The Internal Revenue Service is reminding tax professionals that they don't have much longer to attend the IRS Nationwide Tax Forum event held in Atlanta, GA on July 10-12.
It's June, and that means tax professionals across the country are gearing up for the Annual Filing Season Program (AFSP). That's why we decided...
The IRS yesterday announced that they have begun sending tax bills to those who filed returns but didn’t pay their entire balance. In June or July, taxpayers who still have a balance with the IRS will receive a letter—possibly a CP14 or CP501 Notice—informing them about the remaining amount.
Some North Carolina taxpayers will receive tax relief now that the president and FEMA have declared tornado-and-severe-storm-stricken counties federal disaster areas.
As part of the Small Business Week program, the IRS last week addressed ways businesses could protect against a recurring identity-theft scheme: using stolen EINs to file business, partnership, and estate and trust tax returns.
We're a few weeks removed from tax season, so we wanted to hear what tax professionals thought about the latest iteration of the January-to-April annual grind. Joining us on the podcast are two EAs: the owner of AVL Tax Professionals in Asheville, NC, Jim Lowe, and the owner of Tropical Tax Solutions in the Florida Keys, Jerry Gaddis.
Fake charities aren’t a new development—they were once again featured in the IRS “Dirty Dozen”—but they remain an effective way for criminals to get their hands on taxpayer money.
It will come as no surprise to tax professionals that there were problems submitting returns to the IRS on Tax Day. Early yesterday morning, IRS systems experienced an issue that prevented the agency from accepting e-filed returns or tax payments—Direct Pay was also down for most of Tuesday.
We've all been there: one of your Facebook friends sends a bizarre message containing a suspicious link, and the next day, you get a phone call about their account being hacked. Maybe you've even been the victim of an account takeover and want to know how to avoid another incident.
The House Ways and Means Committee on Monday issued a press release announcing a discussion draft for the Taxpayer First Act, a bipartisan effort aiming to “redesign the Internal Revenue Service (IRS) for the first time since 1998.” The reform legislation comes after three years of public hearings and round-table discussions and “incorporates provisions from at least 18 different bills.”