![]() ![]() 8, 2023 - In the fourth of a special series, the Internal Revenue Service and the Security Summit partners today urged tax professionals to learn the signs of data theft so they can respond quickly to protect clients. Security Summit reminder: Identity theft red flags tax pros should know 9, 2023 - IRS cautions plan sponsors to be alert to compliance issues associated with ESOPs As part of an expanded focus on ensuring high-income taxpayers pay what they owe, the Internal Revenue Service today warned businesses and tax professionals to be alert to a range of compliance issues that can be associated with Employee Stock Ownership Plans (ESOPs). IRS cautions plan sponsors to be alert to compliance issues associated with ESOPs The challenges created by paper are two-fold: taxpayers are unable to digitally submit many forms and correspondence beyond their annual 1040 tax return, and the IRS is unable to digitally process paper tax returns it receives. 2023 - Paper-based processes have long hampered the IRS and frustrated taxpayers.
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