by AT | Jan 16, 2021 | Business Clients - Updates in Canada, Business Clients - Updates in US, Personal Clients - Updates in Canada, Personal Clients - Updates in US
As taxpayers get ready to file their 2021 taxes, they may be thinking about hiring a tax preparer. People should choose a tax preparer wisely. This is important because taxpayers are responsible for all the information on their return, no matter who prepares...
by AT | Jan 15, 2021 | Personal Clients - Updates in US
WASHINGTON – The Internal Revenue Service today expanded the Identity Protection PIN Opt-In Program to all taxpayers who can verify their identities. The Identity Protection PIN (IP PIN) is a six-digit code known only to the taxpayer and to the IRS. It helps prevent...
by AT | Jan 15, 2021 | Business Clients - Updates in US, Personal Clients - Updates in US
A federal grand jury in the District of Puerto Rico returned an indictment charging Gabriel F. Hernández, with ten counts of wire fraud. According to allegations in the indictment, Hernández, a CPA who served as the tax manager and partner-in-charge of the tax...
by AT | Jan 14, 2021 | Personal Clients - Updates in US
The Treasury Department and the IRS are issuing millions of second Economic Impact Payments by prepaid debit card to speed delivery of the payments to as many people as possible.If the Get My Payment tool on IRS.gov shows a date that a recipient’s payment was mailed,...
by AT | Jan 8, 2021 | Business Clients - Updates in US, Personal Clients - Updates in US
There can be confusion about which income groups are more likely to be audited. In the latest edition of the new IRS “A Closer Look,” Deputy Commissioner for Services and Enforcement Sunita Lough explains how audit rates increase as taxpayer income rises. Source:...
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