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NEW IRS CRIMINAL INVESTIGATION (CI) EDUCTION SERIES ON THE ERC:
The Internal Revenue Service renewed calls for businesses to review their eligibility for the Employee Retention Credit as the agency’s law enforcement arm, Criminal Investigation (CI), begins a se

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OBTAINING A TRANSMITTER CONTROL CODE (TCC):
While this advice from the IRS is a little late in coming for this tax season, for those who plan to continue providing services for their clients in using the Information Returns Intake System (IR

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ICYMI: ENROLLED AGENTS RENEWAL DUE BY JANUARY 31
If you are an enrolled agent with a Social Security number ending in 7, 8, 9 or those with no SSN, renew your status by January 31 to ensure you receive your new enrollment card before your current

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MEDICARE DRUG COSTS CAPPED IN 2024 AND BEYOND:
Changes brought about by the 2022 Inflation Reduction Act mean that people on Medicare Part D plans now pay no more than roughly $3,300 on drugs annually—a number that could shift a bit based on wh

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TAX RELIEF FOR AMERICAN FAMILIES AND WORKERS ACT OF 2024:
Note from Editor: It is not our policy to introduce proposed legislation, however, this bill has some retroactive provisions that may impact the preparation of 2023 federal income tax returns.

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THE IRS NEVER GOES PHISHING:
Phishing is the practice of sending fraudulent communications disguised to appear to be from a reputable source.

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NATIONAL TAXPAYER ADVOCATE DELIVERS ANNUAL REPORT TO CONGRESS; FOCUSES ON TAXPAYER IMPACT OF PAPER PROCESSING DELAYS:
National Taxpayer Advocate Erin M. Collins has released her 2023 Annual Report to Congress, describing 2023 as a year of “extraordinary transition for the IRS and therefore for taxpayers.”

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