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ICYMI: EFTPS WILL REQUIRE MULTI-FACTOR AUTHENTICATION
Effective October 19th, multi-factor authentication will be required when accessing EFTPS.

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THE 2023 ACCOUNTANTS MALPRACTICE LIABILITY INSURANCE BUYER'S GUIDE:
As part of our Practice Management education sessions, we regularly recommend that all members carry appropriate insurance to protect their business and personal assets.

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ELECTIVE PAYMENTS OF CERTAIN CREDITS UNDER THE INFLATION REDUCTION ACT:
Tax-exempt and governmental entities, including those that were generally unable to use tax credits previously, can now benefit from

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MISSION-CRITICAL FUNCTIONS UPDATE BY THE IRS:
Filed a Tax Return in 2022 (updated October 3, 2023)

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IRS RELEASES INFORMATION REGARDING CLEAN VEHICLE CREDITS:
The IRS has released proposed regulations and other guidance on the clean vehicle tax credit enacted as part of the Inflation Reduction Act that will allow consumers to claim the rebate at the time

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FARMERS & RANCHERS IN 49 STATES GET DROUGHT TAX RELIEF:
The lack of rain nationwide has led to stunted crops and, in dire cases, forced farmers to abandon fields.

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WEALTHY NONFILERS NEW FOCUS FOR IRS:
Wealthy nonfilers accounted for up to $65.7 billion in unpaid taxes between 2017 and 2020, and the IRS has been doing almost nothing about it, according to IRS data obtained by the Senate’s top tax

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CHANGES TO FREEDOM OF INFORMATION ACT (FOIA) REQUEST PORTAL:
The agency’s FOIA public access portal now says it is using a “sign on system that requires identity verification.” According

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