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Writer's pictureJosiah Caldwell

New IRS Bill Promises Clarity and Simplicity for Taxpayers



A landmark bill from Congress, the “IRS Math and Taxpayer Help Act of 2024,” aims to simplify how the IRS communicates with taxpayers about errors on their returns. Historically, the IRS has provided multiple possibilities for why an adjustment might be occurring, rather than specifying the exact error. This approach has often left taxpayers confused and stressed.


The new bill mandates that the IRS provide clear, specific explanations when recalculating errors, making it easier for taxpayers to understand and comply with IRS adjustments. As tax professionals at Verity CPAs, we often see our clients panic upon receiving an IRS letter, primarily due to the lack of clarity in these communications.


Simplifying compliance processes is crucial. When the IRS makes it easier for taxpayers to understand their errors, compliance rates increase. This new bill is a significant step towards making the tax process less painful and more transparent for everyone involved.


If you have any questions or need assistance with your taxes, don’t hesitate to reach out to Verity CPAs at info@verity.cpa or 808.546.5026.

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