by | Nov 24, 2020 | Tax Tips and News
The Internal Revenue Service is pairing up with a Virginia research firm in an effort to improve the agency’s procurement operations. Data and Analytic Solutions of Fairfax, Va., will team up with the IRS and a group of academic researchers with a shared goal of using...
by | Nov 23, 2020 | Tax Tips and News
The Internal Revenue Service Advisory Council, also known as IRSAC, has come out with its annual report for 2020. The 195-page report includes recommendations to the IRS on new and continuing issues in tax administration. The 34-member panel is a federal advisory...
by | Nov 20, 2020 | Tax Tips and News
IRS says National Tax Security Awareness Week tips can help you avoid identity theft. Tax professionals across the country are preparing for next filing season by training seasonal staff, reviewing software updates, and earning CPE. While those annual rituals are...
by | Nov 18, 2020 | Tax Tips and News
Fiscal Year 2020 was a very busy—and productive—year for the IRS’ Criminal Investigations unit. The just-released annual report for CI Division touts the unit’s identification of more than $10 billion in tax fraud and other financial crimes, despite the limitations of...
by | Nov 18, 2020 | Tax Tips and News
With 2020’s extended tax deadlines due to the coronavirus pandemic, it seems like we just wrapped up the previous tax season. But believe it or not, the next filing season kicks off Jan. 1, 2021. The Internal Revenue Service is encouraging taxpayers to begin...
by | Nov 16, 2020 | Tax Tips and News
After Dec. 12, business tax transcripts will soon be a little less informative—for good reason. The IRS will start masking sensitive data on the transcripts to protect businesses from identity theft beginning Dec. 13. The announcement from the IRS provides 30 days for...
