TAXWARE ANNUAL SEMINAR 2021
Below you will find all the recordings, additional information as well as a list of the prize winners for each session. This page will be updated with additional recordings and information over the week of the seminar.
Security tip for tax pros: Remember to safeguard EFINs
Tax professionals are prime targets for criminals. These criminals not only want to steal client data, but also the professionals’ data, such as their electronic filing identification numbers.
A thief who breaches the data of just one tax return preparer can get their hands on lots of other data. In fact, they can get personal info on hundreds or even thousands of people.
Small security measures that make a big difference when it comes to online safety
Cybercrime is a constant concern in the online world which means everyone must be mindful of risks when they share devices, shop online and interact on social media. While this may seem overwhelming, it doesn’t have to be. A few small security measures can lower the risk of exposure to online safety threats.
National Tax Security Awareness Week, Day 5: Security Summit partners remind businesses to tighten security; be aware of steps to help prevent, protect data loss
WASHINGTON – The Internal Revenue Service, state tax agencies and the nation’s tax industry urged businesses to be alert to cyberattacks aimed at gaining access to business data and customer information and be aware of steps to help them on tax-related issues related to identity theft.
Advance Child Tax Credits Due Diligence
Did you know?
Advance Child Tax Credits that were part of 2021 tax returns contain details that can easily be noted in the Wintax Due Diligence feature. Why not maximize our Due Diligence option to be sure you are maintaining information most important for your records? This feature not only allows you to craft your own sets of questions, but also saves any data you input about your clients for use in next year’s returns. You can store up to 9 additional “yes/no” Due Diligence questions. Plus, there is space for more notes! These questions and answers are not transmitted to the IRS during E-File. They are for your reference in case of an audit or other line of inquiry.
IRS reminds tax professionals that it’s time to renew PTINs
WASHINGTON — The Internal Revenue Service reminds the more than 759,000 federal tax return preparers they must renew their Preparer Tax Identification Numbers (PTINs) now for 2022. All current PTINs will expire Dec. 31, 2021.
Tax pros: Watch for tell-tale signs of identity theft
All tax professionals should learn the signs of data theft so they can react quickly to protect clients.
During this summer’s campaign Boost Security Immunity: Fight Against Identity Theft, the IRS and its Security Summit partners remind tax pros to contact the IRS immediately when there’s an identity theft issue. They should also contact insurance or cybersecurity experts to assist them with determining the cause and extent of the loss.
Custom Client Grid
The custom client grid is a returning feature from our Legacy Wintax software. It allows you to customize which columns of information show up on your Recall Client grid to better suit your needs.
Here’s how tax pros can help clients battle unemployment related identity theft
As part of this year’s summer campaign Boost Security Immunity: Fight Against Identity Theft, the IRS and its Security Summit partners outlined ways tax pros can help clients victimized by unemployment compensation fraud schemes.
Information Regarding Child Tax Credit Advance Payments External Inbox
With the announcement of the Child Tax Credit advance payments, we felt the need to add an additional client listing report and excel export option. This is to aid you in your communication efforts with your clients and offer applicable notifications and advice.
The IRS is sending some letters to taxpayers with additional information and has set up www.irs.gov/childtaxcredit2021 that offers more details and the ability to opt out. This webpage also has tools for non-filers to enter their information.
