January 17, 2014
It isn’t quite as significant as the president’s State of the Union address, but National Taxpayer Advocate (NTA) Nina Olson released a new report to Congress on January 9 (IR-20140-3).
January 16, 2014
The American Institute of CPAs (AICPA) said in a letter today to Senate Finance Committee Chairman Baucus and Ranking Member Hatch that it “strongly supports the efforts by the Senate Committee on Finance on tax administration reform and simplification.”
January 12, 2014
Volunteer firefighters and the departments that rely on them will be excluded from the employment requirements under the Affordable Care Act, the Treasury Department announced on Friday, Nov. 10.
January 10, 2014
The IRS has released individual income tax rates for tax year 2014. This is for the tax year ending Dec. 31, 2014, which will be filed before April 15, 2015.
December 27, 2013
Four tax preparers in Minneapolis and Brooklyn Center have been indicted on 63 counts of identity theft, conspiracy and tax fraud.
December 26, 2013
The Internal Revenue Service today reminded professional tax return preparers to renew their Preparer Tax Identification Numbers (PTINs) if they plan to prepare returns in 2014. Current PTINs expire Dec. 31, 2013.
December 19, 2013
The Internal Revenue Service today announced plans to open the 2014 filing season on Jan. 31 and encouraged taxpayers to use e-file or Free File as the fastest way to receive refunds.
December 19, 2013
Here’s a holiday season lump of coal you might not be expecting: the tax refund you count on to help pay those holiday bills very likely could be delayed, as the Internal Revenue Service (IRS) said the filing season will start on Jan. 31, instead of the initially-planned Jan. 21.
December 18, 2013
According to a new report, more than 1,100 vendors doing business with the Internal Revenue Service (IRS) owe a combined $589 million in Federal tax debt.
December 17, 2013
The Internal Revenue Service has announced the selection of three new members and a chairperson to the Electronic Tax Administration Advisory Committee (ETAAC).
December 17, 2013
Anyone who has ever tried to call the Internal Revenue Service knows what to expect first ... a wait. Sometimes a really long one. For tax professionals who need to reach the IRS more frequently, this can be a waste of precious time and productivity.
December 12, 2013
Thomson Reuters Checkpoint Releases Special Report for Tax Professionals on New Capitalization Regulations