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Tag: tax professionals

IRS Audit Help
Protecting Client Data: A Must for Tax Professionals

As a business owner, safeguarding client information isn’t just good practice—it’s a legal requirement. The IRS has recently introduced a Written Information Security Plan (WISP)

Identity Theft
Protecting Client Data: A Must for Tax Professionals

As a business owner, safeguarding client information isn’t just good practice—it’s a legal requirement. The IRS has recently introduced a Written Information Security Plan (WISP)

Business
Beware of Bad Tax Advice on TikTok: A Cautionary Tale

The Tax Court denied equitable relief to a taxpayer seeking Innocent Spouse Relief after his ex-wife improperly claimed deductions on their joint tax return. Despite meeting several conditions, the court ruled that the taxpayer’s lack of involvement in reviewing the return and claiming a refund undermined his claim of innocence.