Being able to securely send and receive documents with sensitive client information is vital. Sending such documents as email attachments without passwords exposes client information to identity thieves. Even if practitioners put passwords on email attachments, clients often send sensitive documents without such passwords. Therefore, practitioners can provide a secure portal to allow clients t...
The IRS has confirmed its plans to retire the Filing Information Returns Electronically (FIRE) system used for e-filing 1099s. In a September 20, 2026, email, the IRS warned that there were 60 days left until the FIRE system is retired. Until now, in recent years, there have been two systems available to electronically file Forms 1099, the FIRE system and the Information Returns Intake SystemÂ...
Recently, the IRS began sending informational letters to certain taxpayers regarding the new Saver’s Match that will replace the Saver’s Credit beginning in the 2027 tax year. The letter requires no action, but it can create questions for those clients who may receive it. Beginning in 2027, the credit for qualified retirement savings contributions that is currently reported on Form 8880 wi...
