In a win for taxpayers’ rights, President Trump signed the bipartisan Internal Revenue Service Math and Taxpayer Help (IRS MATH) Act into law. The law requires the IRS to provide clear explanations of any math or clerical corrections it makes to taxpayers’ returns and prominently inform them of the 60-day timeframe for challenging the changes. The National Taxpayer Advocate (NTA) notes that the IRS issues several million “math error” notices annually. The NTA stresses that taxpayers have only 60 days to request abatement of the IRS’s adjustment. If they fail to act within that 60-day window, the assessment becomes final. For more information from the NTA: https://bit.ly/4p8GoJm
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