e-News for Tax Professionals Issue 2017-25 1. Security Summit Warns of New Phishing Email Targeting Tax Pros The IRS, state tax agencies and the tax industry today warned tax professionals to beware of phishing emails purporting to be from a tax software education provider and seeking extensive amounts of sensitive preparer data. The email’s origin is… Read More »
Security Summit Warns of New Phishing Email Targeting Tax Pros IR-2017-111, June 23, 2017 WASHINGTON – The IRS, state tax agencies and the tax industry today warned tax professionals to beware of phishing emails purporting to be from a tax software education provider and seeking extensive amounts of sensitive preparer data. The email’s origin is… Read More »
IRS Video Tax Tip: How to Use Get Transcript Online Here is a video tax tip from the IRS: How to Use Get Transcript Online English | Spanish | ASL
1. New Phone Scam Involves Bogus Certified Letters Beware of a new scam linked to the Electronic Federal Tax Payment System (EFTPS), in which fraudsters call to demand an immediate tax payment through a prepaid debit card. This scam is being reported across the country. 2. Orlando IRS Tax Forum Registration Deadline Is June 27 Tax professionals… Read More »
Revenue Ruling 2017-14 provides various prescribed rates for federal income tax purposes including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, the adjusted federal long-term tax-exempt rate. These rates are determined as prescribed by § 1274. The rates are published monthly for purposes of sections 42, 382,… Read More »
Interim Guidance Issued on the Direct Pay of Tribal Lease Funds (Including HEARTH Act Leases) On June 8, 2017, the IRS office of Indian Tribal Governments issued Interim Guidance on the Direct Pay of Tribal Lease Funds (including HEARTH Act leases). It directs IRS employees to apply the standards outlined in Notice 2015-67 when determining… Read More »
IRS Warns of New Phone Scam Involving Bogus Certified Letters; Reminds People to Remain Vigilant Against Scams, Schemes this Summer IRS YouTube Videos: Tax Scams: English | Spanish | ASL Private Collection of Overdue Taxes: English | Spanish WASHINGTON – The Internal Revenue Service today warned people to beware of a new scam linked to… Read More »
IRS Continues to Expand Taxpayer Services; Adds New Features to Taxpayers Online Account WASHINGTON — The Internal Revenue Service announced today the addition of several new features to the online account tool first introduced late last year as part of the IRS’s commitment to improve and expand taxpayer services. The online account allows individual taxpayers… Read More »
IRS Video Tax Tip: Tax-Related Identity Theft Here is a video tax tip from the IRS: Tax-Related Identity Theft English | Spanish | ASL
Taxpayers Abroad Must File by June 15; Extensions Available; New Filing Deadline Now Applies to Foreign Account Reports IR-2017-105, June 12, 2017 WASHINGTON — The Internal Revenue Service today reminded taxpayers living and working abroad that they must file their 2016 federal income tax return by Thursday, June 15. The special June 15 deadline is… Read More »