Use IP PINs for Extra Security
It’s never too early to start planning for the next tax season. For millions of tax pros, that means figuring how to make their operations more secure.…
ETAAC Recommends IRS Funding, MeF Enhancements
One of the Internal Revenue Service’s main advisory committees is asking Congress to give the agency the funding it needs to function well. The recommendations, split into two categories, come from the Electronic Tax Administration Advisory Committee, or ETAAC, in its annual report to Congress.…
Read more about ETAAC Recommends IRS Funding, MeF Enhancements
Time Short to Register for Nationwide Tax Forum
Every year, the Internal Revenue Service hosts the Nationwide Tax Forum, providing tax professionals the opportunity to learn more about topics like tax law and cybersecurity. Unfortunately, the registration window for this year's event is about to close.…
Read more about Time Short to Register for Nationwide Tax Forum
IRS Delays, Backlog Concerning to National Taxpayer Advocate
National Taxpayer Advocate Erin Collins says the Internal Revenue Service is concerned about the 21.3 million paper-return backlog. In her midyear report to Congress, Collins notes that low-income families could face financial burdens as affected refunds are frequently delayed by 10 months.…
Read more about IRS Delays, Backlog Concerning to National Taxpayer Advocate
IRS Voice Bots Get New Options
The Internal Revenue Service started using voice bots on many of its toll-free telephone lines around the first of the year. The system has already helped more than 3 million taxpayers avoid wait times for simple questions about payments or notices, and the agency is adding more options.…
Separation and Divorce Tax Issues to Consider
Singer Neil Sadaka was right: breaking up is hard to do. For clients in the process of ending their marriage, there is more to consider than a simple separation of assets. Whether legally separating or divorcing, they could be facing big changes in their individual tax situations—and the Internal Revenue Service recently highlighted information that could help.…
Read more about Separation and Divorce Tax Issues to Consider
2022 Mileage Rates Increasing
Due to rising gasoline prices, the Internal Revenue Service has taken the rare step of increasing its optional standard mileage rates for the last six months of the 2022 tax year. These rates are significant since taxpayers use them to calculate the deductible costs of operating a vehicle for business purposes.…
Prior-Year Info Added to Where's My Refund
The Internal Revenue Service continues to add functionality to its online tools, now putting more muscle behind its Where’s My Refund? feature. Used more than 776 million times in 2021, it is one of the agency's most popular online offerings—and it can reduce client questions about refund status.…
IRS Shares Info for Tax-Exempt Applications
Organizations seeking tax-exempt status with the Internal Revenue Service should know that there is more to the process than merely signing on the dotted line. The process for being declared tax-exempt under Section 501(c)(3) of the Internal Revenue Code can vary based on the applicant organization's specific situation.…
IRS Updates FAQs for 2021 CTC and ACTC
The Internal Revenue Service has once again revised the frequently asked questions (FAQs) for the 2021 Child Tax Credit (CTC) and Advance Child Tax Credit (ACTC). These revisions take into account several changes, including the end of filing season for the 2021 tax year.…
