Showing Results for Taxes/Regulatory

December 8, 2016

IRS Mailing PTIN Compliance Letters

The IRS is in the process of sending letters to tax return preparers who do not have an active PTIN, but prepared returns in 2016. There are three different letters depending on the situation. * Letter 4966 – Expired PTIN * Letter 4732...
December 6, 2016

IRS Advises e-Services Product Users to Validate Identities

Over the next five weeks, the IRS will send letters to certain e-Services product users who must either go online or call the e-Services e-Help Desk to validate their identities. These letters will go to those users who can access the Transcript...
November 21, 2016

Registration Now Open for 2017 Advance Monthly Payments of the Health Coverage Tax Credit

Chris Jenkins, CAE, CISSP Taxes/Regulatory
The Internal Revenue Service has opened the new registration and enrollment process for qualified taxpayers to receive the benefit of the Health Coverage Tax Credit (HCTC) on an advance monthly basis during 2017. Eligible taxpayers can have 72.5...
November 16, 2016

IRS Releases New I-9 Form

Chris Jenkins, CAE, CISSP Taxes/Regulatory
U.S. Citizenship and Immigration Services (USCIS) released a new revised version of Form I-9 on Nov. 14, 2016. The previous editions of the Form (with “03/08/13” in the lower left corner) will remain valid until Jan. 21, 2017. After this...
November 14, 2016

TIGTA: IRS eAuthentication Process Doesn’t Do Enough to Deter Criminals

Lisa McGee Taxes/Regulatory
The IRS needs to step up security over its eAuthentication process to avoid breaches, such as the attack on the agency’s “Get Transcript” app last year when cyber criminals gained access to more than 700,000 taxpayer accounts,...
September 11, 2016

IRS Warns of New Attacks Focused on Tax Professionals

The IRS is warning tax professionals of a new wave of attacks that allow identity thieves to file fraudulent tax returns by remotely taking over practitioners’ computers. As part of the Security Summit effort, the IRS urged tax professionals...