Tax Season 2023: Why You Should Consider Virtual IRS Interactions
On today’s episode of “On today’s Wealth,” host Brad Smith delved into various financial topics, including housing market trends, investment strategies, and retirement planning. One guest of particular interest was Tom O’Saben, the Director of Tax Content at the National Association of Tax Professionals.
The Changing Landscape of the IRS
During the conversation, O’Saben shed light on an important issue affecting many taxpayers: the ongoing changes within the Internal Revenue Service (IRS). With budget cuts and staffing shortages, the IRS has had to adapt, and this year, virtual interactions are becoming the norm.
Why Virtual Interactions?
O’Saben explained that due to these workforce changes, taxpayers should consider using virtual methods to interact with the IRS this tax season. He elaborated on several reasons:
Reduced Wait Times
One significant advantage of virtual interactions is the reduced wait times. With fewer in-person visits, taxpayers can save valuable time by opting for phone calls, emails, or online chat support instead.
Increased Convenience
Virtual interactions offer the convenience of being able to handle tax-related matters from the comfort of one’s own home or office. This is especially beneficial for individuals with mobility issues or those who live far away from IRS offices.
Improved Safety
In light of the ongoing pandemic, virtual interactions provide a safer alternative to in-person visits. Taxpayers can avoid the risk of exposure to illnesses while still receiving essential tax services.
The Impact on Individuals
For individuals, these changes can mean a more efficient and convenient tax season. By embracing virtual interactions, taxpayers can save time, reduce stress, and maintain their safety. However, it is essential to note that some complex tax issues may still require in-person visits.
The Impact on the World
On a larger scale, these changes within the IRS could lead to a more digitally-focused tax system. As more taxpayers adopt virtual interactions, the IRS may invest further in its digital infrastructure, making tax services more accessible and efficient for everyone. This could potentially lead to a reduction in the taxpayer burden and an overall improvement in the tax filing process.
Conclusion
The ongoing workforce changes within the IRS are leading to a shift towards virtual interactions for taxpayers. This trend offers several advantages, including reduced wait times, increased convenience, and improved safety. As individuals prepare for tax season 2023, it is essential to consider these virtual methods for handling tax-related matters. The wider implications of this shift could lead to a more accessible, efficient, and digitally-focused tax system for the future.
- Consider virtual interactions for a more efficient and convenient tax season
- Reduced wait times and improved safety are benefits of virtual interactions
- A more digitally-focused tax system could be the future
