Thursday, June 25, 2026

WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’?

 

* Russ Fox tells of his frustration in trying to contact the IRS by phone in"Don’t Call Us” at TAXABLE TALK.

His bottom line (highlight is mine) –

Meanwhile, the proposed IRS budget features a $1.4 billion cut.  IRS staffing is down by about one-third from early 2025.  As much as I like small government (and I do), the IRS needs to be correctly funded and that means a budget increase, not a cut.  Perhaps one day online services can fully replace humans, but that day isn’t today.  If you’re a taxpayer–and everyone reading this is–complain to your Representatives and Senators.  There are almost certainly areas of the federal budget that can be cut (given the reports of fraud); however, the IRS isn’t one of those today.”

Russ finally got lucky – “The 43rd Try Was a One-Third Success” –

. . . to my surprise the 43rd try got me into the queue with a 15 to 30-minute hold time (it ended up being 24 minutes).”

* The F.I. TAX GUY gives us a primer on “ROTH IRA Withdrawals”.

* At the height of my career, I did the tax returns of several Lutheran ministers.  The NATP BLOG helps tax preparers and clergy with “Understanding the minister's housing allowance” –

Few tax provisions are as unique as the minister's housing allowance. For qualifying clergy, the allowance can provide a valuable income tax benefit. However, the rules are highly specific and mistakes can lead to reporting errors, missed tax savings or unexpected tax liabilities.”

* This just in – “National Taxpayer Advocate issues 2026 mid-year report to Congress” –

National Taxpayer Advocate Erin M. Collins today released her Fiscal Year 2027 Objectives Report to Congress, highlighting a largely successful 2026 filing season in which the IRS processed nearly 139 million individual tax returns, issued more than 90 million refunds, and successfully implemented extensive tax law changes despite significant operational challenges.”

TTFN













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