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CTA REPORTING HAS ATTRACTED THE SCAMMERS!
FinCEN has issued a warning since it has learned of fraudulent attempts to solicit information from individuals and entities who may be subject

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CHANGES IN SOCIAL SECURITY OVERPAYMENT POLICY:
The Social Security Administration (SSA) announced a new measure on Friday, slashing the amount that social security beneficiaries must pay to the agency from their monthly benefits to repay overpa

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IRS CRIMINAL INVESTIGATION RELEASES UPDATED COVID FRAUD STATISTICS ON 4TH ANNIVERSARY OF CARES ACT; NEARLY $9 BILLION INVESTIGATED:
Four years after the enactment of a key pandemic-era law, the Internal Revenue Service released updated numbers showing Criminal Investigation (CI) has investigated 1,644 tax and money laundering c

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ERROR IDENTIFIED IN FORM 1065, SCHEDULE K-1 PROGRAMMING:
The IRS has notified tax professionals of a programming error impacting e-filers of Form 1065, Schedule K-1, Line 20 for 2023. The error blocked e-filed partnership returns from using Code ZZ.

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REPORT FROM THE TREASURY INSPECTOR GENERAL FOR TAX ADMINISTRATION:
In December 2020, the IRS had around 16.5 million tax returns either being prepared for processing or on hold during processing because of the effects of the pandemic.

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IRS ANNOUNCEMENT: EMPLOYEE RETENTION CREDIT COMPLIANCE EFFORTS
The Internal Revenue Service has announced that compliance efforts around erroneous Employee Retention Credit (ERC) claims have topped more than $1 billion so far since last fall as work continues

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TIGTA – YOU HAVE A RIGHT TO KNOW:
Each year in mid-March, government agencies and the public celebrate Sunshine Week, a national initiative to promote open government and freedom of information.

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TAXPAYER ADVOCACY PANEL (TAP):
Joining the Taxpayer Advocacy Panel (TAP) offers a unique opportunity to participate in the improvement of both the American tax administration system and the Internal Revenue Service.

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