New Security Step – IR-2016-124 (9/22/16) – The IRS alerted people filing an extended return electronically for 2015 (due 10/17/16), that they likely would be asked to enter their AGI (Adjusted Gross Income) for 2014. The purpose is to help properly identify the taxpayer. The information release reminds people how to order a tax transcript from the IRS should they not have it.
Seven defendants were sentenced for their roles in online fraud schemes involving counterfeit checks, “mystery shopper” websites and work-from-home scams. Funso Hassan, 27, of Ibadan, Nigeria, and Anthony Shane Jeffers, 44, of Maryville, Tennessee, each pleaded guilty on April 12, 2016, to one count of conspiracy to commit identity theft and theft of government property and one count of use of mail and an interstate facility to distribute proceeds of a racketeering activity.
Technology has made tax compliance a lot simpler and more efficient. I believe at some point, tax compliance and payment will be a just-in-time activity we can easily do from our smart phone or watch.
But, computer systems and networks need to be extremely secure due to the highly sensitive data and the thieves who work 24/7 to get the data. Just this week, the IRS alerted tax professionals of thieves and scammers trying to get control of practitioner computers to avail themselves of client tax data.
October has been established as National Cyber Security Awareness Month by the Dept. of Homeland Security, to especially educate individuals and small business owners about cyber security. No better time to talk about Cyber Security I thought!
It has been a busy summer over here at MN Tax Solutions LLC. I was taking stock of our big challenges from the 2015 tax season and so I thought I should share some of the important lessons we learnt from it. No matter how many times we say this, it cannot be said enough- It is imperative to take regular stock of your “cyber-security health”! Just like you would go to the doctor for regular check-ups!
What are your best cyber-security practices? What are the types of threats you could face? Read More
California’s AB 2829 Digital Advertising Tax Proposal
The Tax Relief for American Families And Workers Act of 2024
IRS Issues Frequently Asked Questions Related To The Tax Treatment Of Work-Life Referral Services Provided To Employees
Spotlight Interview: Chuck Levun On Educating CPAs And Attorneys On Partnership, LLC, And S Corporation Flow-Through Planning On Four Costly Business Mistakes They Make (Part 1)
Navigating A Sales Tax Audit: A Comprehensive Guide To Protecting Your Business
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