OK, we’re starting a new year and many firms are having employees sign an annual acknowledgement to firm policies. This year, we’re adding an AI & ChatGPT usage policy for our employees. Yes, I used ChatGPT to create this policy, but it took a few iterations and I pieced together different elements from different iterations. […]
New Year needs a new Employee Policy for AI Read More »
Those of you following along with the drama unfolding about getting setup with a new IRS online account are probably aware of the pushback from the public and Congress about the IRS using facial recognition to setup one of these accounts. Last week the IRS announced they would move away from using biometric data to
IRS backs down, no more facial recognition required for online account setup Read More »
The tax professionals who use the Wolters Kluwer CCH Axcess and CCH ProSystem fx Tax programs received some great news. As you might remember, the efile system that both of these programs use went down on the afternoon of September 15, 2020. It turns out, that is a huge tax deadline so it was more
9/24/2020 Wolters Kluwer Update about CCH 9-15-2020 Efling Situation Read More »
Yesterday was the September 15, 2020, tax deadline for extended partnerships and s-corporation returns that are filed on Forms 1065 and 1120-S. During the afternoon yesterday, the efile system for the Wolters Kluwer CCH Axcess system went down. It was a complete outage. I’m writing my own post about our experience and thoughts, but I
Wolters Kluwer CCH responds to September 15th “Efiling Situation” Read More »
The IRS has a program to help taxpayers prevent unauthorized use of their Social Security Number and the filing of fake tax returns. Once enrolled, the taxpayer uses this the Identity Protection PIN, frequently shortened to IP PIN, to make sure no one files a tax return with their information on it without their knowledge.
IRS Identity Protection PIN Read More »
Hopefully you’ve heard on the news that there is now a formal settlement for the 2017 data breach of Equifax. This settlement is huge, and $425 million of the settlement is earmarked for individuals affected by the breach. (Jump to the conclusion section for my recommendations) Background Back in 2017, Equifax had a huge data
Equifax Data Breach Settlement – what you need to know and do Read More »