Tax Resolution Attorney John P. Willis Writes About Refunds The IRS Made To 430,000 Taxpayers And Other Annual Adjustments That Will Affect Tax Year 2022.
Tax resolution attorney John Willis, CEO and founder of IRSALLSTAR reviews the annual inflation adjustments that will affect the 2022 tax filing season and writes about 2.8 million taxpayers getting a nice refund from the IRS before this year is over.
Fairhope, AL, November 15, 2021: Tax Attorney John Willis, CEO and founder of IRSALLSTAR.com, recently published an article on his website entitled “The IRS Is Full Of Surprises.” Mr. Willis notes that, “It doesn’t happen often, but the pandemic has caused many unusual occurrences in the past twenty months.”
One of the most surprising events for taxpayers this year, according to Willis, “is that their bank balances have gone up after the IRS automatically deposited more than $510 million into 430,000 accounts for which they had deposit information on file.” He explains, “This is the outcome of a correction due based on not having to pay taxes on unemployment income last year. That ruling was made after President Biden came into office and after many people had already filed their tax returns. So, surprise, surprise! The IRS says there are still more taxpayers who will be getting a refund before the end of the year.”
While Willis points out that inflation adjustments may not be quite as surprising, they will certainly be welcome since, as Willis states, “inflation has reached the highest level in 13 years.”
Willis provides the inflation adjustments to the standard deduction for tax year 2022, the 2022 tax brackets and rates and the recently released increase to tax year 2022 401k contribution levels.
The entire article can be read at: LINK HERE
ABOUT JOHN WILLIS
Mr. Willis believes strongly in supporting and representing the “underdog” and has devoted his entire professional life to protecting and defending those who need it most. As an attorney, Mr. Willis takes his role as “counselor” seriously. His knowledge, creativity and persistence are valuable assets that provide substantial benefits to his clients. He has represented individuals and businesses across the Gulf Coast for over 21 years and he brings together an abundance of skills and experience that can be of assistance to almost anyone.
ABOUT THE IRSALLSTAR TEAM
The IRSALLSTAR team has developed a winning formula to ensure that each client’s individual needs are specifically met. Upon becoming a client of Mr. Willis’ law firm, that client’s immediate needs are assessed and long-term goals are defined. Experienced professionals on the IRSALLSTAR team then assist each client in developing and implementing a custom-tailored game plan to provide both short-term and long-term relief from his or her serious tax problems. All firm clients are continually coached toward successful tax resolution and final victory over their challenges with the IRS and state taxing authorities. The entire blog can be found at http://www.irsallstar.com/blog/irs-tax-controversy-even-death-cant-stop-the-irs.php
To learn more about Mr. Willis and his law firm please visit http://www.IRSALLSTAR.com or call toll-free 877-254-4254.