IRS Unveils 2024 Nationwide Tax Forum Agenda with 45 Seminars

The Internal Revenue Service (IRS) has announced the agenda for the 2024 Nationwide Tax Forum, which will feature 45 seminars aimed at enhancing the skills of tax professionals. This year’s forum, which includes contributions from the IRS and leading tax associations, will cover a broad spectrum of topics designed to help tax professionals better serve their clients.

Diverse Seminar Topics and Keynotes

The 2024 agenda will encompass subjects such as tax law updates, managing client examinations, digital assets, the Secure Act 2.0, the Employee Retention Credit, and clean energy credits. Highlighting the forum will be a keynote address and plenary session where IRS leadership will discuss ongoing efforts to improve service and transform enforcement and compliance activities.

Focus on Cybersecurity and Fraud Prevention

In addition to regular tax law updates and ethics courses, this year’s forum will feature two panel discussions on cybersecurity: “Tax Pros and Security Real-Life Threats and Steps to Protect Your Business” and “IRS Security Summit and the Written Information Security Plan.”

Experts from the Pell Center will also present a session titled “Cybersecurity for Tax Professionals,” and three more seminars will focus on combating abusive scams, schemes, and fraud.

Special Events and Sessions

Apart from the regular seminars, attendees can join special events such as:

  • Practice Management
  • Scams and Schemes Panel Discussion with CERCA
  • National Taxpayer Advocate Town Hall
  • Beneficial Ownership Information Reporting

Bilingual Offerings and Continuing Education Credits

Six of the forum’s most popular topics will be presented in both English and Spanish. Attendees can earn up to 19 continuing education credits by participating in one of the five forums held on the dates and locations listed below.

IRS Nationwide Tax Forum Dates and Locations

The forums will take place in:

  • Chicago, IL: July 9-11 (Standard rate deadline: June 25)
  • Orlando, FL: July 30-August 1 (Standard rate deadline: July 16)
  • Baltimore, MD: August 13-15 (Standard rate deadline: July 30)
  • Dallas, TX: August 20-22 (Standard rate deadline: August 6)
  • San Diego, CA: September 10-12 (Standard rate deadline: August 27)

Registration and Early Bird Discount

Tax professionals are encouraged to register by 5 p.m. ET on June 17 to benefit from the early bird rate of $255 per person, a savings of $54 off the standard rate and $135 off the on-site registration rate. After 5 p.m. ET on June 17, the standard pricing of $309 will apply until two weeks before the start of each forum (see above).

Association Discounts

Members of the American Bar Association (ABA), American Institute of Certified Public Accountants (AICPA), National Association of Enrolled Agents (NAEA), National Association of Tax Professionals (NATP), National Society of Accountants (NSA), and National Society of Tax Professionals (NSTP) can save an additional $10 off the early bird rate if they register by June 17.

For detailed information and registration, visit

Article provided by Taxing Subjects.

Drake Software® Wins Again in CPA Practice Advisor Awards

Consistency  and reliability are paramount in the world of tax and accounting software—and with the publication of the 2024 CPA Practice Advisor Readers’ Choice Awards results, Drake Software has good reason to celebrate. According to the CPA Practice Advisor, “In keeping with recent years, Drake Software continues to inspire the users of its tax prep, planning, management, and other systems to vote in high numbers.”

After maintaining a winning streak in various categories for an impressive 18 consecutive years, the following solutions from Drake Software were voted #1 in 2024:

  • Drake Tax® – Tax Preparation Software
  • Drake Tax® Planner™ – Tax Planning Systems
  • Drake Accounting® – 1099/W-2 Preparation
  • Drake Portals™ – Client Portals for Firms
  • Drake Documents® – Document Management and Storage
  • SiteDart Hosting™ – Website builders
  • DrakeCPE® – CPE provider
  • Drake Hosted™, powered by Rightworks™ – ASP/Hosted Solution Providers

This impressive sweep across multiple categories underscores Drake Software’s commitment to excellence and innovation in both the flagship Drake Tax product and its ecosystem of integrated tax preparation solutions.

Curious to experience Drake Tax in action? Sign up for a free trial today and discover firsthand why countless tax professionals rely on Drake Software for their tax and accounting needs.

Article provided by Taxing Subjects.

ERC Voluntary Disclosure Program Deadline is March 22

Many businesses, enticed by misleading information, have found themselves unwittingly in non-compliance with ERC regulations. The IRS has urged tax preparers to act soon to verify their compliance, emphasizing the need for proactive review and correction.

To help tax preparers who are victims of misinformation, the IRS established the ERC Voluntary Disclosure Program. This program offers an opportunity for businesses to rectify erroneous filings by repaying only 80% of the claimed amount. Additionally, for claims pending processing, prompt action is advised to initiate the withdrawal process if eligibility criteria are not met.

The March 22 deadline for the Voluntary Disclosure Program is swiftly approaching, however, so it is imperative that businesses reassess their claims. 

Seven warning signs of ERC non-compliance

The genesis of these cautionary measures lies in the deceptive marketing tactics employed by certain entities, which oversimplified ERC eligibility requirements. The IRS has highlighted seven key warning signs indicative of potentially erroneous claims, drawing attention to common pitfalls.

  1. Excessive Quarters Claimed: Claiming ERC for all available quarters without meeting eligibility criteria.
  2. Misinterpretation of Government Orders: Erroneously claiming ERC based on government orders without proper qualification.
  3. False Reliance on OSHA Communications: Incorrectly citing Occupational Safety and Health Administration (OSHA) communications as grounds for ERC eligibility.
  4. Inaccurate Employee Count and Calculations: Overclaiming by including ineligible wages or miscalculating credit amounts.
  5. Unsubstantiated Supply Chain Disruptions: Erroneously attributing ERC eligibility to supply chain disruptions without meeting requisite conditions.
  6. Misrepresentation of Tax Period Coverage: Falsely claiming ERC for entire tax periods without meeting suspension criteria.
  7. Nonexistent or Ineligible Business: Claiming ERC for periods when no wages were paid or when the business did not exist. 

Businesses must exercise caution and seek guidance from reputable tax professionals to navigate the complexities of ERC claims. It is essential to avoid promoters who fail to request detailed business records or exhibit a lack of understanding of eligibility criteria.

Tax preparers are responsible for staying informed and ensuring accurate ERC claims. The IRS provides valuable resources, including FAQs and an ERC Eligibility Checklist, to aid in understanding eligibility criteria. By leveraging these resources and fostering a proactive approach, tax preparers can protect themselves against ERC fraud and penalties for non-compliance.


Source: IR-2024-39

Article provided by Taxing Subjects.

IRS Warns Tax Preparers of EFIN Documentation Scam

Tax season is in full swing, and with it comes a surge in scams targeting tax professionals. The Internal Revenue Service (IRS) and Security Summit partners have issued a warning about a new email scam that impersonates various software companies, aiming to steal Electronic Filing Identification Numbers (EFINs). These scams pose a serious threat to both tax professionals and their clients, potentially leading to identity theft and fraudulent tax filings.  

What is the EFIN documentation scam? 

This recently growing scam involves fraudulent emails masquerading as communications from tax software providers. The emails request EFIN documents from tax professionals under the guise of a required verification process to transmit tax returns.  

Unsuspecting victims who fall for this scam risk exposing sensitive client data and their own identities to malicious actors.  

What is the IRS doing to mitigate the threat? 

In response, the IRS is taking proactive measures to educate and protect tax professionals. Special educational webinars begin on February 12th, aimed at providing crucial information and strategies to combat this scam.  

IRS Commissioner Danny Werfel emphasized the importance of remaining vigilant during this busy period, urging tax professionals to prioritize security measures within their practices.  

How active is the EFIN documentation scam? 

The IRS has already received numerous reports of this scam targeting tax professionals. Signs of a potential scam email include requests for EFIN documents via fax, instructions to obtain EFIN documentation from the IRS e-Services site, and inconsistencies in the email wording. Tax professionals who receive such emails are advised not to respond or take any action outlined in the message.  

One example of the fraudulent email includes instructions to fax EFIN documents to a specified number, along with warnings that failure to comply will result in an inability to transmit tax returns: 

Dear [recipient_email_address], 

Help us protect you. 

Because many Electronic Filing Identification Numbers (EFINs) are stolen each year and used to file fraudulent tax returns, the IRS has asked software vendors, such as Software A, to verify who the EFIN owner is by getting a copy of the IRS issued EFIN document(s). Our records show that we do not have a document for one or more of the EFINs that you transmit with. 

What this means for you: Until your EFIN is verified, you will be unable to transmit returns. Please provide a copy of your EFIN Account Summary from IRS e-Services, with a status of ‘Completed’, to Software B for verification. 

To send us your EFIN Summary document: 

  1. Fax to Software B at 631-995-5984 


If you do not have the above documentation you can get a copy of your IRS Application Summary from IRS e-Services by following the below steps or call the IRS e-Services helpline at 866-255-0654. 

  1. Sign in to your IRS e-Services account
  2. Choose your organization from the list provided and click Submit
  3. Click the Application link to access your existing application
  4. Click the e-File Application link
  5. Select the existing application link that applies to your organization
  6. Click the Application Summary link for the area of the application you wish to enter
  7. Click the Print Summary link at the bottom of the summary presented on the screen 

If you have any questions please contact the Compliance Department at xxx-xx-xxxx for assistance. 

Thank you for your business. We look forward to serving you this coming season. Software B (edited) 

What will the IRS webinars on the EFIN scam cover? 

Tax professionals are encouraged to attend the upcoming webinars hosted by the IRS, where cybersecurity experts will provide valuable insights and guidance. These sessions will equip professionals with the knowledge needed to identify and prevent potential scams, ensuring the security of their clients’ data and their own identities.  

What else can tax professionals do to avoid becoming victims? 

In addition to attending webinars, tax professionals are advised to remain vigilant against other phishing scams targeting EFINs, PTINs, and e-Services credentials. The IRS stresses the importance of promptly reporting any suspicious activity to the appropriate authorities, including the Treasury Inspector General for Tax Administration (TIGTA) and local IRS Stakeholder Liaisons.  

As tax-related identity theft scams continue to evolve and proliferate, tax professionals must stay informed and proactive in safeguarding sensitive information. By remaining vigilant and taking proactive measures, tax professionals can help protect themselves and their clients from falling victim to these fraudulent schemes.  

For more information and resources on identity theft prevention, tax professionals can visit the IRS’s Identity Theft Central and refer to Publication 4557, Safeguarding Taxpayer Data. Stay informed, stay vigilant, and stay protected during this tax season and beyond. 


Source: IR-2024-36  

Article provided by Taxing Subjects.

Victims of ERC Fraud Can Use Voluntary Disclosure Program Through March 22

The Employee Retention Credit (ERC), initially introduced as part of the CARES Act in 2020 and extended through subsequent legislation, aims to provide financial relief to businesses impacted by the COVID-19 pandemic. However, claiming this credit requires adherence to specific criteria outlined by the IRS. In light of this, the IRS has issued a reminder urging businesses to review their qualifications for the ERC diligently.

What is the Voluntary Disclosure Program?

For those who may have erroneously claimed the credit without meeting the eligibility requirements, the IRS has provided a lifeline in the form of the Voluntary Disclosure Program. This program offers a pathway for businesses to rectify their claims before the impending March 22 deadline, thereby avoiding potential penalties and interest on incorrect filings.

The Voluntary Disclosure Program will be open until March 22, 2024, with provisions from the IRS that allow businesses to repay just 80% of the claim received—considering that ERC promoters frequently took around 20% of the payment. The program is a crucial opportunity for businesses to proactively address any discrepancies and ensure compliance with tax regulations.

What if my ERC claim is already pending?

Additionally, recognizing the complexity and uncertainty surrounding ERC eligibility, the IRS has introduced a special withdrawal program for employers with pending claims and concerns about their eligibility status. This program offers a means for affected employers to reassess their situation and withdraw their claims if necessary, mitigating the risk of penalties and repercussions down the line.

Will there be any special training on ERC qualification?

The Criminal Investigation (CI) division of the IRS is launching a nationwide initiative aimed at bolstering tax professionals’ understanding of the ERC. This initiative underscores

the IRS’s commitment to ensuring that tax professionals have the knowledge and resources necessary to navigate ERC claims effectively and accurately.

CI special agents will host a series of educational sessions tailored specifically to tax professionals at field offices throughout the United States. These sessions, scheduled for February 2024, will serve as comprehensive workshops covering various aspects of the ERC, including eligibility criteria, documentation requirements, and best practices for compliance and accurate reporting.

What sets these sessions apart is the targeted focus on tax professionals who have previously claimed ERCs for their clients on past tax returns. By tailoring the content to experienced professionals, the sessions aim to provide advanced insights and strategies that can enhance their ability to serve clients effectively.

Attendees can expect CI special agents to walk them through ERC eligibility criteria in detail, provide guidance on the documentation requirements necessary to substantiate ERC claims, and ensure that attendees are well-equipped to navigate the documentation process with confidence.

These educational sessions will also delve into best practices for compliance and accurate reporting, offering practical tips and strategies to mitigate the risk of errors or discrepancies in ERC filings. With CI special agents leading the discussions, attendees will benefit from firsthand insights and expertise derived from their extensive experience in tax enforcement.

The CI-lead workshops will take place in at least 23 U.S. states and the District of Columbia, ensuring widespread accessibility for tax professionals nationwide. Invitations to attend will be distributed via mail through the U.S. Postal Service, providing recipients with all the necessary details to participate in these invaluable educational sessions.

Is the IRS still processing new ERC claims?

On September 14th, the IRS announced a moratorium on processing new ERC claims, signaling a pivotal shift in approach aimed at safeguarding against potential fraud and ensuring the integrity of the credit.

During the four-month moratorium period, the IRS is doubling down on efforts to implement robust fraud protection measures. These measures are deemed necessary before the IRS can confidently resume processing new ERC claims. While a specific

resumption date has not yet been determined, the IRS remains steadfast in its commitment to fortifying the ERC program against abuse and exploitation.

It’s important to note that while new ERC claims are temporarily on hold, the IRS continues to process claims submitted before the moratorium went into effect. However, these claims are subject to enhanced scrutiny and are being processed at a significantly slower rate compared to previous procedures. This cautious approach underscores the IRS’s dedication to rooting out fraudulent claims and safeguarding businesses and organizations from potential financial harm.

Since the announcement of the moratorium in September, the IRS has grappled with processing over $1 billion in ERC claims. Enhanced compliance reviews are being conducted to meticulously scrutinize claims submitted before the moratorium, ensuring that only legitimate claims receive approval. This rigorous review process is crucial in combatting fraud and protecting taxpayers from the consequences of erroneous or fraudulent claims.

At Drake Software, we understand the challenges businesses face in navigating the intricate landscape of tax regulations. That’s why we’re committed to making sure our clients are equipped with the resources they need to make informed decisions and maximize their tax benefits while staying compliant.

Sources: IR-2024-21, IR-2023-193

Article provided by Taxing Subjects.