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NATIONAL TAXPAYER ADVOCATE “2024 PURPLE BOOK”:
The 2024 Purple Book presents a concise summary of 66 legislative recommendations that the National Taxpayer Advocate believes will strengthen taxpayer rights and improve tax administration.

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FINCEN ADDS TO ITS BOI REPORTING FAQS:
The Financial Crimes Enforcement Network (FinCEN) added or updated 18 questions regarding the reporting of beneficial ownership information (BOI) on its

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BE AWARE OF EFIN SCAM EMAIL:
Tax professionals were issued a warning by the IRS of a scam email impersonating various software companies in an attempt to steal Electronic Filing Identification Numbers (EFINs).

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WHO HAS ACCESS TO SENSITIVE INFO AT THE IRS?
Protecting your info is part of our mission.

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REVISED AICPA STANDARDS MAY IMPACT YOUR TAX PRACTICE:
Changes to the AICPA Statements on Standards for Tax Services (SSTS) are potentially impacting CPAs.

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UPDATES TO FAQs ABOUT THE PREMIUM TAX CREDIT: 2024
The IRS Fact Sheet, released February 9, 2024, updates several questions regarding eligibility, employer coverage affordability, reporting, claiming and reconciling FAQs and updated unemployment co

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WARNING OF SURGE IN “NEW CLIENT” SCAMS AIMED AT TAX PROS:
Previously, the IRS observed a surge in these seasonal "new client" scams where identity thieves target accounting groups and tax preparation firms with fake emails.

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WHAT TO DO WITH FORM 1099-K:
The IRS has set up a dedicated page to help with processing Form 1099-K.

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FILING TAXES AFTER DIVORCE OR SEPARATION:
The IRS has created a one-stop webpage, Filing Taxes After Divorce or Separation, to help divorced and separat

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