If you’ve been griping about IRS service, put your money where your mouth is! The Treasury is now accepting nominations for volunteers to serve a 3-year term on the National Taxpayer Advisory Panel (TAP). The TAP’s mission is to listen to taxpayers, identify issues that affect them, and make suggestions to the Secretary of the Treasury, the Commissioner of Internal Revenue, and the National Taxpayer Advocate for improving IRS service and customer satisfaction.
Volunteers must make a personal commitment of 300 to 500 hours annually and be U.S. citizens. They must also pass an IRS tax compliance check as well as an FBI background investigation.
Go to www.improveirs.org to complete the online application. Submission runs from March 19, 2012, through April 27, 2012.
The tax on the investment income in excess of $1,700 (may change after 2007) of a child under age 18, based on the parents’ marginal tax rate and computed on Form 8615.