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Callers to IRS Must Verify ID

Callers to IRS Must Verify ID

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.
Did You Get a Refund You Didn’t Expect?

Did You Get a Refund You Didn’t Expect?

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.
Budget Bill Passed, Renews Tax Extenders

Budget Bill Passed, Renews Tax Extenders

After a brief shutdown overnight, the House voted to reopen the government by passing a $400 billion budget that increases spending caps, raises the debt ceiling, and provides disaster relief for Texas, Florida, and Puerto Rico. President Trump signed it into law this morning.
Is Bitcoin a Viable Currency

Is Bitcoin a Viable Currency?

Cryptocurrencies have made some early adopters a lot of money, which—for conscientious taxpayers and tax professionals alike—begs the question: how does IRS handle Bitcoin and other virtual currency?
IRS Urges Taxpayers to Renew ITINs

IRS Urges Taxpayers to Renew ITINs

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.
Security Means Slower State Refunds

Security Means Slower State Refunds

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.
Security Prepare for the Worst Hope for the Best

Security: Prepare for the Worst, Hope for the Best

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.
IRS Sees Busy Tax Season Ahead

IRS Sees Busy Tax Season Ahead

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.
Fertile New Ground for Hackers

Fertile New Ground for Hackers

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).
President Expected to Nominate Charles Rettig IRS Commissioner

President Expected to Nominate Rettig as New IRS Commissioner

According to a recent Politico report, President Trump intends to nominate Charles Rettig as the next IRS Commissioner.

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Tax Year 2017 Desk Reference Guide

Tax Year 2017 Desk Reference Guide
When you’re in the midst of a busy tax season, it helps to have important information consolidated, organized, and easily within reach.

2017 “How Do Your Tax Prep Fees Stack Up?” Results

2017 How Do Your Tax Prep Fees Stack Up?
Drake Software surveyed more than 2,800 tax professionals in October, looking at tax prep fees by professional certification, like CPAs, EAs, and attorneys; the estimated number of returns for the upcoming filing season; and more.  

Budget Bill Passed, Renews Tax Extenders

Budget Bill Passed, Renews Tax Extenders
After a brief shutdown overnight, the House voted to reopen the government by passing a $400 billion budget that increases spending caps, raises the debt ceiling, and provides disaster relief for Texas, Florida, and Puerto Rico. President Trump signed it into law this morning.
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