Friday, April 15, 2016

FYI: New Tax Scam Targeting Tax Professionals

 

FYI:  The Internal Revenue Service warns tax professionals of a new emerging scam in which cybercriminals obtain remote control of preparers’ computer systems, complete and file client tax returns and redirect refunds to thieves’ accounts.

Although the IRS knows of a handful of cases to date, this scam has potential to impact the filing of fraudulent returns is yet another example of tax professionals being targeted by identity theft criminals.

The IRS urges all tax preparers to take the following steps:

  • Run a security “deep scan” to search for viruses and malware;
  • Strengthen passwords for both computer access and software access; make sure your password is a minimum of 8 digits (more is better) with a mix of numbers, letters and special characters;
  • Be alert for phishing scams: do not click on links or open attachments from unknown senders;
  • Educate all staff members about the dangers of phishing scams in the form of emails, texts and calls;
  • Review any software that your employees use to remotely access your network and/or your IT support vendor uses to remotely troubleshoot technical problems and support your systems.

o   Remote access software is a potential target for bad actors to gain entry and take control of a machine.

 

Tax professionals should review Publication 4557, Safeguarding Taxpayer Data, A Guide for Your Business, which provides a checklist to help safeguard taxpayer information and enhance office security.

 

 

 

Jennifer Henrie-Brown, ID #1000247447

Stakeholder Liaison Specialist

Communications Stakeholder Outreach

Work cell phone:  510-926-0175

Jennifer.Henrie-Brown@irs.gov

IRS Video Portal
Follow us on Twitter, YouTube

 

 

 

 

 

 

FYI: IRS Tax Tip: The Health Care Law & Your Taxes: Last Minute Filing Tips

FYI:  IRS Health Care Tax Tip, “The Health Care Law and Your Taxes: Last Minute Filing Tips”, makes three basic points for taxpayers who have not yet filed: 

1.     Just Check the Box (it’s easy and you may not really need more time to file),

2.     Apply for an Extension (if you can’t get your return done in time you must apply for an automatic extension) and

3.     Don’t Wait to File (an exemption doesn’t mean you should wait - file ASAP especially if you must reconcile advance payments of the premium tax credit received in 2015).

 

 

(Monday, April 18, 2016 is the tax filing deadline).

 

 

Jennifer Henrie-Brown, ID #1000247447

Stakeholder Liaison Specialist

Communications Stakeholder Outreach

Work cell phone:  510-926-0175

Jennifer.Henrie-Brown@irs.gov

IRS Video Portal
Follow us on Twitter, YouTube

 

 

 

Thursday, March 31, 2016

FYI: Deadline to participate in 2016 Annual Filing Season Program is Apr. 18

FYI:

 

IRS has issued 56,000+ Annual Filing Season Program Records of Completion. However, over 32,000 non-credentialed tax return preparers need to take the final step of consenting to adhere to subpart B and section 10.51 of Circular 230.

 

April 18, 2016, is the last day they can take this step and participate in the 2016 program.   

 

Without an Annual Filing Season Program Record of Completion, they will have no representation rights regarding tax returns they prepare this year if the returns are later audited (unless they later become an attorney, CPA or enrolled agent).

 

IRS has sent multiple communications to these PTIN holders explaining this step. On April 1, IRS will send a final email reminding them the deadline is approaching.  (A copy of the email is attached below).  

 

IRS has created a video tutorial to show PTIN holders how to sign the C230 consent online.

 

Please share this information with tax professional organizations and other parties who may be interested.  Thank you!

 

 

 

 

Jennifer Henrie-Brown, ID #1000247447

Stakeholder Liaison Specialist

Communications Stakeholder Outreach

Work cell phone:  510-926-0175

Jennifer.Henrie-Brown@irs.gov

IRS Video Portal
Follow us on Twitter, YouTube

 

 

 

 

 

 

 

Tuesday, March 29, 2016

FYI: IRS hosts Affordable Care Act Live Webinars (March 30 & April 6, 2016)

Hello Everyone,

 

IRS will hold two Affordable Care Act webinars - one on 3/30 and the other on 4/6 -

You can register for these webinars at:

·        Affordable Care Act: Applicable Large Employers Information Return Requirements (IRC 6056) for Tax Year 2015

·        Affordable Care Act: Employer Shared Responsibility Provisions (IRC 4980H)

 

The first live webinar - on March 30, 2016 at 11:00 AM (PDT) - will present information regarding information reporting requirements.  Among the specific topics that will be addressed are:

·        Information on filing responsibilities for applicable large employers and government program providers

·        Rules for government entity designation, third party and multiple employer plans

·        Filing extensions granted for 2015

·        Transition relief for 2015

·        Plus a live Q&A with IRS Subject Matter Experts

 

The second live webinar - on April 6, 2016 at 11:00 AM (PDT) - will present information on the employer shared responsibility provisions.  Among the specific topics that will be addressed are:

·        How to determine if you are considered an applicable large employer

·        What is the definition of a full-time employee

·        Learn the filing requirements and transition relief for 2015

·        Plus a live Q&A with IRS Subject Matter Experts

 

Certificates of completion are being offered and eligible individuals can earn 1 CE credit.

 

Information regarding other webinars for tax practitioners and small businesses can be found at the following web sites:

·       https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Webinars-for-Tax-Practitioners-1

·       https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Webinars-for-Small-Businesses-1

 

 

 

 

Tuesday, March 15, 2016

FYI: Affordable Care Act: Employer Shared Responsibility Provisions IRS Webinar on April 6, 2016

Hello Everyone,

 

IRS is presenting a webinar on the Affordable Care Act:  Employer Shared Responsibility Provisions (IRC 4980H) on April 6, 2016.  See below and above attached flyer for additional information.

 

Topic: Affordable Care Act: Employer Shared Responsibility Provisions (IRC 4980H)

Date: Wednesday April 6, 2016

Times: 2:00 p.m. Eastern; 1:00 p.m. Central; Noon Mountain; 11:00 a.m. Pacific

Duration: One hour

 

Continuing Education Credits Available*: One hour in federal tax

 

Learn about:

 

  • How to determine if you are considered an applicable large employer
  • What is the definition of a full-time employee
  • Learn the filing requirements and transition relief for 2015
  • Plus a live Q&A with IRS subject matter experts

 

Topics include:

·       How to determine if you are considered an applicable large employer

·       What is the definition of full-time employee

·       Learn the filing requirements and transition relief for 2015

·       Plus a live Q&A with IRS subject matter experts

 

Register for the Webinar: https://www.webcaster4.com/Webcast/Page/445/13501

 

Stay in-the-know on the go!

View IRS webinars on smartphones and tablets

 

*PTIN Holders: In order to get your CE reported to the IRS, ensure that your first name, last name and PTIN match your account. Your PTIN must begin with the letter P followed by 8 numeric characters. If you incorrectly enter your name and PTIN, you may still receive a certificate but your credit will not be reported to the IRS.

 

 

Jennifer Henrie-Brown, ID #1000247447

Stakeholder Liaison Specialist

Communications Stakeholder Outreach

Work cell phone:  510-926-0175

Jennifer.Henrie-Brown@irs.gov

IRS Video Portal
Follow us on
Twitter, YouTube