Legal News
Security Summit: Beware of Fake Payroll Direct Deposit and Wire Transfer Emails
The IRS and its Security Summit partners warned tax professionals of an increase in phishing emails that involve payroll direct deposit and wire transfer scams. These business email compromise/business email spoofing (BEC/BES) tactics, which generally target all types...
Mailing Forms and Payments to the IRS
If you need to mail a return to the IRS, be sure to check IRS.gov for the most current information on where to file paper tax returns. The IRS also recommends checking any pre-printed envelopes on hand in your office, as many of the mailing addresses for tax forms,...
Security Summit: Tax Professionals at High Risk of Data Theft Attack
With cybercriminals increasing the number of attacks on tax professionals this year, practitioners need to take steps to protect their client data and computer networks. By law, all professional tax preparers must create and maintain a written data security plan. Sole...
IRS Issues Standard Mileage Rates for 2019
This week, the IRS issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also...
Redesigned Form 1040, Schedules and Instructions Now Available
The redesigned Form 1040, U.S. Individual Income Tax Return, for tax year 2018 is now available on IRS.gov. Also available are Schedules 1 through 6 and the 1040 Instructions. The 2018 Form 1040 uses a "building block" approach, so your clients with straightforward...