Tax Tips

Tax preparers can follow these simple steps to protect client data

2019 / By

Tax Tip 2019-122, September 5, 2019 Tax professionals and their employees can take steps to help prevent thieves from stealing sensitive data. Cybercriminals use phishing emails and malware to gain control of computer systems or to steal usernames and passwords. Here are some simple steps that tax pros and their employees can take to protect …

Tax preparers can follow these simple steps to protect client data Read More »

Taxpayers can use 2018 tax return to estimate 2019 withholding amount

2019, Individual / By

IRS Tax Reform Tax Tip 2019-121, September 4, 2019 Millions of people have filed their 2018 tax return, making this a prime time to consider whether their tax situation came out as expected. If not, taxpayers can use their finished 2018 return and the Tax Withholding Estimator to do a Paycheck Checkup ASAP and, if needed, adjust their withholding. …

Taxpayers can use 2018 tax return to estimate 2019 withholding amount Read More »

Here’s what tax pros can do so they aren’t taken on a phishing trip

2019 / By

IRS Tax Tip 2019-120, September 3, 2019 Tax professionals should remember to educate everyone who works for them to be on the lookout for phishing emails. Sending scam emails is still the most common tactic used by cybercriminals to steal sensitive data. More than 90 percent of all data thefts start with a phishing email. …

Here’s what tax pros can do so they aren’t taken on a phishing trip Read More »

Here’s what tax professionals should know about creating a data security plan

2019 / By

IRS Tax Tip 2019-119, August 29, 2019 Tax pros must create a written security plan to protect their clients’ data. In fact, the law requires them to make this plan. Creating a data security plan is one part of the new Taxes-Security-Together Checklist. The IRS and its Security Summit partners created this checklist. It helps …

Here’s what tax professionals should know about creating a data security plan Read More »

Tax pros: Follow the “Security Six” steps to help protect taxpayer data

2019, Individual, Small Business / By

IRS Tax Tip 2019-117, August 27, 2019 Tax professionals should review security steps to make sure they are fully protecting sensitive taxpayer data. All tax pros should give their data safeguards a thorough review. Part of this review is following the “Security Six” protections. Here is more info about these basic protections that everyone – …

Tax pros: Follow the “Security Six” steps to help protect taxpayer data Read More »

Employers who provide leave might qualify to claim valuable credit

2019, Small Business / By

IRS Tax Reform Tax Tip 2019-115, August 22, 2018 Employers who provide paid family and medical leave to their employees might qualify for a credit that can reduce the taxes they owe. It’s called the employer credit for family and medical leave. Here are some facts about the credit to help employers find out if …

Employers who provide leave might qualify to claim valuable credit Read More »

Tax pros should review new checklist with steps to protect data

2019, Individual / By

IRS Tax Tip 2019-114, August 21, 2019 Despite major progress against identity and data theft, these threats still happen. They continue to put tax professionals and their clients at risk. To help combat this, the IRS and its Security Summit partners created a new Taxes-Security-Together Checklist. The checklist includes things tax pros can do now to prevent …

Tax pros should review new checklist with steps to protect data Read More »

IRS Video Portal features tax info for small businesses and employers

2019, Small Business / By

IRS Tax Tip 2019-113, August 20, 2019 Small business owners and others with tax questions can check out the IRS Video Portal to get more information on a wide range of topics. Taxpayers can visit the site to find videos and recorded webinars on topics such as: Starting a business Tips for new businesses Business taxes for …

IRS Video Portal features tax info for small businesses and employers Read More »