Latest spearphishing scams target tax professionals

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WASHINGTON – With tax season in full swing, the Internal Revenue Service, state tax agencies and tax industry today warned tax professionals of new email scams that attempt to steal their tax software preparation credentials.

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Basic 8915-F Instructions for 2021

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Basic 8915-F Instructions for reporting 1/3 of the 2020 Gross Distribution in 2021. 

Typical scenario: 

In 2020 the Taxpayer took a distribution of 60,000 from a Non IRA retirement account and he also took a 30,000 distribution from an IRA. For 2020 form 8915-E was filed and 1/3 of these distributions were included in the 2020 tax return. 

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