Final regulations have been issued on the deduction for qualified transportation fringe and commuting expense.… Read more about Final Regs Issued for Transportation, Commuting Expense; Some QOF Filers to Get Letters from IRS (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
The Internal Revenue Service has issued Notice 2020-86, addressing certain parts of the SECURE Act that affect safe harbor plans—including safe harbor 401(k) plans and some 403(b) plans.… Read more about New IRS Guidance Eases Burdens on Certain Safe Harbor Plans (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Businesses should be on high alert as thieves try to use their stolen names and data to file fraudulent income tax returns. The warning comes from the Internal Revenue Service, state tax agencies and tax industry partners who make up the Security Summit partnership.… Read more about Security Summit Urges Businesses to Tighten Defenses (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Taxpayers who want to make it harder for identity thieves to successfully file a fraudulent tax return using their information will soon be able to sign up for an IP PIN. Starting in January 2021, the Internal Revenue Service says it will allow any taxpayer to sign up for the Identity Protection PIN Opt-In Program—provided they can “properly verify their identities.”… Read more about Security Summit Says IP PINs Can Protect Taxpayer Information (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Day two of National Tax Security Awareness Week is all about multi-factor authentication. Following opening day warnings about the increased number of phishing scams that taxpayers will face over the holidays, during tax season, and throughout 2021, it makes sense that the second day emphasizes a security measure that the Internal Revenue Service says “will be available on all 2021 online tax preparation products.”… Read more about Multi-factor Authentication Spotlighted for National Tax Security Awareness Week (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…