Last Known Address Program Delayed


TAX NEWS

Last year the IRS announced that, effective May 1, 2000, a new program would allow it to update taxpayers’ addresses using the U.S. Postal Service’s national change of address (NCOA) database. Previously a taxpayer’s “last known address,” although not defined by statute or regulation, had been determined by case law to be the address that appeared on the taxpayer’s most recently filed and properly processed return. Furthermore, the IRS issued proposed regulations to reflect this new definition. But in announcement 2000–49, the IRS said it would delay the program’s start because it could not complete by May all the steps necessary to implement the regulations. The service did not give a new start date.

SPONSORED REPORT

Get your clients ready for tax season

Upon its enactment in March, the American Rescue Plan Act (ARPA) introduced many new tax changes, some of which retroactively affected 2020 returns. Making the right moves now can help you mitigate any surprises heading into 2022.

100th ANNIVERSARY

Black CPA Centennial, 1921–2021

With 2021 marking the 100th anniversary of the first Black licensed CPA in the United States, a yearlong campaign kicked off to recognize the nation’s Black CPAs and encourage greater progress in diversity, inclusion, and equity in the CPA profession.