Federal Tax Topics

Improperly Forgiven Paycheck Protection Program Loans are Taxable 

When a taxpayer's PPP loan is forgiven based upon misrepresentations or omissions, the taxpayer cannot exclude the forgiveness from income.

New Sample Data Security Plan for Tax Pros with Smaller Practices 

IRS has released a sample data security plan designed to help tax pros, especially those with smaller practices, protect their data and information.

IRS Appeals Invites Input on Video Conference Options 

The IRS Independent Office of Appeals welcomes input from taxpayers and tax pros on how video conference technology can best be used in an Appeals hearing.

New Electronic Fingerprinting Process for E-File Applicants 

IRS will not process paper fingerprint cards postmarked after August 15. Beginning September 25, IRS will implement a new electronic fingerprinting process for e-file applicants.

Tell Your Clients About Identity Protection PINs 

IRS is encouraging tax pros to inform their clients about the Identity Protection PIN Opt-In Program in order to help protect them against tax-related identity theft. IP PINs are now available to anyone who can verify their identity.