The U.S. Senate has passed a law called the IRS Math and Taxpayer Help Act. It will go to the Presdent to be signed into law. The new is designed to make it easier for taxpayers to understand and fix mistakes the IRS finds on their tax returns — especially small math or clerical errors.
Here’s what this means for you:
- Clearer Notices:
When the IRS finds a math or clerical mistake on your return, the notice you receive will now have to clearly explain what went wrong. It must tell you:- Exactly what the error was and where it appeared on your tax form.
- How the IRS calculated any changes to your tax amount.
- The phone number to call if you need a copy of your return information.
- The deadline for you to request a correction if you disagree with the IRS.
- Easier to Fix Mistakes:
If you believe the IRS made an error, the law now requires them to give you clear options for asking that the tax be adjusted (also called an “abatement”). You’ll be able to do this in writing, online, by phone, or in person. - Less Stress and Confusion:
These changes are meant to make dealing with IRS notices less intimidating and help you better understand what’s happening with your tax return.
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