Stuart G. Lang, CPA, PC

Stuart G. Lang, CPA, PC updated their address.

For all those who inherited property, IRS has again delayed the due date for providing statements to IRS and to beneficiaries, under the rules requiring consistent basis reporting for estate tax and income tax purposes, this time until Mar. 31, 2016. IRS has also noted that it expects to issue proposed regs on the statements very shortly and suggested that persons required to provide those statements wait to prepare them until the proposed regs are issued. Notice 2016-19, 2016-9 IRB

Internal Revenue Service Commissioner John Koskinen warned that close to half the people trying to reach the IRS by phone might not get through during the upcoming 2015 tax filing season. “Phone service could plummet to 53%,” he told an audience of tax practitioners at the AICPA National Tax Conference in Washington, D.C. today. That would be down from an already unacceptable 72% during the 2014 filing season. The average hold time projection: 34 minutes! What’s to blame? Budget woes. “All we can do is try to maximize our services as well as we can; as well as we can is still going to be miserable. You really do get what you pay for,” he said.

THE IRS BUDGET HAS BEEN CUT-

Just think there is only 99 days until your personal tax return is due.