Tax Blog

The third installment of the Security Summit’s 2021 “Protect Yourself; Protect Your Client” campaign highlights recent scams targeting unemployment compensation. As part of a five-week focus on identity theft prevention, the Summit is once again asking tax professionals to help spread the word to clients.… Read more about Security Summit Warns of Scams Targeting Unemployment Compensation (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Long-haul truckers now have an extra chore on their August to-do list, right up there with an oil change and a truck wash. It’s time to file Form 2290, Heavy Highway Vehicle Use Tax Return for Tax Year 2021.… Read more about Truckers Reminded Highway Use Tax Due Aug. 31 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Some IRS forms are considered “file and forget” documents, meaning once filed they normally don’t require any additional attention. The Internal Revenue Service, though, is reminding that the application for an Employer Identification Number (EIN) isn’t one of them.… Read more about IRS: Update EIN Responsible Party Information (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service has updated its guidance on expanded paid sick and family leave tax credits available to employers who provide the leave to their workers.… Read more about COVID Paid Leave Credit Clarified for Employers (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Tax professionals are a frequent target for identity thieves and cybercriminals, who are interested in accessing client tax records and, in some cases, the software used to file tax returns. The second week of the Security Summit’s “Protect Your Clients; Protect Yourself” campaign focuses on helping taxpayers protect their return by highlighting the benefits of an IP PIN.… Read more about Security Summit Recommends IP PINs for Taxpayers (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service says it’s not done issuing refunds for tax paid on COVID unemployment benefits. Another 1.5 million taxpayers are now slated to get refunds averaging over $1,600 as part of the IRS adjustment process in the wake of recent legislation.… Read more about More Unemployment Tax Refunds Coming, IRS Says (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…