October is just a month away, so it’s time once again for an important announcement by the Internal Revenue Service: The federal fourth quarter interest rates. Despite the seasons changing, it looks…

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Impersonating the Internal Revenue Service is big business for identity thieves. These phishing scams often combine fear of the agency with urgency (and threats), and those who fall for them can soon find their information or money stolen. That’s why the IRS this week highlighted how they communicate with taxpayers.…

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Every two years, Drake Software surveys tax professionals about their tax preparation fees. Respondents are asked to answer questions addressing a wide range of topics, like how they charge for tax preparation, whether they increased their fees from the prior year, how they accept payment, and—of course—the average fees they charge for specific tax forms.…

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The Security Summit is this week broadening the scope of its 2021 “Protect Your Clients; Protect Yourself” campaign to include the different types of phishing scams that taxpayers may see in the coming months. This immediately follows the Summit highlighting recent unemployment compensation scams.…

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The third installment of the Security Summit’s 2021 “Protect Yourself; Protect Your Client” campaign highlights recent scams targeting unemployment compensation. As part of a five-week focus on identity theft prevention, the Summit is once again asking tax professionals to help spread the word to clients.…

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Tax professionals are a frequent target for identity thieves and cybercriminals, who are interested in accessing client tax records and, in some cases, the software used to file tax returns. The second week of the Security Summit’s “Protect Your Clients; Protect Yourself” campaign focuses on helping taxpayers protect their return by highlighting the benefits of an IP PIN.…

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The Security Summit opened the 2021 “Protect Your Clients; Protect Yourself” campaign by highlighting the benefits of multi-factor authentication. Since its creation in 2015, the Summit—a group consisting of the Internal Revenue Service, state departments of revenue, and private members of the tax industry—has worked to combat the threat of tax-related identity theft scams.…

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The IRS is reporting a rise in successful scams targeting tax professionals. This news comes on the heels of a second filing season defined by the pandemic: Preparers and taxpayers again relied on digital communication and file exchange, and legislators passed legislation providing advance payments to qualifying Americans.…

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Every year, the Electronic Tax Administration Advisory Committee (ETAAC) sends a report to Congress that includes recommendations for improving tax administration.…

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Drake Software surveyed more than 3,800 tax professionals from across the country to learn how they chose to offer contactless tax preparation services—and whether they would continue to do so post-pandemic.…

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