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  • 14 Feb 2024 9:52 AM | MaSEA Staff (Administrator)

    With a key March deadline quickly approaching, the Internal Revenue Service highlighted special warning signs that an Employee Retention Credit (ERC) claim may be questionable to help small businesses that may need to resolve incorrect claims.

    The agency alerted businesses about seven suspicious warning signs that could signal future IRS problems involving ERC claims. The indicators, built on feedback from the tax professional community and IRS compliance personnel, center on misinformation some unscrupulous ERC promoters used. Many of these groups urged taxpayers to ignore advice from trusted tax professionals and claim the pandemic-era credit even though they may not qualify.

    Click here to read more.


  • 12 Feb 2024 9:28 AM | MaSEA Staff (Administrator)

    There are other scholarships available through the National Association or Enrolled Agents Education Foundation for members looking to further 

    "Aspiring tax professionals must pass all three parts of a rigorous 3-part test (Special Enrollment Exam or SEE) before they can apply to be licensed by the IRS as Enrolled Agents," according to the NAEA. "The NAEA Education Foundation provides scholarships to these experienced tax professionals in the form of comprehensive review courses, training material, and reimbursement of third-party Prometric testing fees. The Foundation strives to provide mentors to each aspiring tax professional who is awarded a scholarship to offer suggestions to help guide them through the Enrolled Agent process."

    The next scholarship window opens in April. You can find out more about what scholarships the education foundation offers on the their website: https://www.naea.org/naeas-education-foundation/#1686758837779-2864a7f6-365e


  • 12 Feb 2024 9:27 AM | MaSEA Staff (Administrator)

    The MaSEA is offering our members several scholarships that can help to advance their tax expertise. Scholarship applications are being accepted from now until May 14, 2024.

    The following scholarship are available: 

    NTPI Barbara Durkin Memorial Scholarship Award-This award is for National Tax Practice Institute (NTPI). The scholarship can be used for online or in person. Parts 1,2,3, or fellow graduate levels. Travel and lodging are not included. 

    NIPI Joanne Wright Memorial Scholarship Award-This award is also for National Tax Practice Institute and can be used for online or in person. Parts 1,2,3, or fellow graduate levels. Travel and lodging are not included. 

    Fall IRS Conference – Awards for the Fall IRS Conference includes conference fee and a Thursday overnight hotel stay. The recipient is expected to organize the MaSEA display table. 

    Leon Rudman Scholarship for New Members – This scholarship is for the 1040 Update. Only awarded to new members within first 2 years of joining. 

    MaSEA Conference Scholarship – this is for October 2024 MaSEA conference. EA Special Enrollment Exam Prep Course Scholarship 

    EA Special Enrollment Exam Registration Fee Scholarship as financial support options for aspiring enrolled agents. 

    NTPI Level one online Package scholarship for enrolled agents, CPAs, or tax attorneys interested in beginning their path to practicing IRS Representation. 

    If you are interested in any of the awards above, please submit a written essay explain why you would like the scholarship. Please forward to Al Juppe at aljuppe54@gmail.com. 

  • 7 Feb 2024 1:58 PM | MaSEA Staff (Administrator)

    The Internal Revenue Service announced the launch of a new page on IRS.gov explaining the Employer-Provided Childcare Tax Credit, an incentive for businesses to provide child care services to their employees.

    “This business tax credit helps employers provide their employees with child-care services and facilities,” said IRS Commissioner Danny Werfel. “We’ve heard that some employers may be overlooking this important credit, so the IRS has created a new one-stop shop for information on IRS.gov that provides an easy place to learn more.”

    Click here to read more.



  • 7 Feb 2024 1:54 PM | MaSEA Staff (Administrator)

    In an effort to provide more resources for taxpayers during this filing season, the Internal Revenue Service today revised frequently asked questions (FAQs) for Form 1099-K, Payment Card and Third Party Network Transactions, in Fact Sheet 2024-03PDF.

    The revised FAQs provide more general information for taxpayers, including common situations, along with more clarity for industry and what organizations should send Forms 1099-K. The FAQs are in addition to a recently updated Understanding your Form 1099-K on IRS.gov page and other communications resources.

    Click here to read more.


  • 7 Feb 2024 1:54 PM | MaSEA Staff (Administrator)

    The Financial Crimes Enforcement Network (FinCEN) issued a final rule on January 25, 2024, to reflect annual inflation adjustments to its civil monetary penalties as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended. This rule adjusts certain maximum civil monetary penalties within the jurisdiction of FinCEN to the amounts required by that Act.

    Click here to read more.


  • 20 Jan 2023 9:13 AM | MaSEA Staff (Administrator)


  • 30 Nov 2022 1:24 PM | MaSEA Staff (Administrator)

    Much of what follows was extracted from the Security Summit Presentation by IRS Tax Practitioner Stakeholder Liaison Jill Maniacci. 

    Take extra steps during the holiday season to protect yourself, your clients and your business against fraudsters. Visit IRS.gov/securitysummit to learn about the extra preventative steps that every tax professional should take.

    Scams are annually on the increase during the tax filing season. Watch out for fake e-mails. Never click on an imbedded hyperlink. These scams leverage common public information about you to con you out of personal and financial information. 

    Remember that the IRS does not email or call taxpayers to demand payments or release refunds. Nor does the IRS want prepaid gift cards or wire transfers. The IRS does not ask for social media, login credentials

    Scams often include urgent messaging that require you to re-authenticate login information. Some scams hide behind a screen, such as the employee/W2 Identity Theft Central Operations. The IRS does offer an Identity Theft Central Business section. Tax professionals should familiarize themselves with the IRS operation at IRS.gov.

    The elderly and all non English proficient Americans are most commonly targeted for contact scams. All taxpayers and tax professionals are subject to email scams.

    Scam emails might be similar to a familiar style, but can be poorly written, include an attachment, include a suspicious source email address. Forward such unsolicited emails to Phishing@IRS.gov and then delete. These scam emails often install malware on your computer. A common tactic is underlined with an expired software license or failed bank deposit.

    Use string passwords, at least 12 upper and lower case letters mixed with numbers and special symbols, such as 8rU1n5*And*r3ds0x.

    An e-filed rejection due to duplicate Social Security Number is an known sign of tax related ID theft, as is an IRS notice for a tax year that the taxpayer did not file a return for. File form 14039 and check out IRS.gov/IDTheft. The IRS sends letter to taxpayers about suspicious tax returns with phone and online contact information.

    All businesses, individuals and tax professionals should apply for an IP PIN at IRS.gov/IPPIN. IP PIN’s are valid for one calendar year and protect your federal tax account from ID theft.

    The Federal Trade Commission has published small business recommendations at FTC.gov. Search “CyberSecurity for Small Business” in the search phrase box.

    In summary:

    • Protect Files, even paper files.
    • Update Security Software
    • Encrypt devices, including Iphones and Icloud storage
    • Use multi-factor authentication
    • Secure your router
    • Train Your staff

    On your website pages that have message us features, imbed something like CAPTCHA to separate individual from machine generated contacts

    Contact Jill.A.Maniacci@IRS.gov for more information about Client Data Security.

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