Industry News: Have you heard about the ‘2021 Black CPA Centennial’ campaign?

Have you heard about the ‘2021 Black CPA Centennial’ campaign? As February marks the beginning of Black History Month, organizations across the accounting profession have marked the occasion by commemorating the 100th anniversary of John Cromwell Jr. becoming the first registered Black CPA with a new yearlong diversity program. On Monday, a number of prominent … Read more

Industry News: Beware of identity theft scam involving unemployment benefits

Beware of identity theft scam involving unemployment benefits The IRS is warning taxpayers of an identity theft scam involving fraudulent claims for state unemployment benefits. Identity thieves are reportedly using stolen personal information to file for and receive unemployment benefits. This scam has proliferated during the COVID-19 pandemic as unemployment claims in general have skyrocketed. … Read more

Industry News: How to Get an EFIN

How to Get an EFIN https://www.youtube.com/watch?v=nIPwmFWrgn0 What is an Authorized IRS e-file Provider A Provider is a business or organization authorized by the IRS to participate in IRS e-file. It may be a sole proprietorship, partnership, corporation or other entity. The firm submits an e-file application, meets the eligibility criteria and must pass a suitability … Read more

Industry News: Do you know why the IRS created the position of Chief Taxpayer Experience Officer?

IRS Creates New Position: Chief Taxpayer Experience Officer The position will work with business units and offices across the IRS, including Chief Counsel, the Independent Office of Appeals and the National Taxpayer Advocate. The role is envisioned as working in coordination with the National Taxpayer Advocate… The Internal Revenue Service has created a new Chief … Read more

Industry News: COVID Tax Credit Extended for Employers Who Keep Workers on Payroll

COVID Tax Credit Extended for Employers Who Keep Workers on Payroll The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted Dec. 27, 2020, made a number of changes to the employee retention tax credits previously made available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The Internal Revenue Service is … Read more

Industry News: IRS Offers New Contact-Free Signature Options for Tax Pros and Clients

IRS Offers New Contact-Free Signature Options for Tax Pros and Clients Tax professionals can find the new “Submit Forms 2848 and 8821 Online” on the IRS.gov/taxpro page. Tax professionals must have a Secure Access account, including a current username and password, or create an account in advance of submitting an online … The Internal Revenue … Read more