Tax Professional Awareness Week - January 8, 2024
Tax Professional Awareness Week is the IRS's strategic initiative commencing on January 8, heralding the impending 2024 tax filing season. This dedicated week serves as a comprehensive guide for tax professionals, equipping them with insights to navigate the intricacies of the upcoming filing season and establish a solid foundation for 2024.
Know What to Expect During the Filing Season
This initiative underscores the IRS's steadfast commitment to supporting both taxpayers and the tax community. Annually, a substantial number of taxpayers seek the expertise of tax professionals for the meticulous preparation of their federal tax returns and other requisite filings.
Noteworthy is the reliance of many eligible taxpayers on tax professionals, especially for the accurate filing of returns involving refundable credits such as the Earned Income Tax Credit or Child Tax Credit. The IRS emphasizes the critical importance for taxpayers to exercise due diligence in selecting reputable tax professionals, providing additional resources to facilitate this decision-making process.
Key Topics for Tax Pros
Throughout Tax Professional Awareness Week, the IRS will focus on key topics frequently encountered by tax professionals, disseminating information through social media posts and outreach materials. These encompass:
due diligence issues
Electronic Filing Identification Numbers (EFINs)
Preparer Tax Identification Numbers (PTINs)
E-file, E-Services
Identity theft
Two pivotal webinars are scheduled for the week:
Wednesday, January 10: Addressing Frequently Asked Questions on Due Diligence
Friday, January 12: Navigating the Rules of Refundable Tax Credits
These webinars will feature valuable information on additional resources, training, and tools available at no cost to tax professionals through the online Tax Return Preparer Toolkit. Attendees will have the opportunity to earn Continuing Professional Education credits for participating in the live webinars.
In addition to IRS-hosted webinars, Tax Professional Awareness Week will encompass various training opportunities, including courses, seminars, or expos presented by esteemed members of the tax professional community such as the Texas Society of CPAs, the University of Minnesota, and the University of Michigan.
For detailed information, kindly visit Tax Professional Awareness Week.
Disclaimer: This article is for informational and educational purposes only and does not constitute legal tax advice. Advanced Tax Solutions is not liable or responsible for any damages resulting from or related to your use of this information. It is your responsibility to refer to official IRS documentation for information regarding any tax laws or tax information shown here.
