Truckers Face August 31 Deadline

Truckers Face August 31 Deadline

Long-haul truckers and others who own heavy highway motor vehicles are running out of time to file their federal highway use tax return by August 31. The heavy vehicle use tax is levied on vehicles with a taxable gross weight of 55,000 pounds or more that operate on...
Security Summit Highlights ID Theft

Security Summit Highlights ID Theft

The tax industry partners who make up the Security Summit are urging practitioners to take a page out of the medical books in order to keep their computer systems healthy: to cure an infection, you first have to know your patient is sick. In other words, tax pros have...
IRS Announces August Child Tax Credit Payments Now Being Issued

IRS Announces August Child Tax Credit Payments Now Being Issued

The Internal Revenue Service says millions of families across the U.S. should see their advance payment of the Child Tax Credit (CTC) in their bank accounts or mailboxes any day now. This payment is the second in a series of advance monthly payments. The August...
New Notice Includes Work Opportunity Tax Credit Relief

New Notice Includes Work Opportunity Tax Credit Relief

New guidance from the Internal Revenue Service seeks to clear the air on the Work Opportunity Tax Credit (WOTC) for employers and gives relief to them as well. WOTC makes a federal income tax credit available to those employers who hire qualified workers from groups...
Security Summit Shines Light on Phishing Scams

Security Summit Shines Light on Phishing Scams

The Security Summit is this week broadening the scope of its 2021 “Protect Your Clients; Protect Yourself” campaign to include the different types of phishing scams that taxpayers may see in the coming months. This immediately follows the Summit highlighting recent...