Urgent Alert Issued to Tax Pros on EFIN Scam

Tax professionals across the country are being warned by the Internal Revenue Service, state tax agencies and the tax industry to be on the lookout for a new scam to steal their Electronic Filing Identification Numbers (EFINs).… Read more about Urgent Alert Issued to Tax Pros on EFIN Scam (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Gathering Records Is the First Step in Tax Preparation

It won’t be long before the Internal Revenue Service opens its gates and the filing season will be officially underway.… Read more about Gathering Records Is the First Step in Tax Preparation (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Unveils New Self-Employed Sick Leave and Family Leave Form

Taxpayers may be aware that the Families First Coronavirus Response Act (FFCRA) includes a refundable tax credit for eligible employers who provide COVID-related sick and family leave. What some might not know is that this credit is also available for self-employed individuals, and a new form from the Internal Revenue Service makes claiming it straightforward.… Read more about IRS Unveils New Self-Employed Sick Leave and Family Leave Form (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Warns About Preparers Who Don’t Sign Their Works

The Internal Revenue Service is reminding taxpayers that the best tax professionals are those who always sign the returns they’ve prepared.… Read more about IRS Warns About Preparers Who Don’t Sign Their Works (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Educators Can Now Deduct Expenses for COVID-19 PPE

Since the Coronavirus pandemic began, we’ve heard a lot about front-line health care workers and their risks. Now we’ve come to know that teachers face risks of their own.… Read more about Educators Can Now Deduct Expenses for COVID-19 PPE (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

New Law Hikes Deduction Limit for Corporate Cash Contributions for Disaster Relief

Thanks to recent legislation, U.S. corporations can deduct up to 100% of their contributions to relief effort for a qualified disaster. They are also getting a break on how they have to document it.… Read more about New Law Hikes Deduction Limit for Corporate Cash Contributions for Disaster Relief (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…