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TREASURY INSPECTOR GENERAL FOR TAX ADMINIATRATION (TIGTA):
We’re auditors. But sometimes, we act like taxpayers.

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EMPLOYEE RETENTION CREDIT CLAIMS:
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

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ETAAC MEMBERSHIP APPLICATIONS:
WASHINGTON — The Internal Revenue Service is accepting applicants for nomination to the Electr

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FINCEN SET TO BEGIN ENFORCEMENT JANUARY 1, 2024:
The Financial Crimes Enforcement Network (FinCEN), part of the U.S.

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TAXPAYERS AND TAX PROFESSIONALS WARNED TO WATCH OUT FOR EMERGING SCAMS BY EMAIL, TEXT, PHONE:
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.

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REMINDER: RENEW PREPARER TAX IDENTIFICATION NUMBERS BY DECEMBER 31
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.

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PRACTITIONER DILIGENCE OBLIGATIONS AND THE REPORT OF FOREIGN BANK AND FINANCIAL ACCOUNTS:
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

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LINK YOUR CAF NUMBER TO YOUR TAX PRO ACCOUNT:
The IRS is setting the stage for taxpayers and tax professionals to gain seamless self-service options to access information and resolve issues.

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PROFESSIONAL RESPONSIBILITY AND DATA SECURITY: PRACTITIONERS’ OBLIGATION TO HAVE A WRITTEN INFORMATION SECURITY PLAN
Note: NSTP will be providing a workshop on developing a WISP during the Grand Event in Las Vegas, January 3 – 5, 2024.

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