In this issue:
Circular 230 Disclaimers: Deal or No Deal?
After years of frustration among tax practitioners, relief came in the form of final Circular 230 regulations which meant the days of required disclosures attached to emails, faxes, and other correspondence had come to an end. Effective June 12, 2014, the previous covered opinion rules in section 10.35 were removed and replaced with new guidance in section 10.37.
More Details for Voluntary Preparer Compliance Program
The IRS issued a revenue procedure formally instituting the program it unveiled last week. AICPA stated in a letter to the IRS that litigation could result.
5 Tips for Managing Staff During the Summer
We have released a new video to learn tips and tricks to keep staff motivated and engaged after tax season.
Also in this issue:
- IRS Payment Mix Comparison Tool
- FAQs on Tax Return Positions Now Updated
- New Identity Theft Resources