IRS Must Explain Math Errors to Taxpayers

The Internal Revenue Service Math and Taxpayer Help Act, which becomes effective in a year, requires the IRS to provide a clear description of the error, including the type of error and the specific federal tax return line on which the error was made. The IRS must also send a notice related to an abatement of tax assessed due to a math or clerical error that clearly describes the abatement and includes an itemized computation of adjustments to be made to the items described in the notice of the error. #IdeaoftheDay