The Progressive Accountant

The Progressive Accountant

IRS Tests Streamlining Installment Requests

The Internal Revenue Service is testing expanded criteria for speeding processing of requests for installment agreements. The test is scheduled to run through Sept. 30, 2017 and will provide more taxpayers the ability to qualify for streamlined processing of requests and the changes could be made permanent based on results.

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ProSystem for Small Firms Launched

Kerri  Gibson, Wolters KluwerWolters Kluwer Tax and Accounting has introduced CCH ProSystem fx for Small Firms. The company describes the product as a bundle of ProSystem modules for small firms who prepare simple and complex tax returns and offer year-round services. The introduction gives it three tax preparation applications that address the small firm market.

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IRS Warns Tax Pros of Computer Attacks

John Koskinen, IRSThe Internal Revenue Service this week warned tax professionals of new attacks that allow identify these to take over their computers remotely. The IRS reported about two dozen cases in which practitioners' computers were hijacked in order to file fraudulent tax returns. No details were given on the number of any phony returns that might have been filed.

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