The Internal Revenue Service and its Security Summit partners are warning tax professionals that cybercriminals are targeting them with new ways to get taxpayer information.… Read more about Security Summit Warns of Telework, COVID-19-Related Scams (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…

A warning has been issued to all taxpayers and tax professionals alike: Beware of scams and identity theft schemes by criminals taking advantage of the holiday shopping period, the approaching tax… Read more about National Tax Security Awareness Week Opens with a Warning (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service and the Treasury Department have issued their final regulations on section 1031 like-kind exchanges. The regulations clarify the definition of real property under section 1031, while providing a rule governing the receipt of personal property incidental to real property in a like-kind exchange.… Read more about Final Regulations Clarify Section 1031 Like-Kind Exchanges (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…