Main Street Practitioner Blog

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

  • Mark Your Calendar The 2017 IRS Nationwide Tax Forums are coming to a city near you. Join your colleagues and IRS representatives for three days of education, training, and networking. This is a great opportunity to: Earn valuable CE/CFP Credits Learn about the latest tax laws...

  • NSA is warning all tax professionals and taxpayers of a new E-mail scam posing as National Taxpayer Advocate. The subject line for the fraudulent email is “URGENT NOTICE: IMPORTANT STEPS AND PROCEDUTES FOR NEW TAX SEASON” and uses an IRS logo at the bottom. The message purports to...

  • Tax return preparers should beware of various ruses and schemes used by cybercriminals. These scams allow criminals to gain access to passwords or computer systems which allows them to steal taxpayer data. Many schemes are currently making the rounds. Protect your clients and yourself from these...

  • Tax Professionals: Protect Your Clients; Protect Yourself Due to the sensitive client data held by tax professionals, cybercriminals increasingly target the tax preparation community. Thieves use a variety of tactics, from remote computer takeovers to phishing scams. The IRS and NSA ask for your...

  • Protect Your Clients: Security Summit Partners Warn Tax Pros of Cybercriminals, Launch New Awareness Tips The Internal Revenue Service, state tax agencies and the tax industry today warned tax professionals of the continuing threat from cybercriminals and launched a series of security tips to...

  • Next week is National Tax Security Awareness Week As the 2017 tax season approaches, the IRS announced a special “National Tax Security Awareness Week” will take place next week to help taxpayers and the tax community protect sensitive tax and financial data. As part of the Security...

  • The January 20 swearing-in of Donald Trump as President - and the resulting change in control of the Administration to Republican hands – will result in significant changes in tax policy. What can tax professionals expect as we begin tax season and beyond? IRS Commissioner: IRS Commissioner...

  • The Internal Revenue Service Advisory Council (IRSAC) Annual Report released on November 16 calls on the agency to "remove obsolete language and clarify inconsistent sections," primarily as a result of the decision in Loving v. IRS, 742 F.3d 1013 (D.C. Cir. 2014), which invalidated the IRS Registered...

  • Profile Picture

    IRS Announces 2017 Tax Rates

    The standard deductions for single taxpayers, heads of households and married individuals will increase slightly in 2017, but the personal exemption is unchanged, the IRS said in an October 25 news release ( IR-2016-139 ). Taxpayers will use the information when filing their returns in 2018, the IRS...

  • The IRS today issued an urgent alert to tax professionals who use IRS e-services to beware of an email asking them to update their accounts and directing them to a fake website. The subject line for the fraudulent email is “Security Awareness for Tax Professionals.” The “From”...


Stay Updated