TAXATION

Safeguarding Taxpayer Data: How to Get Started
 

Safeguarding Taxpayer Data: How to Get Started

Posted: December 22, 2016
Tax professionals must safeguard taxpayer data by law. It is also critical to tax preparers’ business success. Protect your clients and yourself by taking a few common sense steps.


Overview of the Taxpayer Advocate Service
 

Overview of the Taxpayer Advocate Service

Posted: December 8, 2016
When a tax issue can't be resolved with the IRS, this department can step in. The advocacy service provides recommendations and helps solve clients' most vexing tax problems.

IRS Warns Taxpayers of Numerous Tax Scams Nationwide
 

IRS Warns Taxpayers of Numerous Tax Scams Nationwide

Posted: December 8, 2016
As tax season approaches, the Internal Revenue Service, the states and the tax industry reminded taxpayers to be on the lookout for an array of evolving tax scams related to identity theft and refund fraud.

How the Trump Presidency Could Affect Your Taxes
 

How the Trump Presidency Could Affect Your Taxes

Posted: November 17, 2016
President-Elect Donald Trump has proposed large tax cuts that may have a major impact on your taxes. It is uncertain whether these changes can move forward quickly enough to be considered for 2017. But in the meantime, here’s what Trump’s proposed tax plan may look like.

Tax Professionals: Monitor Your PTIN for Suspicious Activity
 

Tax Professionals: Monitor Your PTIN for Suspicious Activity

Posted: August 9, 2016
Criminals are increasingly targeting tax professionals, not only to steal client data but also to steal the professionals’ data such as PTINs, EFINs or e-Service passwords. Tax preparers can help protect clients and their businesses from identity theft by checking their PTIN Accounts to ensure the number of returns filed using their identification number matches IRS records.

Interview with IRS Office of Criminal Investigation
 

Interview with IRS Office of Criminal Investigation

Posted: April 13, 2016
New Jersey CPA magazine recently sat down for a question-and-answer session with Jonathan D. Larsen, Special Agent in Charge of the Newark Field Office for the Department of the Treasury, Internal Revenue Service (IRS), Criminal Investigation.


The Tax Auditor’s Search for Unreported Income
 

The Tax Auditor’s Search for Unreported Income

Posted: February 18, 2016
Unreported income creates controversy and scrutiny. An audit takes potential violators through a difficult and demanding review, which can be expensive and penalty-laden. It also poses a problem for tax professionals, who may also face IRS penalties.

Having a Spouse on the Payroll
 

Having a Spouse on the Payroll

Posted: November 25, 2015
Many small business owners often look to keep as much work in the family as possible. But there are significant tax and financial considerations that need to be made before adding a spouse to the payroll.