Federal Tax Post – 02/21/18

Audit raises concerns regarding employer identification number (EIN) applications. In a recent audit, the Treasury Inspector General for Tax Administration (TIGTA) stated it’s “essential that the IRS develops processes to both authenticate individuals applying for an EIN and to ensure that there is a valid business reason to obtain an EIN.” The audit was initiated in response to the fact that “many” EINs aren’t used to file business tax returns and the possibility that business identity theft can occur, TIGTA said. Read the audit here: http://bit.ly/2GydiNM

By | 2018-03-01T19:21:48+00:00 March 1st, 2018|Federal Tax Posts|Comments Off on Federal Tax Post – 02/21/18