IRS warns of filing season scams involving Form W-2 wages
The Internal Revenue Service (IRS) issued a consumer alert today to warn taxpayers of new scams that urge people to use wage information on...
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...
Latest article
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;...