March 7, 2012 8:46 pm

Volunteer to be on the Taxpayer Advisory Panel

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.

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Tax Glossary

Withholding

An amount taken from income as a prepayment of an individual’s tax liability for the year. In the case of wages, the employer withholds part of every wage payment. Backup withholding from dividend or interest income is required if you do not provide the payer with a correct taxpayer identification number. Withholding on pensions and IRAs is automatic unless you elect to waive withholding.

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