NCCPAP News

By Sandra G. Johnson, CPA, EA, CFE, National Education/MAP Committee Co-Chair Why Your Clients Should Choose a CPA Over Online Tax Software or National Tax Prep Chains As CPAs dedicated to serving small businesses and individuals, we know the value of personalized, professional service. However, in today’s environment, where online tax software and national tax preparation chains market themselves as convenient, low-cost solutions, it’s important to remind our clients—and potential ... Read More

Tax Update – October 2024 Appeals Division Update The IRS Appeals Division shared important updates on staffing and operational changes. As of September 21, 2024, the division has grown to 1,746 employees, with plans to hire up to 2,227 by the end of fiscal year 2025. The increase in hiring has temporarily affected cycle times, as new hires undergo training. However, the division is working to maintain low inventory levels during this period. The Appeals Division has five primary ... Read More

Tax Update – September 2024 IRS Collection Notices Resumed The IRS has resumed issuing collection notices. Taxpayers are strongly encouraged to respond promptly to initial notices to avoid escalations, including liens and levies. Failure to address these notices can lead to more severe collection actions. The IRS is committed to making these notices clearer and easier to understand. Taxpayers can explore options such as short- or long-term payment plans through the IRS's self-service ... Read More

Click below to read our latest issue of the Journal of the CPA Practitioner now! September 2024 - Journal of the CPA Practitioner #News

By Frank Sands CPA, National President, NCCPAP A lot has happened since I last spoke with you. The IRS has been busy with the release of changes to tax forms, instructions, and publications. Some changes of note are e-filing some amended employment tax forms, instruction corrections for Schedule 3 form 1040, form 8835 and 3468 renewable electricity production, Pub 1179 rules for 1096, 1098, 1099, 5498 and others, form 15293 disclosure consent, Pub 5533 regarding online accounts, etc. SCOTUS ... Read More

By Frank Sands CPA, National President, NCCPAP The big push of tax season has subsided. The tax returns that could be done are done, and extensions have been filed. This tax season proved to be difficult. Returns came in earlier than expected, and the information was often incomplete. We were happy to take a few days off! Our annual trip to Washington DC was scheduled for May 8-10. This year we stayed close to the Hill at the Yotel Washington DC on New Jersey Ave. It is a very modern minimalistic ... Read More