Blog
Misleading Social Media Advice And The Fuel Tax Credit
The Internal Revenue Service (IRS) has issued alert IR-2024-139, highlighting a rise in tax scams and misleading social media advice that have resulted in inflated refund claims. As a tax preparer, it’s crucial to stay informed about these fraudulent activities to safeguard your clients. Here is a comprehensive...
Summer Camps And The Child and Dependent Care Credit
When school's out on break, parents often face the challenge of finding suitable care for their children. As a tax preparer, you have the opportunity to inform your clients about a valuable tax credit that can help ease the financial burden of day camp expenses: the Child and Dependent Care Credit. This credit can...
Navigating Disaster Tax Relief
In the wake of natural disasters, tax return preparers play a pivotal role in guiding clients through the complexities of disaster tax relief. Understanding the intricacies of these provisions is crucial for ensuring that affected taxpayers receive the necessary support and relief. This blog aims to provide an...
Detecting and Preventing Tax Fraud
Did you know that tax fraud costs the US government billions of dollars in revenue each year? As a tax preparer, you are critical in identifying and preventing tax fraud, ensuring the tax system's integrity, and maintaining public trust. This blog explores the role of tax preparers in identifying tax fraud and the...
IRS to Reinstate Automated Reminder Notices for Past-Due Taxes
A significant development will soon impact you, the tax professional, and your clients: the reinstatement of automated reminder notices for unpaid taxes from taxable years 2021 and earlier. This initiative, outlined in IRS Notice 2024-07, is designed to assist tax professionals in managing client accounts more...