by Dean Clayton T. Woo CPA, Inc. | Dec 20, 2021 | Tax Tips and News
The Internal Revenue Service is moving quickly to do its part in relief efforts targeting tornado victims in Kentucky. Around December 10, Kentucky residents were hit by a trifecta of terror: tornadoes, severe thunderstorms and flooding. Many small communities were...
by Dean Clayton T. Woo CPA, Inc. | Dec 20, 2021 | Tax Tips and News
Drake Software, LLC (“Drake”) is aware of the recently disclosed Apache Log4j Remote Code Execution Vulnerability, and has taken the following steps to ensure the continued protection of its operations and customers. Actions Upon receiving cybersecurity threat...
by Dean Clayton T. Woo CPA, Inc. | Dec 15, 2021 | Tax Tips and News
The Internal Revenue Service has updated its online information with the aim of helping individual taxpayers qualify for Economic Impact Payments (EIPs) if they didn’t already get one. The agency says it has updated its frequently asked questions (FAQs) on the 2020...
by Dean Clayton T. Woo CPA, Inc. | Dec 15, 2021 | Tax Tips and News
The IRS, the Independent Sector, and the National Council of Nonprofits are this week reminding non-itemizers that charitable contributions made this year may qualify for a tax deduction. This temporary rule comes from a provision in the Coronavirus Aid, Relief, and...
by Dean Clayton T. Woo CPA, Inc. | Dec 10, 2021 | Tax Tips and News
Tax professionals have been in the crosshairs of cybercriminals for some time now, and it’s only getting worse. Now, the crooks are casting their nets, not only for client data, but to snare vital data of the tax pros themselves. The Internal Revenue Service says this...
