New Guidance for the Employee Retention Credit
New guidance is available for employers on the retroactive termination of the Employee Retention Credit.…
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Security Tips for Small Businesses
We’re not trying to be alarming, but if you’ve got a small business, there’s someone looking over your shoulder—and we’re not talking about the government.…
It’s Time for a Security Checkup
The Security Summit focused on safe surfing habits, fake charities, and IP PINs for the first three days of National Tax Security Awareness Week. On the fourth day of their annual data security outreach campaign, the Summit is reminding tax professionals to perform a security checkup.…
IP PINs Make Tax Returns More Secure
An IP PIN is a six-digit number known only to the taxpayer and the IRS, assigned to eligible taxpayers to help stop the misuse of their Social Security number or Individual Taxpayer Identification Number (ITIN). Identity thieves file fake income tax returns using these numbers to claim fraudulent refunds.…
Don't Fall for Fake Charities
With the passage of Thanksgiving, Americans are shifting into gifting mode. For many, that means giving a holiday monetary gift to a well-deserving charity of one sort or another.…
Stay Safe on Cyber Monday
Cyber Monday traditionally closes out the busiest holiday shopping weekend of the year, which sees Americans swarming stores and crawling websites for post-Thanksgiving sales. Despite predictions of fewer in-person shoppers and eye-popping deals, there’s no doubt that consumers want to get the best bang for their buck.…
IRS Notices CP08 and CP09
Now that the IRS is putting the wraps on the last installment of the Advance Child Tax Credit payments for 2021, some taxpayers who didn’t apply for other credits might get a reminder to do a little extra checking.…
IRS Issues ACTC Deadline Reminder
The Internal Revenue Service is making a pitch about the Advance Child Tax Credit payments that smacks of the spiel for sale pricing from used car dealers: “When it’s gone, it’s gone!”…
Tax Relief Expanded in Mississippi
In October, we told readers about IRS relief measures that applied to some 19 Mississippi counties impacted by Hurricane Ida. That relief has now been expanded to add 63 other counties, covering the…
IRS Announces Increased Transcript Limit for Tax Pros
The Internal Revenue Service says tax professionals spoke—and the agency listened. After getting comments from tax pros, the IRS has now increased the number of transcripts a professional preparer can get on any one client.…
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