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The IRS has a message for tax preparers. They recently shared a concern about a rise in identity theft attempts against employers.
Three times in three years, and it continues to be modified annually: that’s how often the Internal Revenue Service has changed Form 2848.
When you’re in business long enough you notice changes in filing status among some of your clients from year to year. Clients who were married last year might be separated or divorced the next time they file.
Have you filed your clients’ extensions for 2017? Hope so because they are past due according to the tax code. By the way, did you get all the information you need to estimate their taxes due?
Filing sooner rather than later is especially important because the late-filing penalty on unpaid taxes adds up quickly. Depending on how much is owed, that could be a pretty hefty sum.