by | Feb 20, 2021 | Tax Tips and News
An upcoming issue of the IRS’ Internal Revenue Bulletin (IRB) gives tax professionals updated guidance on federal interest rates in a number of areas. IRB 2021-10 will come out in March and spotlights Revenue Ruling 2021-05 and Notice 2021-16. Revenue Ruling 2021-05...
by | Feb 19, 2021 | Tax Tips and News
The Internal Revenue Service says, as required by law, it has issued all the first and second round Economic Impact Payments (EIPs) that were legally permitted. So, the IRS is now turning its full attention to the 2021 filing season. Beginning in April of 2020, the...
by | Feb 17, 2021 | Tax Tips and News
Filing season is finally here and for many tax professionals, the watchwords are speed and accuracy. The Internal Revenue Service says it can help with both. The IRS is urging tax pros—and taxpayers—to take the simple steps needed to help ensure their returns are...
by | Feb 14, 2021 | Tax Tips and News
Today marks the official start of filing season, meaning millions of taxpayers across the country are starting to gather tax-related documents ahead of a visit with their tax preparer. For their part, the Internal Revenue Service is hard at work providing helpful tips...
by | Feb 13, 2021 | Tax Tips and News
Tax professionals across the country are being warned by the Internal Revenue Service, state tax agencies and the tax industry to be on the lookout for a new scam to steal their Electronic Filing Identification Numbers (EFINs). Security Summit partners say this new...
