, Tax Attorneys, Enrolled Agents, case managers, and administrators in the industry.