The IRS put out an announcement for a webinar tomorrow. If you want to sign up, make sure you do so as soon as possible! The webinar does not offer CE credit, but it is free to anybody who may be interested in brushing up on the topic. Details are below:
Collection Process and Online Payment Agreement (FL, GA). This free webinar will cover the following:
Registration: To register for the event, visit the Internal Revenue Service Webinar Registration website.
Sponsored By: Internal Revenue Service/Southeast Area Stakeholder Liaison
Date: September 29, 2016 (ET)
Time: 2:00 PM Eastern Standard Time, 11:00 AM Pacific Standard Time, 1:00 PM Central Standard Time, 12:00 PM Mountain Time. The webinar will be one hour.
A new authentication process for IRS e-services is going to be put in place next month. Starting on October 24, if you plan to use any of the services and self-help tools on irs.gov, you will need to re-register using this new process. The purpose of this change is to help reduce fraud and ensure identity verification is more secure than before.
The process differs depending on whether you're a new e-services user or a returning user. New users will need to go through a more detailed process to verify their identity and finances. Returning users will have a slightly more expedited process. In either case, users will need to be able to provide their AGI during registration. For anybody having trouble registering or re-registering, the website will offer online assistance. To facilitate this, they will be hiring more staff to handle the volume of users requiring help with the new Secure Access.
Another important thing to note is the IRS will be phasing out the e-filing PIN this year. Those who have already secured a PIN will be able to use it for this tax year, but after that, the option will no longer be available.
For more information detailing these changes, check out this article from Accounting Today.
The IRS is holding a webinar on a few different refundable credits. The credits the webinar will cover include the American Opportunity Tax Credit, Earned Income Tax Credit, and the Additional Child Tax Credit. The webinar will also discuss best practices as related to these refundable credits. Following the discussion, the presenters will then have a Q&A session to help answer any specific questions the audience may have.
The webinar takes place September 28th, 11 a.m. Eastern, 10 a.m. Central, 9 a.m. Mountain, 8 a.m. Pacific. That's just a few days from now, so make sure you sign up as soon as possible if you want to participate.
If you're interested in this webinar, you can sign up on this website.
Get guidance and questions answered at the following free industry-specific webinars…
Federal and State Basic Payroll Tax Webinar for the Restaurant Industry
Federal and State Basic Payroll Tax Webinar for the Cosmetology Industry
Federal and State Basic Payroll Tax Webinar for the Residential Care Industry
Continuing Education Credit is not being offered for these events.
The IRS has detected a recent wave of cyber crime targeting tax professionals. Identity thieves are invading tax preparers' computers remotely and using the information on their systems to file fraudulent taxes under the preparer's name. To combat this, the IRS has announced their Protect Your Clients; Protect Yourself campaign, raising awareness about this new threat and suggesting various measures tax preparers should take to prevent criminals from accessing their data.
The IRS has reported that a significant portion of these crimes are committed using sophisticated means and are syndicated efforts. To prevent identity thieves from stealing client and preparer information, the IRS suggests some simple but effective ways to keep intruders out. These include running deep security scans, switching to stronger passwords, thoroughly reviewing all new software and avoiding remote-access software, and avoiding clicking any email links that look suspicious or come from an unknown source.
The IRS also urges tax preparation firms to ensure their employees are informed on how to keep their systems secure. Along with the tips suggested above, they recommend all tax professionals read Publication 4557, Safeguarding Taxpayer Data, a Guide for Your Business. In this publication, tax professionals can see an essential outline of good security practice and follow a checklist to make sure their firm and their clients are as protected as possible.
For more information about this, check the official IRS news release.