The Internal Revenue Service will install a software upgrade for e-Services from July 21 through Aug. 4. During installation of the upgrade, e-Services will not be available. This is a scheduled outage and is needed to upgrade the current e-Services software, according to the IRS. E-Services are Web-based products that allow tax pros and taxpayers to do business with the IRS electronically. They include preparer tax identification number application, online e-file application, and taxpayer identification number matching. In addition, tax professionals who e-file five or more accepted business or individual tax returns in a season are also eligible to use three additional e-Services products -- disclosure authorization, electronic account resolution and a transcript delivery system.
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Plus, OSCPA names its new board; ConvergenceCoaching graduates a new class of leaders; and other firm and personnel news from across the profession.
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Toxic pollutants; fabricated gambling winnings and losses; financial shortfalls; and other highlights of recent tax cases.
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Advisors can leverage the updated opportunity zone program, starting in January, to help ultrahigh net worth clients defer capital gains.
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The projected U.S. tax rates give tax professionals an early look at potential adjustments that could affect their 2027 tax planning for their clients.
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Plus, Cherry Hill Advisory launches set of free AI tools; Datarails launches finance ticketing system; and other accounting tech news.
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Nick Steiner is planning to build on the firm's Bay Area and Silicon Valley roots, while offering AI consulting for clients.
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