National Tax Security Awareness Week, Day 2: Tax pros reminded about written security plans...
In an effort to safeguard taxpayers against identity theft, the IRS and the Security Summit partners are reminding tax professionals to protect both their...
Top 10 Federal Tax Implications of Rescheduling Cannabis as a Schedule III Drug
In a letter dated August 29, the Department of Health & Human Services made an official recommendation to the Drug Enforcement Administration (DEA) to...
1099-K Delay Announced by IRS
Early last week the IRS announced another in the changes to 1099-K reporting requirements. The requirements have been plaguing tax preparers for the last...
Protect Your Clients, Protect Yourself
The IRS and Security Summit partners have developed the following "Tip Sheet" for tax professionals, businesses, taxpayers
Earlier this year the Security Summit’s Protect Your Clients;...
What’s New for Tax Season?
Tax preparers may get a break this year from last minute law changes. It’s not unheard of for Congress to pass last minute tax...
New AICPA Tax Standards
New Statements on Standards for Tax Services (SSTS) take effect January 2024. The new standards include not only revisions but additional new compliance rules...
Steps To Become an Authorized e-filer
To file their clients’ federal tax returns electronically, a tax professional needs to become an authorized e-file provider. The process takes only a few steps....
November 16 – Free IRS Webinar on Upcoming E-file Threshold Change for Information Returns
The Internal Revenue Service will hold a free webinar at 1 p.m. ET on Thursday, Nov. 16, to update employers, tax professionals and others...
IRS Advisory Council issues 2023 Annual Report
WASHINGTON — The Internal Revenue Service Advisory Council (IRSAC) issued its annual report for 2023, including recommendations to the IRS on new and continuing...
IRS Launches Energy Credits Online for Clean Energy Access
The IRS has introduced the Energy Credits Online (IRS ECO) portal, a modern online tool that facilitates the successful implementation of clean energy provisions...
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AI in Accounting
Artificial Intelligence (AI) has brought about a revolution in various industries worldwide and is set to play a pivotal role in shaping the future...
Is a Court Case Redefining Income
Moore v. United States is challenging certain tax provisions that were originally put into place by Congress in 2017. The 2017 tax law changes...
An AI Powered Tax Season
Insightful Accountant hosts the last Future Forward of 2023 this week. Leading up to tax season, efficiency, organization and preparation are key and Wednesday’s...