Tag Archives: IRS

Lawmakers Raise Concerns About Tax Transcript Issue

A bipartisan group of lawmakers -- led by Rep. Gregory Meeks (D-N.Y.) and including House Ways and Means Committee Chairman Kevin Brady (R-Texas) -- wrote to the Internal Revenue Service yesterday to express concerns about recent changes to the IRS’ tax transcript processing system that could result in significant delays for consumers when attempting to purchase or refinance a home.

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Associations Call on IRS to Fix Tax Transcript Issue

In a comment letter with nine trade associations on Friday, ABA urged the IRS to take immediate steps to fix problems with the tax transcript process that could result in significant delays for consumers attempting to purchase or refinance a home.

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IRS Confirms Delay in Reporting Requirements for FTINs

The IRS yesterday formalized previously announced plans to allow withholding agents more time to meet requirements of obtaining foreign taxpayer identification numbers -- or a reasonable explanation for not having one -- and dates of birth on required documentation for foreign customers.

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