TPN Rewind: New data security plan will help tax professionals
A special new sample security plan designed to help tax professionals, especially those with smaller practices, protect their data and information is on the...
Taking the ERTC legitimately
The Internal Revenue Service (IRS) has made it clear that crackdowns on ERTC abuse are coming. Hundreds of “pop-up” shops around the country are...
You can respond to notices electronically now
The Internal Revenue Service (IRS) recently added an exciting new feature. Certain notices now can be responded to by uploading documents.
Tax preparers everywhere rejoice!...
New nominee for IRS Commissioner
Former Commissioner, Charles Rettig, announced his stepping down last October. The hunt has since been on for a new leader for the agency responsible...
Is the IRS better this season?
According to the latest Kiplinger Tax Letter, only 13% of callers actually reached a live person when calling the Internal Revenue Service (IRS) during...
The official start to tax season
The IRS announced that it would officially start accepting returns on January 23. The deadline this year falls on Tuesday, April 18, as the...
IRS selects 9 new IRSAC members for 2023
The Internal Revenue Service has appointed nine new members to the Internal Revenue Service Advisory Council. IRSAC, established in 1953, is an organized public...
IRS Issues Last Minute TIN Relief for Non-US Banks
In another last minute announcement, similar to the one issued just before Christmas, the Internal Revenue Service issued a 12-page determination the last working day...
Meet the all new Form 7203
S Corporations may take you a little longer this tax season. Form 7203 is now required for shareholders of S Corps. It is important to...
IRS Tax Forums: Save the Date
Earn CE/CFP credits. Hear the latest on tax laws, cybersecurity, ethics, and much more. The "2023 IRS Tax Forums" will be held in-person, so...
Latest article
AICPA endorses bill to simplify tax filing extensions
The American Institute of CPAs (AICPA) has endorsed bipartisan legislation introduced by Representatives Judy Chu (D-CA) and Mike Carey (R-OH) to simplify the tax filing extension...
Simple estate planning conversations
Not all tax practitioners love the idea of offering estate and trust services and that’s okay. It is difficult to specialize in all the...
More CPAs on the way?
The CPA profession has been struggling for years to retain talent in the industry. The number of overall graduates coming out of school with...