As the IRS works to return its Centralized Authorization File to normal processing operations, it is asking for tax practitioners’ help.
CAF units at Memphis, Tennessee, and Ogden, Utah, are now operational, but with limited staffing.
Sending multiple requests for access to a taxpayer’s account strains operations, the IRS said, as does sending in duplicate 2848s and 8821s.
The IRS is asking that CAF users fax a request only once, and double-check forms for accuracy to speed up processing times.
Speedy sentencing; WWTF; no longer Confident; and other highlights of recent tax cases.
The Internal Revenue Service and the Treasury Department released final regulations on the transfer of clean energy manufacturing, investment and production tax credits, with specific rules for partnerships and S corporations.
Sens. Cassidy and Warren teamed up to introduce legislation aimed at making math error notices from the IRS easier to understand.
A recent experiment tested different generative AI models against each other on the CPA Exam and found they each have their own strengths and weaknesses.
Firms must transform their business models to afford the cost of multilayered retention strategies, a new report by the Pennsylvania Institute of CPAs says.
The IRS has long offered alternative dispute resolution, but says use has declined in recent years, and it hopes to make it more attractive and accessible.
