Businesses that file 10 or more information returns must e-file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. For those with fewer information returns, e-filing Form 8300 is optional. To electronically file Form 8300, a
Seven warning signs of incorrect Employee Retention Credit claims
Some unscrupulous promoters have marketed misleading information about Employee Retention Credit eligibility rules to well-intentioned businesses. The IRS is highlighting seven suspicious signs and urging business to seek a trusted tax professional to resolve an incorrect claim while they still can without penalties or interest. There’s
Tax pros: Watch out for EFIN scams
A recurring scam this filing season targets tax professionals with a spearphishing email to collect their Electronic Filing Identification Numbers. Tax pros should be alert to this scam to protect their client data. How the scam worksThe scammer poses as