Truckers Face August 31 Deadline

Bob Williams - August 23, 2021

Long-haul truckers and others who own heavy highway motor vehicles are running out of time to file their federal highway use tax return by August 31.…

Security Summit Highlights ID Theft

Bob Williams - August 18, 2021

The tax industry partners who make up the Security Summit are urging practitioners to take a page out of the medical books in order to keep their computer systems healthy: to cure an infection, you first have to know your patient is sick.…

New Notice Includes Work Opportunity Tax Credit Relief

Bob Williams - August 13, 2021

New guidance from the Internal Revenue Service seeks to clear the air on the Work Opportunity Tax Credit (WOTC) for employers and gives relief to them as well.…

Security Summit Shines Light on Phishing Scams

Ryan Norton - August 12, 2021

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.…

Security Summit Warns of Scams Targeting Unemployment Compensation

Ryan Norton - August 10, 2021

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.…

COVID Paid Leave Credit Clarified for Employers

Bob Williams - August 03, 2021

The Internal Revenue Service has updated its guidance on expanded paid sick and family leave tax credits available to employers who provide the leave to their workers.…

Security Summit Recommends IP PINs for Taxpayers

Ryan Norton - July 30, 2021

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.…

More Unemployment Tax Refunds Coming, IRS Says

Bob Williams - July 29, 2021

The Internal Revenue Service says it’s not done issuing refunds for tax paid on COVID unemployment benefits. Another 1.5 million taxpayers are now slated to get refunds averaging over $1,600 as part of the IRS adjustment process in the wake of recent legislation.…