The Weekly Rundown

Welcome to the weekly rundown, where we cover the top accounting news stories you might have missed last week.

The IRS is Providing Help to the Victims of Hurricane Irma


The IRS is offering tax assistance to those impacted by Hurricane Irma, which includes free assistance with any questions you might have regarding tax impacts to those in disaster areas.

“Special tax relief and assistance is available to taxpayers in the Presidential Disaster Areas.”

For more details, you can call (866) 562-5227, or check out their website here for more information and updates.

Equifax Data Breach Puts 143 Million Americans At Risk


According to a report by the Federal Trade Commission, the data breach at Equifax put 143 million Americans at risk of identity theft.

“They also stole credit card numbers for about 209,000 people and dispute documents with personal identifying information for about 182,000 people.”

For more information on how to determine if your sensitive information was compromised, you can visit “Cybersecurity Incident & Important Consumer Information” on the Equifax website.

Trump Urges Congress to Act on Tax Reform


Trump urges Congress to speed up the tax reform ahead of hurricane Irma, stating that he wants to hurry up the process even more so.

“I think now with what’s happened with the hurricane, I‘m going to ask for a speed-up. I wanted a speedup anyway, but now we need it even more so,”

New Scams Target Accounting Job Seekers


Samiha Khanna reports in the Journal of Accountancy that online scammers are targeting accounting applicants. Click the link to read the full story.

“One applicant reported sharing personal and banking information and an advance payment to receive a $3,000 refund check for job preparation materials, only to have it bounce.”

It can be frustrating for job seekers to land that dream job, but this story takes the cake. Enthusiastic to start a new position, these job seekers may inadvertently put themselves at serious financial risk.

For more trending accounting news make sure to stay tuned to our Trending page.

Jeremias Ramos is a CPA working at a nationally recognized full-service accounting, tax, and consulting firm with offices conveniently located throughout the Northeast. Jeremias specializes in tax and business consulting with focus areas in real estate, professional service providers, medical practitioners, and eCommerce businesses.

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