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Tax and financial planning news from around the web: May 13 – 17, 2024

Written on May 17, 2024

The IRS added additional protections for tax professionals to increase security for the Centralized Authorization File program and placed new procedures for requesting client transcripts by phone. The IRS has also taken related security steps to change how tax pros can order transcripts by phone through the Transcript Delivery System. 

The U.S. Treasury ran a surplus last month, thanks to the April 15th tax deadline. But the federal government is still on track to end the fiscal year more than $1.5 trillion in the red.