The IRS Isn’t Processing Paper Tax Returns
The Internal Revenue Service has temporarily stopped processing paper tax returns, urging taxpayers to e-file instead.…
New Taxpayer Advocate on the Job Early
Collins, recently named the new National Taxpayer Advocate, has started her new position ahead of time in order to provide the Taxpayer Advocate Service (TAS) with complete leadership during this unsettled time.…
Accounting Today Looks at the IRS COVID-19 Response
For many of us, we’re living in a time that has no comparison. We’ve seen wars, famines, economic crashes, but no pandemic—until now. Jim Buttonow of Accounting Today magazine says for the Internal Revenue Service, a bad situation may be about to get even worse.…
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IRS Explains the Coronavirus Stimulus Scam
Scammers are posing as government officials and contacting targets to request information they say is required to process coronavirus stimulus payments. Unfortunately, they are now using every tactic possible, from email and phone scams to text messages, social media, and fake websites.…
NASBA Recommends CPE Grace Period
The National Association of State Boards of Accountancy (NASBA) on Tuesday announced that it was recommending state boards of accountancy across the country extend their CPE-completion deadlines to accommodate accountants affected by COVID-19 disruptions.…
Economic Impact Payments: The Facts
Distribution of the federal government’s economic impact payments, meant to counter the economic effects of the coronavirus pandemic in the U.S., is scheduled to start in the coming weeks, according…
IRS Implements New Signature Policy due to COVID-19
COVID-19 has disrupted life for Americans across the country, and as we’ve seen in recent weeks, the tax industry is not immune to change.…
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IRS Releases “People First” Initiative
The IRS has unveiled a large series of steps providing relief on a number of fronts, ranging from easing payment guidelines to postponing compliance actions.…
Tax Industry Warns of Stimulus Payment Scams
Scammers are trying to capitalize on millions of taxpayers anticipating stimulus money by deploying phone- and email-based phishing scams.…
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IRS Temporarily Suspends Three Phone Support Lines, IVES Request Processing
Businesses across the country are grappling with the challenges of limiting social contact, and the Internal Revenue Service is no exception.…
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