Protect Your Clients: Security Summit Partners Warn Tax Pros of Cybercriminals, Launch New Awareness Tips

WASHINGTON — The Internal Revenue Service, state tax agencies and the tax industry today warned tax professionals of the continuing threat from cybercriminals and launched a series of security tips to encouraging stronger measures to protect taxpayer data. The Security Summit partners note that cybercriminals worldwide are actively targeting tax professionals in an effort to…

IRS extends deadline for mailing 1095 forms

IRS Notice N-2016-70 has extended the deadline for mailing the 2016 reporting year 1095 Forms from January 31st, 2017 to March 2nd, 2017. Importantly, the notice only extends the deadline for mailing the forms to employees and plan participants, and it does not extend the deadline for electronically transmitting the reporting data to the IRS. The…