This week’s podcast discusses, among other timely federal tax headlines, the latest phishing scam targeting tax professionals, which uses spoofed emails from education providers. You can listen to the podcast here and read the corresponding notes here. To stay current on federal tax updates, visit our podcasts page, where we upload a new episode each week.
News
CPA License Renewal Deadline is June 30
The deadline for North Carolina CPAs to renew their CPA licenses is June 30, 2017. The renewal must be completed online through the Board’s website, www.nccpaboard.gov. Instructions are available online. If you have questions about the renewal process, please contact Buck Winslow at buckw@nccpaboard.gov.
Security Summit Warns of New Phishing Email Targeting Tax Pros
WASHINGTON – The IRS, state tax agencies, and the tax industry today warned tax professionals to beware of phishing emails purporting to be from a tax software education provider and seeking extensive amounts of sensitive preparer data. The email’s origin is unknown but likely issued by cybercriminals who could be operating from the US or […]
PTIN System Has Reopened
On June 1, 2017, the United States District Court for the District of Columbia upheld the Internal Revenue Service’s authority to require the use of a Preparer Tax Identification Number (PTIN), but enjoined the IRS from charging a user fee for the issuance and renewal of PTINs. As a result of this order, PTIN registration […]
Tax Alert on Conference Budget Bill Provisions
The association received an important Tax Alert from our legal counsel, Smith Anderson. Bill Nelson, a partner at the firm, outlined the tax provisions contained in the conference budget bill released by the General Assembly yesterday morning. This PDF version of the complete Tax Alert focuses on the following four sections: 1. Personal Income Tax […]
Mobile Workforce Legislation Passes US House, with Backing of Reps. Pittenger and Walker
The U.S. House of Representatives has passed the Mobile Workforce State Income Tax Simplification Act of 2017, H.R. 1393, which is intended to simplify state income tax reporting and withholding rules for employees who sometimes work outside their home states. The bipartisan legislation had the active backing of North Carolina’s U.S. Representatives Robert Pittenger and […]
NCACPA Chair to Appear on UNC TV Segment on State and Federal Tax
Rollin Groseclose, Chair of the NCACPA Board of Directors, will be featured as a guest panelist on the UNC TV segment Bottom Line, on Friday, June 23 at 10:00 pm. Rollin, along with co-panelists Bill Nelson of the Smith Anderson law firm, and Dr. Mike Walden of North Carolina State University, will answer questions and provide […]
New Podcast | 6-19-17
This week’s podcast discusses a case in which the Tax Court determined a taxpayer can obtain information on the payment of tax by contractors from the IRS in an employment tax dispute, but only during the court dispute. You can listen to the podcast here, view the video version here, and read the corresponding notes here. To stay […]
New Podcast | 6-12-17
This week’s podcast discusses the automatic late portability election relief procedure published by the IRS, in addition to other timely news in the world of federal tax. You can listen to the podcast here, view the video version here, and read the corresponding notes here. To stay current on federal tax updates, visit our podcasts page, where we upload a new […]
CEO Recap—NCACPA Capitol Hill Visit
In late May, a delegation of NCACPA leaders attended AICPA Spring Council in Washington, DC, and also met with legislators on Capitol Hill to advocate in several areas impacting association members. In the video below, CEO Sharon Bryson recaps the topics discussed, as well as the outcomes. The top three issues of focus included federal […]