A worldwide cyberattack that affected companies in 64 different countries, including those in the United States, caused panic in a some sectors yesterday. Now, Microsoft believes it can trace the origins of the cyberattack to a Ukrainian company’s tax accounting software.
After serving for more than five years, the head of the Internal Revenue Service’s Criminal Investigation Division (IRS-CI), Chief Richard Weber, is stepping down. Weber announced his departure this month, saying, “It’s time.” He continued, “It’s time to start a new challenge.”
In response to complaints about how private debt collectors are handling taxpayer accounts, four Senators have sent a letter Pioneer Credit Recovery, one of the companies which has a debt collection contract with the Internal Revenue Service (IRS).
A survey suggests that millennials are more likely to fall for financial scams, including tax scams, than older generations.
Scammers clearly aren’t taking a break this summer. The IRS, state tax agencies and the tax industry, as part of the Security Summit, is warning tax professionals to beware of phishing emails claiming to be from a tax software education provider and seeking sensitive preparer data.
The Internal Revenue Service (IRS) has reopened its Preparer Tax Identification Number (PTIN) System. The system was shut down earlier this month following a U.S. District Court ruling which barred IRS from charging PTIN fees to tax preparers.
It’s Getting To Know You Tuesday! Today’s tax pro is John Pantekidis.
Nearly ten years after the discovery of a massive fraud scheme orchestrated by Bernie Madoff – and five years after the Department of Justice created a compensation fund to deal with the aftermath – Congressman Vern Buchanan (R-FL) claims that Madoff’s victims “have not received a penny” of relief.
The Internal Revenue Service (IRS) has issued a warning about a new telephone scam making the rounds.
The soda tax will live another day. An appeals court has upheld a lower court decision that Philadelphia’s tax on sweetened beverages is legal.