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Extensions are ok!
Several states have extended due dates because of disasters. Check the Tax Relief in Disaster Situations page on the IRS website to see if your state has been impacted.
IRS warns of new scams
New Client Email Scam: Cybercriminals pose as potential clients seeking help with their taxes, using emails to try obtaining sensitive information or gain access to tax professionals' client data.
EFIN Scam: Scammers pose as a tax software provider and email the tax professional with a request to provide their EFIN information by fax.
If you believe you’ve received something that looks suspicious:
Don’t respond to the email or click on anything in the email that looks odd.
Check the IRS website for announcements regarding new scams.
Protecting Your EFIN & PTIN
To protect against fraud, the IRS recommends monitoring your accounts to verify that you filed the number of returns shown under your PTIN and EFIN.
PTIN: Log into your PTIN account, then select the "Returns per PTIN" tile.
EFIN: Log into your e-Services account to access your e-file information.
Report any misuse of EFIN & PTIN to the IRS using the contact info located on their website.
NOTE: If you haven’t done so, you need to implement a written information security plan. Tax preparers are requiredby law to have one in place. The AICPA and IRS have templates if you need something quickly.
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Want more tax updates and accounting insights? Tune in every other week to Federal Tax Updates! Hosts Roger Harris, EA and Annie Schwab, CPA help you keep up-to-date with the latest federal tax information while earning approved CPE and CE credits.
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