Firm Advice

Ready for the 2021 Tax Season? Here’s How the Coronavirus Pandemic Affected Your Business Clients As some of your business clients prepare to reopen their doors while ensuring the safety of their employees and customers, it’s your job to nudge them to start gathering their tax documents and financials for the April deadline. As some … Read more

How to Get an EFIN https://www.youtube.com/watch?v=nIPwmFWrgn0 What is an Authorized IRS e-file Provider A Provider is a business or organization authorized by the IRS to participate in IRS e-file. It may be a sole proprietorship, partnership, corporation or other entity. The firm submits an e-file application, meets the eligibility criteria and must pass a suitability … Read more

IRS Creates New Position: Chief Taxpayer Experience Officer The position will work with business units and offices across the IRS, including Chief Counsel, the Independent Office of Appeals and the National Taxpayer Advocate. The role is envisioned as working in coordination with the National Taxpayer Advocate… The Internal Revenue Service has created a new Chief … Read more

COVID Tax Credit Extended for Employers Who Keep Workers on Payroll The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted Dec. 27, 2020, made a number of changes to the employee retention tax credits previously made available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The Internal Revenue Service is … Read more

IRS Offers New Contact-Free Signature Options for Tax Pros and Clients Tax professionals can find the new “Submit Forms 2848 and 8821 Online” on the IRS.gov/taxpro page. Tax professionals must have a Secure Access account, including a current username and password, or create an account in advance of submitting an online … The Internal Revenue … Read more