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~ $1.2 billion in unclaimed refunds for the 2022 tax year remain outstanding. In light of a recent federal court decision, the IRS is urging taxpayers and tax professionals to act promptly, as approximately $1.2 billion in unclaimed refunds for the 2022 tax year remain outstanding. The deadline to claim these refunds is April 15, 2026. Currently, more than 1.3 million individuals have not filed a 2022 federal income tax return, potentially leaving substantial refunds uncollec

How to split an IRS refund using Form 8888 Form 8888 lets taxpayers split a federal tax refund into up to three accounts for savings, retirement contributions or other financial goals Many taxpayers look forward to receiving a tax refund each year, but not everyone realizes they can divide that refund into multiple deposits. The IRS allows taxpayers to split their federal refund into several accounts using Form 8888, Allocation of Refund. For tax professionals, understanding

Resolving IRS Notices in 2026: What Taxpayers Need to Know Tax professional reviewing IRS transcripts, extension filings and balance-due returns to prevent notices and resolve late-season tax issues As April 15 draws near, tax professionals are seeing familiar late-season patterns of mismatched income on transcripts, a surge in extension filings and a steady rise in balance-due returns. IRS notices are landing in mailboxes faster than ever, catching many taxpayers off guard.

The IRS Holds the Taxpayer Responsible What tax professionals need to communicate to clients about their ultimate responsibility for accurate returns, recordkeeping, and responding to IRS notices As tax professionals, we carry the technical burden. We apply the law, complete the forms and guide clients through complicated rules. But one principle never changes: the taxpayer is ultimately responsible for their return. Section 6011(a) requires the taxpayer to make a return and