As you know, tax preparation these days is all about the data. There’s your data – e-Services logins, tax software and business data; and there’s client data – the bits and pieces we put together to make a successful income tax return.…
Taxpayers who have a state income tax refund coming will have to be more patient than in previous years. A number of states have put delays into their refund processes to give them more time to validate return information.…
Filing season starts in three days, and that means tax professionals around the country are collectively taking a deep breath before the plunge. While the future of the Affordable Care Act (ACA) remains uncertain, it – as of today – still affects tax preparation. So we’ve put together a few last-minute ACA updates to give you a head start.…
Over the past months, we’ve shared a lot of information with you about how best to defend your office from a data breach or some other security incident. But what happens if the unthinkable happens. You know – someone gains access to your personal, professional or client data; someone who stole it. Then what?…
Every year, the National Taxpayer Advocate, Nina Olson, submits a report to Congress on how she rates the performance of the Internal Revenue Service from a taxpayer’s perspective. Federal law…
Read more about National Taxpayer Advocate Report Good News, Bad News for IRS
National Taxpayer Advocate Nina Olson says it’s time to make the American income tax code a simpler kind of beast. Olson, in her 2016 annual report to Congress, outlined a number of recommendations aimed at the income tax system in general and the IRS specifically.…
Read more about Taxpayer Advocate Calls for Simpler Tax Code
Nina E. Olson, the National Taxpayer Advocate, released her 2016 annual report to Congress this week. In it, Olson urges lawmakers to simplify the tax code and callas on IRS to adopt a “taxpayer-centric focus” in its “Future State” plan.…
Being professionals, we all know how to give our clients the most accurate, best-case-scenario income tax return. But what happens after we send that return? Do you find yourself fielding call after…
With Christmas is in the rear view mirror, the bowl games all played out and December bank statements arriving in the mail, tax season 2017 has officially arrived. Here are 10 things to know before filing that first return.…
The Internal Revenue Service today announced a new email scam from cybercriminals that targets tax professionals. Using a two-stage process, this latest phishing scheme attempts to collect private data from tax preparers.…
