Main Street Practitioner Blog

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  • Today, December 5, 2019, the IRS released the finalized version of the Form W-4 for 2020. The new form incorporates changes from the Tax Cuts and Jobs Act of 2017, which are designed to make withholding estimates easier. It also features minor edits, and revised language in "Your Privacy." Other changes ...

  • My house has a roof, windows, doors, locks, security system, insulation and a lot of other items that make my home safe.  Cyber security is no different from the safeguards I have in my home. I want up-to-date anti-virus software, firewalls, drive encryption, strong passwords, etc. to help maintain ...

  • NSA’s partner, Dashlane , shared this article with us about password safety in the aftermath of a data breach. Unfortunately, cyber security events of this kind are happening with increasing frequency. Just this month, shortly after launching, Disney+ was hacked, exposing the data of subscribers to ...

  • The Internal Revenue Service and the Security Summit partners opened this year’s National Tax Security Awareness Week with a warning for holiday shoppers on Cyber Monday to secure their computers and mobile phones to reduce the threat of identity theft. During the holiday season, criminals take advantage ...

  • TAX PROFESSIONAL PROTECTING YOURSELVES & YOUR CLIENTS Data security in your office to protect your data and the data of all your clients has never been more important. Every tax professional is a potential target of cybercriminals whose goal is to file fraudulent tax returns and create chaos ...

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    IRS Per-diem Guidance Updates

    On November 27, 2019 the Internal Revenue Service today issued updated guidance for business travelers, including changes resulting from the Tax Cuts and Jobs Act (TCJA).  Revenue Procedure 2019-48  updates the rules for using per diem rates to substantiate the amount of ordinary and necessary ...

  • IRS Notice 2019-59, published today, announced changes to dollar limitations applicable to qualified retirement plans as adjusted for cost-of-living adjustments for 2020. Now, employees enrolled in 401(k), 403(b), and the majority of 457 plans may contribute up to $19,500 towards their retirement. ...

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    Time to Renew PTINs

    The IRS would like to remind tax return preparers to renew their Preparer Tax Identification Numbers (PTINs) before they expire on December 31, 2019. “Last year we issued more than 813,000 PTIN’s and are asking tax preparers to renew now to avoid a last-minute rush,” said IRS Return Preparer Office ...

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    URGENT: Room Block Closing

    The Gear Up Room Block Closes October 14! Timing is running out to book your room for NSA’s Gear Up 1040!  Book your room by October 14 th , 2019 and take advantage of the group rate of $124/night!   NSA’s Gear Up 1040 is in Hartford, CT on November 14-15, 2019 at the DoubleTree Bradley ...

  • On October 7, 2019, the IRS announced that victims of Tropical Storm Imelda in parts of Texas (including the Houston area) have until January 31, 2020 to file various individual and business tax returns and make tax payments. The IRS is offering this relief to any area designated by the Federal Emergency ...

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