Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS. Explore your rights and our obligations to protect them.

This FAQ is not included in the Internal Revenue Bulletin, and therefore may not be relied upon as legal authority. This means that the information cannot be used to support a legal argument in a court case.

72. How does an Eligible Employer claim the Employee Retention Credit for qualified wages?

Have you heard about the ‘2021 Black CPA Centennial’ campaign?  

As February marks the beginning of Black History Month, organizations across the accounting profession have marked the occasion by commemorating the 100th anniversary of John Cromwell Jr. becoming the first registered Black CPA with a new yearlong diversity program.

Season of uncertainty: Aiming for April 15

The month ahead will be a critical time for tax preparers as they face issues on many different fronts. Old legislation, new legislation, stimulus payments and Paycheck Protection Program questions will complicate matters for preparers and taxpayers alike, according to observers — to say nothing of the delayed start to tax season.

The filing season itself will be “one for the ages,” said Mark Steber, senior vice president and chief tax officer at Jackson Hewitt.

Ready for the 2021 Tax Season? Here’s How the Coronavirus Pandemic Affected Your Business Clients

As some of your business clients prepare to reopen their doors while ensuring the safety of their employees and customers, it’s your job to nudge them to start gathering their tax documents and financials for the April deadline.

Beware of identity theft scam involving unemployment benefits

The IRS is warning taxpayers of an identity theft scam involving fraudulent claims for state unemployment benefits. Identity thieves are reportedly using stolen personal information to file for and receive unemployment benefits. This scam has proliferated during the COVID-19 pandemic as unemployment claims in general have skyrocketed.

How to Get an EFIN

https://www.youtube.com/watch?v=nIPwmFWrgn0  

What is an Authorized IRS e-file Provider

IRS Creates New Position: Chief Taxpayer Experience Officer

The position will work with business units and offices across the IRS, including Chief Counsel, the Independent Office of Appeals and the National Taxpayer Advocate. The role is envisioned as working in coordination with the National Taxpayer Advocate...

COVID Tax Credit Extended for Employers Who Keep Workers on Payroll

The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted Dec. 27, 2020, made a number of changes to the employee retention tax credits previously made available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

The Internal Revenue Service is urging employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll.

IRS Offers New Contact-Free Signature Options for Tax Pros and Clients

Tax professionals can find the new “Submit Forms 2848 and 8821 Online” on the IRS.gov/taxpro page. Tax professionals must have a Secure Access account, including a current username and password, or create an account in advance of submitting an online ...

The Internal Revenue Service has rolled out a new online option that will help tax professionals remotely obtain signatures from individual and business clients and submit authorization forms electronically.

7 Tips to Keep Client Data Safe During this Work-from-Home Tax Season

To keep client data safe when working from home this tax season, it is important to understand potential risks when sharing information electronically, and how to manage these risks effectively. Consider the following.

6 tips for CPAs on newest round of PPP funding

Business leaders and the CPAs who serve them will need to use a variety of strategies all at once as they pursue economic support in the newest round of Paycheck Protection Program (PPP) funding.

6 tips for CPAs on newest round of PPP funding

Business leaders and the CPAs who serve them will need to use a variety of strategies all at once as they pursue economic support in the newest round of Paycheck Protection Program (PPP) funding.

7 Reasons Accounting Firms Should Embrace Cannabis Clients in a Post-COVID World

It's time for accounting professionals to embrace the cannabis industry. As accountants, we have the opportunity to be at the forefront of this exciting industry growth and have the ability to lend a sense of legitimacy to our clients' businesses.

 

A Guide to Building a Culture of Accountability at Your Firm

Compared to other workplaces in different industries, the typical accounting firm deals with a greater need for a direct and clear management style.

Compared to other workplaces in different industries, the typical accounting firm deals with a greater need for a direct and clear management style.