IRS HUB Testing, also known as Controlled Launch, is a preparatory phase conducted by the Internal Revenue Service (IRS) before the official opening of the electronic filing (e-file) season. During this period, the IRS processes a limited number of electronically filed tax returns to ensure system readiness and to identify
If you’re a tax preparer, the idea of an unannounced visit from the IRS might sound stressful. However, these visits—known as “Knock and Talks”—are not meant to intimidate or penalize you. Instead, they’re part of the IRS’s efforts to ensure tax professionals like you are meeting due diligence requirements and
If you’re a tax preparer, you’ve probably heard about IRS audits and the importance of compliance. But let’s be blunt—an IRS preparer audit isn’t just a minor inconvenience; it can destroy your reputation, hit you with severe financial penalties, and even put your business out of operation. Whether you’ve been
If you’re in the tax preparation industry, especially as a Service Bureau offering professional tax software and services like NTO Software Solutions, you know the importance of standing out and reaching the right audience. With tax season always on the horizon, positioning yourself effectively is key to attracting clients and
In today’s digital age, safeguarding sensitive data is more crucial than ever, especially for tax professionals who handle vast amounts of personal and financial information. Recognizing the ongoing threat of identity theft and data breaches, the IRS, in partnership with the Security Summit, has released an updated Written Information Security
As the second quarter comes to an end, it’s important to keep an eye on a key date: June 17, the IRS deadline for the second quarter estimated tax payment. If your income isn’t subject to withholding, such as earnings from self-employment or investments, you must pay on time. Otherwise,
