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IRS ISSUES UPDATED RMD RULES:
Under the SECURE Act, the distribution rules for non-spousal beneficiaries from a qualified plan or IRA were changed (except for certain designated beneficiaries) to allow for a 10-year period to d

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ICYMI: NEW DATA SECURITYPLAN RELEASED BY IRS – WISP:
A special new sample security plan designed to help tax professionals, especially those with smaller practices, protect their data and information, has been developed by the Security Summit.

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IRS REPORTS SIGNIFICANT INCREASE IN TEXTING SCAMS; WARNS TAXPAYERS TO REMAIN VIGILANT:
Taxpayers were notified of a recent increase in IRS-themed texting scams aimed at stealing personal and financial information.

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HURRICANE IAN VICTIMS IN FLORIDA QUALIFY FOR TAX RELIEF; OCTOBER 17 DEADLINE, OTHER DATES EXTENDED TO FEBUARY 15:
Note from the Editor: as some of you know I reside in the Tampa Bay area in Florida.

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USING VOICE AND CHAT BOTS TO IMPROVE THE COLLECTION TAXPAYER EXPERIENCE:
By Darren Guillot, IRS Small Business/Self-Employed Deputy Commissioner CL-22-14, September 29, 2022

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WORK OPPORTUNITY CREDIT UPDATE:
The IRS has updated information on the Work Opportunity Tax Credit (WOTC), available to emplo

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IRS OFFICIALS TURN ATTENTION AND INCREASED RESOURCES TO IRA 2022:
The IRS and Treasury will be publishing notices soon for tax provisions enacted in the Inflation Reduction Act (IRA, P.L.

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KNOW THE TYPES OF AUTHORIZATIONS FOR THIRD-PARTY REPRESENTATION:
When working with the IRS, taxpayers have a right to represent themselves. They can also choose a third-party agent to represent them, like a tax professional or family member.

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ICYMI: IMPROPERLY FORGIVEN PAYCHECK PROTECTION PROGRAM LOANS ARE TAXABLE:
The Internal Revenue Service recently issued guidance addressing improper forgiveness of a Paycheck Protection Program loan (PPP loan).

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