The IRS has issued a warning to alert tax preparers about fraudulent emails that are being sent to target tax preparers specifically. The email asks you to update your e-Services information and the links included are to a phishing scam which will capture your...
As a Tax Professional, you will have to ask your clients a few questions when dealing with this situation. Is your client the custodial or noncustodial parent? When is the final divorce decree dated? If the divorce decree or separation agreement went into effect after...
Checking the status of any return is very easy to accomplish. Below are the steps in the program to ensure your statuses are up to date and correct. Inside the program – please go to Communications >> Get Acks & Updates or Click the “Get Acks & Updates”...
From our inside sources we are hearing that the IRS will be holding refunds with the American Opportunity Tax Credit. The word is that the IRS is going to wait till mid May so they can verify the information on the 1098-T form with with institution. This day and age...
It seems that IRS Commissioner John Koskinen is too busy steaming over the IRS budget cuts to worry about the Republicans and Democrats battling over the tax extenders. He states “Our (The IRS) job is tax administration; we’re not the tax policy people.” Koskinen adds...