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NYS Tax Department Issues E-file Signature Guidance – October 6, 2020

The New York State Tax Department has issued guidance regarding the use of electronic signatures on e-file authorizations (TR-579 forms) collected by tax preparers. To view the entire document, visit TSB-M-20(1)C, (2)I, E-File Authorizations (TR-579 forms) for Taxpayers Using a Paid Preparer for Electronically Filed Tax Returns.

IRS Expands IP PIN Opt-In Program beginning January 2021

The following is a message from the IRS Wage & Investment Division:  We wanted to give you a heads up on some important information for your clients and for you involving the Identity Protection PIN. Starting in January 2021, the IRS will expand the IP PIN voluntary opt-in program nationwide. The six-digit IP PIN provides […]

New York State Tax Notice N-20-8 INCORRECT (June 30, 2020)

NYSSEA learned late yesterday (June 29, 2020) that the NYS Department of Taxation & Finance’s Notice N-20-8 is incorrect. https://www.tax.ny.gov/pdf/notices/n20-8.pdf The notice says that the 1st quarter estimated tax payment is due 6/15 and the 2nd quarter 7/15, but in fact, it’s the opposite.  The 1st quarter payment is due 7/15, and the 2nd quarter is (was) due […]

1040-X Options Announced by the IRS

IRS announces Form 1040-X electronic filing options coming this summer; major milestone reached for electronic returns NOTE:  Initially, this will be offered only for tax year 2019 IR-2020-107, May 28, 2020 WASHINGTON — The Internal Revenue Service announced today that later this summer taxpayers will for the first time be able to file their Form 1040-X, […]

Enrolled Agents Week in NY’s 38th Senate District-January 26-31, 2020

Tax Day now July 15, 2020 – News from the IRS

IR-2020-58, March 21, 2020 WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, […]

Need to STOP April 15th Electronic Funds Transfers? – IRS

Electronic Funds Withdrawal (EFW) is an integrated e-file/e-pay option offered only when filing your federal taxes using tax preparation software or through a tax professional. Using this payment option, you may submit one or more payment requests for direct debit from your designated bank account. Get more details from the IRS by clicking here.

Coronavirus Response Toolkit

The U.S. Chamber has compiled CDC’s coronavirus recommendations for businesses and workers across the country. They continue to encourage American businesses to follow data-based guidance from the CDC and state and local officials. Click the link below to find sharable graphics based on the CDC’s latest guidance for businesses and employees. They encourage everyone to […]

IRS Opens 2019 Tax Filing Season – January 27, 2020

IR-2020-02, January 6, 2020 WASHINGTON ― The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns. The deadline to file 2019 tax returns and pay any tax owed is Wednesday, […]

Here’s what tax preparers need to know about a data security plan

Tax Tip 2019-174, December 11, 2019 With the tax filing season just weeks away, tax professionals who have a data security plan should review it for updates. Those who don’t have a plan should create one and use the information below to get started. Having a written data security plan isn’t just a good idea, […]