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REQUESTING IRC 6103 INFORMATION FROM THE OPR:
The Office of Professional Responsibility (OPR) is responsible for all matters relating to the regulation of individuals’ practice before the IRS under 31 CFR Subtitle A, Part 10 (Circular 230, Reg

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IRS UPDATES TAX GAP PROJECTIONS FOR 2020, 2021:
The Internal Revenue Service has released new tax gap projections for tax years 2020 and 2021 showing the projected gross tax gap increased to $688 billion in tax year 2021, a sig

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TAXPAYERS IMPACTED BY THE TERRORIST ATTACKS IN ISRAEL QUALIFY FOR TAX RELIEF; OCTOBER 16 FILING DEADLINE, OTHER DATES POSTPONED TO OCTOBER 7, 2024
The Internal Revenue Service has announced tax relief for individuals and businesses affected by the terrorist attacks in the State of Israel.

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ICYMI: EFTPS WILL REQUIRE MULTI-FACTOR AUTHENTICATION
Effective October 19th, multi-factor authentication will be required when accessing EFTPS.

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THE 2023 ACCOUNTANTS MALPRACTICE LIABILITY INSURANCE BUYER'S GUIDE:
As part of our Practice Management education sessions, we regularly recommend that all members carry appropriate insurance to protect their business and personal assets.

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ELECTIVE PAYMENTS OF CERTAIN CREDITS UNDER THE INFLATION REDUCTION ACT:
Tax-exempt and governmental entities, including those that were generally unable to use tax credits previously, can now benefit from

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MISSION-CRITICAL FUNCTIONS UPDATE BY THE IRS:
Filed a Tax Return in 2022 (updated October 3, 2023)

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IRS RELEASES INFORMATION REGARDING CLEAN VEHICLE CREDITS:
The IRS has released proposed regulations and other guidance on the clean vehicle tax credit enacted as part of the Inflation Reduction Act that will allow consumers to claim the rebate at the time

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FARMERS & RANCHERS IN 49 STATES GET DROUGHT TAX RELIEF:
The lack of rain nationwide has led to stunted crops and, in dire cases, forced farmers to abandon fields.

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