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.
Increase in value of property due to market conditions. When you sell appreciated property, you pay tax on the appreciation since the date of purchase. When you donate appreciated property held long term, you may generally deduct the appreciated value.