Message Image  

NSA Blog

Tax and Accounting News for Practitioners from Main Street to Wall Street

  • The IRS Issued Revenue Procedure 2016-14 The IRS today issued Revenue Procedure 2016-14, which provides inflation adjustments for certain items for 2016, including the section 179 expensing limits. These amounts were modified late last year by enactment of the Consolidated Appropriations Act...

  • IRS Resumes Processing Tax Returns The IRS announced it resumed processing individual and business tax returns at approximately 5 p.m. Thursday following resolution of its system outage. Many of the tools and applications came up earlier on Thursday morning, including “Where’s My Refund” on IRS.gov....

  • Profile Picture

    The IRS Hardware Failure Update

    New Update IRS teams continued working throughout the night and this morning on the system outage, and many of our tools and applications came back up this morning, including “Where’s My Refund” on IRS.gov. We are continuing our work and analysis of our return processing system; we hope to have...

  • Identity Theft is an Ongoing Concern and on the IRS Annual “Dirty Dozen” List of Tax Scams to Avoid The Internal Revenue Service today issued a filing season alert warning taxpayers to watch out for identity theft at tax time and highlighted the crime as the first scam in the agency’s “Dirty...

  • Tax Preparers: Perform a Deep Security Scan of Your Computer Drives The Internal Revenue Service urges all tax return preparers to get off to a clean start this January and perform a security deep scan of their computer drives and devices. Already in 2016, the IRS is seeing multiple email phishing...

  • IRS, States and Tax Industry Deploy New Safeguards for 2016 Because of improved protections in recent years, the Internal Revenue Service stops the vast majority of fraudulent tax returns using stolen identities. But identity thieves and criminal syndicates continue to persist and evolve. As...

  • IRS Tax Filing Deadline Extended And Customer Service Improvement Today, IRS Commissioner John Koskinen said the Service will hire up to 1,000 additional customer service representatives to help answer the toll-free help lines this filing season. The likely result? Koskinen says he expects that...

  • Annual Filing Season Program Update As of today, over 44,000 non-credentialed tax return preparers have elected to participate in the IRS Annual Filing Season Program and received a Record of Completion, which already exceeds last year’s 41,000+ participants. The deadline to complete the required...

  • IRS Provides Tax Relief to Mississippi Storm Victims; Tax Deadline Extended to May 16 The Internal Revenue Service announced today that Mississippi storm victims will have until May 16, 2016 to file their returns and pay any taxes due. All workers assisting the relief activities who are affiliated...

  • Due to an error, taxpayers are receiving Identity Protection PIN letters with an incorrect year listed. Taxpayers and tax professionals should be advised the IP PIN listed on the CP 01A Notice dated January 4, 2016 is valid for use on all individual tax returns filed in 2016. The notice...

Subscribe

Stay Updated