If you have to call the IRS help line on behalf of a client, you’ll need more than the client’s name and SSN. By law, IRS operators will speak only with the taxpayer or their legally designated representative. This is all part of the industry-wide push for higher levels of security.
Everybody loves an income tax refund. But when a check for a tax refund shows up in your mailbox unexpectedly, it could be a signal of something very wrong: a tax scam.
The Internal Revenue Service says taxpayers who have not renewed their expired Individual Taxpayer Identification Number (ITIN) will face processing delays if the number is used to file a return. In addition, the taxpayer could lose eligibility for key tax benefits until the ITIN is renewed.
If we gave out an award for the Word of the Year in 2017, it would have to be, “security.” It’s fair to say the last couple of years have been monumental in changing how Americans view the act of filing their income taxes. And it’s all been driven by security.
Tax Season 2018 has finally arrived, with the IRS opening the gates to 1040 returns. Not to throw cold water on your enthusiasm, but what it means is, those cybercriminals we’ve been warning you about over the past months will now start playing for keeps.
With the opening of the income-tax-return “gates” this week, the TY 2017 tax season is officially underway. With every opening, of course, comes a close; and this year’s deadline for tax preparers and taxpayers to file their individual returns and pay any tax due is Tuesday, April 17, 2018.
It used to be said that the only things that are inevitable in this life are death and taxes. You might want to add “hacking” to that list. According to the computer information security and cybercrime monitoring website HackRead, it’s being reported that some cybercriminals are targeting much younger victims these days for their Personally Identifiable Information (PII).
Back in the day, many independent tax preparer offices didn’t have much need for outside experts in order to carry out their work. As computers and networking came into common use, so did the need for more specialized knowledge.
While most of the big tax-code changes we’ve heard about in the tax legislation passed in December don’t take effect until TY 2018, there are still a few things preparers need to keep in mind this season.
The Internal Revenue Service has released its Notice 1036, which updates income tax withholding tables for 2018 and reflects changes made by the tax legislation passed recently.