TAXPAYERS CAN SIGN UP TO RECEIVE IRS EMAIL SUBSCRIPTION SERVICES:

NSTPInternal Revenue Service (IRS), Tax Professionals, Uncategorized

The IRS issues tax information by email for many different audiences. Here are some of the electronic subscriptions people can request by visiting the e-News Subscriptions page on IRS.gov: Guidewire: People who sign up for Guidewire receive email notifications when the IRS issues advance copies of tax guidance, such as regulations, revenue rulings, revenue procedures, announcements, and notices. e-News for Tax Professionals: Provides the latest national news for the tax professional community, as well as links to resources on IRS.gov and local news and events by state. Outreach Corner:  Provides organizations such as businesses and non-profits articles content that they can use in their own communication products and newsletters. Tax Statistics: Supplies information about the most recent tax statistics. Quick Alerts: Provides tax professionals and tax software providers with the latest information about e-file issues and events. IRS Newswire: Provides news releases issued by IRS National Media Relations Office in Washington, DC. Here are some other electronic subscriptions the IRS offers: Alerts from Office of Professional Responsibility e-News for IRS Continuing Education Providers Modernized e-File News for Partnerships e-News for Payroll Professionals e-News for Small Business e-File News for Large Businesses Foreign Accountant Tax Compliance Act News & Information Employee Plans Indian … Read More

IF / THEN SCENARIOS FOR TAXPAYERS WHO GET PHISHED:

Stephanie SimonUncategorized

The IRS reminds taxpayers that the agency does not initiate contact with taxpayers by email or text messages to request personal or financial information. This includes requests for PIN numbers, passwords or similar information for credit cards, banks and other financial accounts. This is important for everyone to remember because thieves often pose as the IRS to get taxpayers to turn over personal information in a scam called phishing. Phishing is typically carried out through unsolicited emails or websites. Here’s what a taxpayer should do if they see a suspicious communication from the IRS: Email If Someone receives an email claiming to be from the IRS that contains a request for personal information… Then the recipient should: Not reply. Not open any attachments. They can contain malicious code that may infect a computer or mobile phone. Not click on any links. Forward the email as-is to the IRS at phishing@irs.gov. Delete the original email. Website If someone discovers a website that claims to be the IRS but the user suspects it is bogus… Then they should: Send an email with the URL of the suspicious site to phishing@irs.gov. Include a subject line of “suspicious website.” Text Message If someone receives an unsolicited text … Read More

JUNE 29 DEADLINE NEARS FOR PUERTO RICO HURRICANE VICTIMS:

NSTPDeadline, Uncategorized

Residents of Puerto Rico, the U.S. Virgin Islands and American Samoa affected by last year’s hurricanes and tropical storms who are required to file a 2017 federal income tax return or pay their 2017 tax, must do so by June 29. This special extended deadline is available regardless of whether a taxpayer’s residence changed during 2017. No interest, late-filing penalty or late-payment penalty will be due. Further, bona fide residents of Puerto Rico, the U.S. Virgin Islands and American Samoa, who permanently relocated to the U.S. mainland due to last year’s hurricanes and tropical storms may need to file Form 8898, Statement for Individuals Who Begin or End Bona Fide Residence in a U.S. Possession, with the Internal Revenue Service along with their Form 1040 or Form 1040NR. Due to the disaster-related extensions granted by the IRS to residents of these three U.S. territories, Form 8898 will generally be due by Friday, June 29, 2018. In addition, anyone who files for an income-tax-filing extension will also have until October 15, 2018, to file Form 8898. This requirement to file Form 8898 applies to anyone who had total gross income exceeding $75,000 for the year, ceased to be, or became, a … Read More

FREQUENT EITC-ABUSING PREPARERS PERMANENTLY ENJOINED FROM PREPARING RETURNS:

NSTPEarned Income Tax Credit, Individual Taxpayers, Internal Revenue Service (IRS), Penalties, Tax Professionals, Tax Professionals, Taxpayer, Uncategorized

A district court has permanently enjoined a pair of return preparers, who prepared thousands of federal income tax returns that falsified business income in order to boost the Earned Income Tax Credits (EITCs; also known as Earned Income Credits or EICs) that their clients could claim, from preparing tax returns for others.