Featured News
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Alerting clients to tax season scams
If clients report getting suspicious calls claiming to be from the government or a financial institution, direct them to resources that can help identify the risks.
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IRS seeks new TAP volunteers
The IRS is now accepting applications to serve on its Taxpayer Advocacy Panel (TAP).
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PPP, ERC lead to sustained business for firms, survey finds
Compliance and consulting work tied to COVID-19 relief created new business opportunities for CPA firms, a recent consulting firm survey finds.
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More updates to 2021 recovery rebate credit FAQs
The IRS recently updated its FAQs for the 2021 recovery rebate credit.
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IRS offers further relief for Schedules K-2, K-3
Most passthrough entities will not have to file Schedules K-2 and K-3 for tax year 2021, according to new guidance from the IRS.
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Updated Form 14457 expands virtual currency section
The IRS has revised its Form 14457, Voluntary Disclosure Practice Preclearance Request and Application, to include an expanded section on reporting virtual currency.
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U.S. Finance Committee to discuss IRS service challenges
The U.S. Senate Committee on Finance will discuss IRS customer service challenges at 9 a.m. CST on Thursday, Feb. 17.
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Firms consider keeping certain pandemic-led changes
Accounting firms are assessing pandemic-led shifts in the workplace moving forward, according to a new survey.
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IRS launches new resource page for taxpayers
The IRS recently launched a new resource page to help taxpayers and tax professionals during the 2022 filing season.
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Avoiding busy season burnout
For accountants during the busy season, the fight against burnout starts with effective ways to manage stress.