An Identity Protection PIN (IP PIN) is a six-digit number issued by the IRS to safeguard your federal tax return from identity theft and fraud. It ensures that only you, or someone you authorize, can file a tax return using your Social Security Number or Individual Taxpayer Identification Number. Why is an IP PIN Important? Tax-related identity theft is on the rise, and fraudsters are constantly looking for ways to file false returns to claim refunds. An IP PIN acts as a lock on your tax account, blocking unauthorized returns. Without the correct IP PIN, the IRS will reject any e-filed...

The post Just Married? Here’s Your Tax Checklist for a Smooth Start appeared first on taxPRO Websites.

6 Practical Tips for Managing Difficult Tax Clients
Tax season can bring out the best—and worst—in your clientele. Stress, deadlines, and complex

After a few years of delays, the reporting threshold for third party settlement organizations (TPSOs) reported on a Form 1099-K has officially dropped

The IRS has announced a one-day extension for taxpayers with federal tax deadlines originally set for Thursday, January 9, 2025. The new deadline is F

If you underpaid taxes in 2024, consider making a fourth-quarter estimated tax payment by Jan. 15, 2025, to avoid penalties. The U.S. tax system requi