Names, contact information and some financial information of about 120,000 people was reportedly posted in error by the Internal Revenue Service (IRS) on its website. This confidential taxpayer information had been submitted on Form 990-T, which covers people with individual retirement accounts (IRAs) who earn...
The American Institute of Certified Public Accountants (AICPA) submitted recommendations to policymakers this week, urging clarity and simplification in how the Tax Cuts and Jobs Act impacts small business (SMBs) accounting rules. In a letter sent to the Internal Revenue Service (IRS) and the Treasury Department,...
A data glitch at the Massachusetts Department of Revenue accidentally exposed the private data of around 16,500 business taxpayers. According to a report in the Boston Globe, citing the Massachusetts Department of Revenue, the breach happened on Aug. 7, 2017, and left business taxpayers exposed...
It’s the most wonderful time of the year! Tax season, that is. And today is IRS Christmas. Curious to know how your taxes stacked up? While we won’t know about 2016’s filings until next year, IRS preliminary data from 2015’s filings (what you submitted in 2016)...
September 14, 2023
The Internal Revenue Service (IRS) has placed a moratorium on processing new claims for the Employee Retention Credit (ERC), a pandemic-era relief program, aiming to prevent a recurrence of the sort of fraud that happened around the Paycheck Protection Program (PPP). This decision comes in response to growing concerns about the influx of ineligible claims and aggressive marketing tactics that are […]
September 02, 2022
Names, contact information and some financial information of about 120,000 people was reportedly posted in error by the Internal Revenue Service (IRS) on its website. This confidential taxpayer information had...
February 15, 2018
A data glitch at the Massachusetts Department of Revenue accidentally exposed the private data of around 16,500 business taxpayers. According to a report in the Boston Globe, citing the Massachusetts...
April 18, 2017
It’s the most wonderful time of the year! Tax season, that is. And today is IRS Christmas. Curious to know how your taxes stacked up? While we won’t know about 2016’s...
