IRS verification of refundable credits can delay refunds and require extensive documentation. This article explains how our case team handled an IRS credit review from initial notice through final determination, resulting in the IRS closing the examination with no changes and releasing the taxpayer’s full refund.

Stay informed with our latest insights and expert outlook from our team at Protection Plus. In this article, take a deeper dive into topics highlighted in our December News Roundup. We cover new IRS proposed regulations under the One Big Beautiful Bill Act, congressional tax legislation activity, key guidance on expanded HSA rules, and developments impacting adoption tax credits.

Stay informed with our latest insights from our team at Protection Plus. In this article, take a deeper dive into the key developments from our November News Roundup. We cover the IRS’s transitional reporting relief for tips and overtime under the One Big Beautiful Bill Act, updated 401(k) and IRA contribution limits for 2026, changes to Roth 401(k) catch-up contributions, IRS staffing pressures, and the discontinuation of the Direct File program. Discover the implications of these updates for tax professionals and the practical steps to guide clients effectively.

Even diligent businesses can face unexpected IRS penalties. This article shares a real-world case in which our team helped a business avoid a $2,820 Failure to File penalty through the IRS First-Time Penalty Abatement program, demonstrating how rapid response and expert knowledge of IRS relief programs can secure a complete recovery and restore a client’s account to good standing.

Stay informed with our latest insights and expert outlook from our team at Protection Plus. In this article, take a deeper dive into topics highlighted in our October News Roundup. We look at how a recently passed law demands clearer error-notices from the IRS and the actionable steps for tax professionals to take next. We also discuss the IRS’s service-disruption amid the government shutdown, inflation-adjustments for tax year 2026, updated 1099-K thresholds and tip and overtime deduction guidance.

Cyberattacks continue to threaten tax and accounting firms, where sensitive financial data makes them prime targets. A single breach can lead to financial loss, reputational damage, and client distrust. This article shares a real-world case in which cyber insurance helped a tax professional recover $15,000 after a fraudulent wire transfer, demonstrating how rapid reporting, specialized coverage, and the right plan can safeguard your firm and ensure swift recovery from cybercrime.

Cyberattacks on financial firms continue to be a pressing issue, with damages reaching millions. A single breach can break trust, disrupt operations, and lead to severe legal penalties. This article explains why tax and accounting firms are prime targets, what it could cost you, and how proactive safeguards, compliance measures, and cyber insurance can protect your firm and clients.

Stay informed with our latest insights and expert outlook from our team at Protection Plus. In this article, take a deeper dive into topics highlighted in our September News Roundup. We cover the IRS’s new draft form for deductions, finalized Roth catch-up rules, and the end of paper checks. We also look at accounting method updates and IRS security alerts with actionable steps for tax professionals.