article thumbnail

IRS Suggests All Taxpayers Get IP PIN for More Security When Filing Taxes

CPA Practice

With the 2025 income tax filing season coming soon, the IRS is encouraging all taxpayers to take an important step to safeguard their identity by signing up for an identity protection personal identification number (IP PIN). After this date, the IP PIN system will undergo maintenance and will not be available again until early January 2025.

article thumbnail

How To Download Your IRS Account Transcript to Look Up Your Estimated Tax Payments (Updated Jan 2025)

Nancy McClelland, LLC

Once your account is created, log in, go to the IRSs Get Transcript page and click the “Sign into your online account” button (or the “Get Transcript Online” button, depending on which version of the screen you see). At this point, most of our clients already have ID.me

Tax 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to avoid Self Assessment penalties

Accounting Insight

Late filing The deadline for filing your Self Assessment tax return online is midnight 31 January 2025. Late payment The deadline for paying your tax (after doing Self Assessment) is also 31st January 2025. If you miss the deadline, you will have to pay a fixed, automatic late penalty of 100.

article thumbnail

After 'successful' season, new IRS problems loom: TAS

Accounting Today

Tasos Katopodis/Bloomberg Those numbers, the report adds, were despite the IRS workforce falling from some 102,000 employees to fewer than 76,000, a drop of about 26%, between the start of the 2025 filing season and June. © 2025 Arizent. All rights reserved. All rights reserved. All rights reserved.

article thumbnail

This Phishing Scam Gets an Identity Theft Expert ‘Really, Very Angry’

CPA Practice

But Cristescu flagged one way that scammers are taking this tool—which is designed to make people’s online accounts more secure—and using it to slither in. As a refresher, multifactor authentication is an added layer of protection that prevents data thieves from logging into your accounts if they have your username and password.

article thumbnail

W-2 and 1095-A Forms Added to IRS Individual Online Account Tool

CPA Practice

27 that it's adding the two information return documents to its IRS Individual Online Account tool, which the agency said will consolidate important tax records into one digital location. The IRS said Feb.

article thumbnail

IRS Boasts New and Improved Online Tools and Digital Services For Taxpayers

CPA Practice

This progress can be seen in our continued expansion of our online accounts to provide more features, increased use of new digital tools, and additional special activities to help taxpayers in-person. Complete the Pending Installment Agreement process within Online Account without having to be re-routed to a separate application.