In this issue:
- Tax Pro Account – A new version of something old
- Data Security – Are you taking it seriously?
- Time to Sharpen the Saw
This is Dan this week. I am going to keep it short as today is my 27th wedding anniversary and I am going to spend a wonderful day with my wife.
Tax Pro Account – A new version of something old
The IRS released recently that tax professionals can input a Form 2848 and gain immediate access to a client/taxpayer’s tax account. You can access the Tax Pro Account page at irs.gov with this link.
If you already have an eservices account, then there is nothing special for you to do. Just login like you were accessing your online eservices account.
The trick here is that your client also has to have an online IRS Account, which they can do here. If they cannot access an IRS online account, you have to do it the old fashioned way.
This new access is an offshoot of the old DA (Direct Authorization) system, where we could access our eservices account and input directly the Form 2848 and have immediate access to IRS transcripts. The IRS took this away in 2015 due to the risk and potential for fraud. Glad to see there are bring this back, in a new form. Only time will tell to see how successful (or stressful on us) this will be.
I suggest you read the info on the Tax Pro Account page as well as the online IRS Account page in grave detail so you understand the process. It will make life so much easier if you can access the transcripts now than waiting for the CAF to process your POA or waiting hours to talk to PPS.
Data Security – Are you taking it seriously?
I have been attending the IRS Tax Forum for almost the last 13 years. As an experienced tax pro, I don’t learn a ton of new things, but I do get a few good nuggets of information each year. There are also a number of topics that you see year after year that you have to get the feeling they are trying to tell you something.
Data Security is just one of those topics. If you are not already getting enough emails (yeah, I know that is an LOL moment), then I suggest you sign up for … Continue reading