Tax and financial planning news from around the web: August 26 – 30, 2024

IRS, Security Summit highlight “Security Six” and key steps for tax pros to protect themselves 

As data thieves continue evolving their tactics, the IRS and the Security Summit partners remind tax professionals of six essential steps to protect their sensitive taxpayer information. 

The IRS has a method of ‘last resort’ to collect overdue taxes: Revoking your passport 

If taxpayers don’t remedy their overdue bill, the government will generally deny their passport application and can revoke or limit their active passport.