Archive | Washington Hotline

Washington Hotline – September 12, 2017

WASHINGTON NEWS Prepare for Hurricane Irma Thousands of Florida and Georgia residents are preparing for Hurricane Irma. At publication time, the category four hurricane is expected to cause widespread damage in both states. In IR 2017-145, the Service offered tips for September’s National Preparedness Month. The IRS and Federal Emergency Management Agency (FEMA) urge all […]

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Washington Hotline – September 5, 2017

WASHINGTON NEWS Tax Reform ‘Blueprint’ Promised Treasury Secretary Steven Mnuchin has been holding “Big Six” meetings to plan tax reform. The “Big Six” are Treasury Secretary Steven Mnuchin, White House Economic Council Director Gary Cohn, Senate Majority Leader Mitch McConnell, Speaker of the House Paul Ryan, Senate Finance Committee Chair Orrin Hatch and House Ways […]

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Washington Hotline – August 9, 2017

WASHINGTON NEWS IRS Suggests Defenses Against Ransomware The IRS is continuing to warn tax advisers to take protective action against ransomware. This week the IRS published specific steps to avoid becoming victimized by ransomware. In a ransomware attack, cybercriminals will download malware on your computer. The malware encrypts your files. Because you lose access to […]

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Washington Hotline – August 1, 2017

WASHINGTON NEWS Personal Identity Theft Down, Business Up In IR 2017-123, IRS Commissioner John Koskinen reported significant success in reducing personal identity theft. From January to May of 2016, 204,000 taxpayers reported being victims of identity theft. However, for the first five months of 2017, the number of identity theft victims declined 47% to 107,000 […]

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