As part of continuing efforts to combat dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service is sending an initial round of more than 20,000 letters to taxpayers notifying t
Taxpayers and tax professionals are urged to be alert to fake communications posing as legitimate organizations in the tax and financial community, including the IRS and states.
The PTIN for all paid tax return preparers will expire on December 31, 2023, and will need to renewed with the online renewal process. It takes about 15 minutes to renew online.
Tax practitioners are subject to the standards of practice and disciplinary rules of Circular 230, Regulations Governing Practice before the Internal Revenue Service, which was issued under 31 CFR