Tax & Current Accounting Topics

Taxpayer Bill of Rights: The ten rights of every taxpayer IRS Tax Tip America's taxpayers have specific rights when they interact with the IRS. These ten rights are known collectively as the Taxpayer Bill of Rights.

Security Summit: Tax Pros can help clients battle identity theft risk related to unemployment 

https://www.irs.gov/newsroom/security...

https://accountinginstruction.info/

Internal Revenue Service Security Summit partners today outlined for tax professionals how they can assist clients who were victims of unemployment compensation fraud schemes that targeted state workforce agencies in 2020 and 2021.

IRS Tax Tip Excise tax filers should give e-file a try 

https://www.irs.gov/newsroom/excise-t...

https://accountinginstruction.info/

The IRS encourages taxpayers who file federal excise taxes to file electronically. The following excise forms can be e-filed:

IRS: Businesses, charities, others with Employer Identification Numbers must update responsible party information within 60 days of any change https://www.irs.gov/newsroom/irs-busi...

Calling it a key security issue, the Internal Revenue Service today urged those entities with Employer Identification Numbers (EINs) to update their applications if there has been a change in the responsible party or contact information.

IRS: Businesses, charities, others with Employer Identification Numbers must update responsible party information within 60 days of any change https://www.irs.gov/newsroom/irs-busi...

Paid leave credit available for providing leave to employees caring for individuals obtaining or recovering from a COVID-19 immunization https://www.irs.gov/newsroom/paid-lea...

https://accountinginstruction.info/

The IRS today updated frequently asked questions (FAQs) on the paid sick and family leave tax credits under the American Rescue Plan Act of 2021 (ARP).

IRS Tax Tip  Taxpayers and tax pros should be ready to verify their identity when calling the IRS 

https://www.irs.gov/newsroom/taxpayer

https://accountinginstruction.info

Taxpayers and tax professionals calling the IRS will be asked to verify their identity.

IRS continues unemployment compensation adjustments, prepares another 1.5 million refunds 

https://www.irs.gov/newsroom/irs-cont...

https://accountinginstruction.info/

IRS Tax Tip IRS cautions taxpayers about fake charities and scammers targeting immigrants 

https://www.irs.gov/newsroom/irs-caut

https://accountinginstruction.info/

Tax tips for students working summer jobs 

https://www.irs.gov/newsroom/tax-tips... 

https://accountinginstruction.info/

During the summer many students focus on making money from a summer job. They may want to gain work experience, earn some spending money or help pay for college. Here are some facts all student workers should know about summer jobs and taxes.