Cg Tax, Audit & Advisory’s Post

Protect Your 𝗜𝗱𝗲𝗻𝘁𝗶𝘁𝘆 This Tax Season! 🔒 𝗜𝗥𝗦 wants everyone to stay secure with an essential tool: The 𝗜𝗱𝗲𝗻𝘁𝗶𝘁𝘆 𝗣𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗜𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗡𝘂𝗺𝗯𝗲𝗿 (IP PIN): 𝗪𝗵𝘆 𝗜𝘁 𝗠𝗮𝘁𝘁𝗲𝗿𝘀: An IP PIN adds an extra layer of defense against tax-related identity theft, ensuring only you can file a tax return using your Social Security number or ITIN. 🗓️ 𝗞𝗲𝘆 𝗗𝗮𝘁𝗲𝘀: Sign Up By: 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 23, 2024. New IP PINs Released: Early January 2025 𝗛𝗼𝘄 𝘁𝗼 𝗚𝗲𝘁 𝗬𝗼𝘂𝗿 𝗜𝗣 𝗣𝗜𝗡: 1. Go to IRS.gov and log in or create your online IRS account. 2. Complete the ID verification process. 3. Head to your profile tab and request your IP PIN. 𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁: Your IP PIN is valid for just one calendar year and needs to be used for all federal tax returns. Don’t wait until it’s too late—secure your identity now and be prepped for tax season! Stay protected and stress-free this tax season! 💼✨ #TaxSeason #IRS #StaySafe #IdentityProtection #TaxTips #IPpin #Identity #Fraud #USA #Taxation #2025Tax #USANews #USAArmy #TaxFraud #IdentityTheft #TaxEvasion #USATaxes #TaxLaws #USAGovernment #TaxScams #IdentityProtection #USATaxCode #TaxFiling #USATaxSystem #TaxCompliance

IRS Requires Multi-Factor Authentication for Tax Professionals to Enhance Security The IRS is reminding tax professionals that multi-factor authentication is now a requirement, not just a good practice. https://lnkd.in/gbJ9uJ-c

It's Tax Day! Whether you did yours weeks ago or are scrambling to file, know that scammers are out in force this time of year. Our friends (yes, they are people, too) at @IRS are kind enough to publish their yearly "Dirty Dozen" tax scams to look out for. Worth taking a few minutes to gain awareness of what the scams look like this year so your don't get tricked. #TaxScams #IRS #StaySecure https://lnkd.in/dqpdhGF

IRS Tax Fraud Cases In December 2006, Congress passed the Extension of Tax Relief Act of 2006 (“Tax Relief Act of 2006”), which contained a whistleblower reform provision (Section 406) amending Title 26 U.S.C. Section 7623 to include whistleblowers. These amendments authorize the IRS to create a Whistleblower Office to process tips received from individuals who “spot tax problems in their workplace, while conducting day-to-day personal business, or anywhere else they may be encountered.” The IRS whistleblower program enables the IRS to detect underpayments of tax and bring violators of tax laws to justice, with the help of whistleblowers. https://lnkd.in/gpC5jyC9

What’s a ghost tax preparer? Ghost tax preparers are individuals who prepare your tax return with fraudulent information, and then vanish without signing it. They're after a quick payout and leave you to deal with the consequences afterward. While some taxpayers may knowingly engage in this scheme, they often turn on the preparers when caught. Don't get caught up in this scheme—it's a risky game that can land you in trouble with the IRS. Watch the full video episode to learn more: https://brnw.ch/21wKJXg #IRSDebtSettlement #TaxNegotiation #BusinessProtection #TaxHelpNow #IRS2024DirtyDozen #TaxScamsAlert #BogusTaxStrategies #FraudulentOffshoreSchemes #TaxPreparerScams #FakeCharitiesWarning #ProtectYourTaxReturn #PhishingScams2024 #EmployeeRetentionCreditFraud #TaxEducation #FakeW2Scam #Fake7202Scam #FakeScheduleH

📅 As you begin to prepare your taxes this year, it is crucial to ensure you avoid common red flags ⛔ if you are using a new tax preparer. Many types of tax preparer scams can be costly for you and even result in identity theft in some cases. This article will walk you through some of the warning signs to look for. It will also provide you with advice on how to choose a reputable tax preparer. https://lnkd.in/gJy7A2ar #Tax2024 #TaxScams #Taxes #TaxPreparer

Tax scams are fraudulent schemes designed to deceive taxpayers and steal their money or personal information. ⚠️ To protect yourself from tax scams, it's crucial to stay informed, be cautious of unsolicited tax communication, and verify the legitimacy of any requests or claims made by individuals or organizations. The #IRS provides resources and alerts to help taxpayers identify and report tax scams. #TaxScams #TaxSeason #TaxPreparation #Taxes #TaxProfessional

🚨 Attention Tax Pros: Erroneous IRS CP14 Notices Causing Taxpayer Confusion 🚨 The IRS is sending out incorrect CP14 notices to taxpayers who have already paid their 2023 taxes, indicating they still owe money. This is causing significant stress for those who have cleared their payments. Tax professionals are reporting a large number of clients receiving these notices, particularly those who paid via paper checks. The IRS acknowledges the issue and advises taxpayers to check their bank statements to confirm payment and not respond to the notices at this time. If the issue persists after 6-8 weeks, provide proof of payment to the IRS to avoid penalties and interest. Encourage clients to log into their IRS online accounts to verify payment status and monitor for automatic adjustments. As tax pros, it's crucial to guide clients through this confusing situation and ensure they are not penalized for payments already made. Stay informed and advise accordingly. 💡 #TaxTwitter #TaxPros #IRSNotices #TaxSeason2023 #TaxNews https://lnkd.in/e6MPbvSC

April 15th is creeping closer, so it's time to assess your tax situation. Ideally, we'd all be filing and paying by then, but hey, life happens! This is your official "get out of jail free" card. File for an extension to avoid penalties from the IRS. It's a simple way to buy yourself some extra time to gather documents. But remember, an extension gives you more time to file, not to pay. You'll still owe any taxes due by April 15th to avoid interest and penalties. #winspireacc #tax #taxseason2024 #usa #uscpa #cpafirms #taxdeadline #april15

Stay Safe from Tax Scams! 🚨 Scammers are on the rise, targeting unsuspecting taxpayers. Always verify who you're dealing with, never share personal information over the phone or email, and consult trusted professionals. For more information, visit www.irs.gov/scams and subscribe to our newsletter at https://lnkd.in/gcKJvHPn. #TaxScams #TaxScamAlert #StaySafe #WallaceConsulting #Taxes #StayAlert