AICPA Update Sample IRS Letter - Automatic Assessment of Form 5471 and Form 1120 Penalties - January 2009
This is an AICPA update in fall 2009 on the IRS Letter Regarding Automatic Assessment of Form 5471 and Form 1120 Penalties starting January 1, 2009.
Published on May 01, 2013
AICPAs Tax Reform Center
Tax reform will affect all taxpayers and practitioners - come to the AICPA for regular updates and learn what is happening and what the AICPA is proposing to shape this important debate. Resources include articles, links to legislative initiatives and white papers.
Published on October 31, 2013
Acting IRS Commissioner Out in Tea Party Scandal
President Barack Obama announced the departure of Acting IRS Commissioner Steven Miller as a result of the ongoing scandal surrounding the IRS’s controversial methods for determining which organizations applying for Sec. 501(c)(4) status warrant further review.
Published on May 16, 2013
Congressional Committee Checks In on Registered Tax Preparer Program
While tax professional communities offered diverging opinions of the registered tax return preparer (RTRP) program to a congressional subcommittee, all agreed on one thing—the IRS made a significant effort to listen.
Published on July 29, 2011
Shulman Announces Delay in Fingerprinting Requirement
The IRS will delay and reconsider its fingerprinting requirement for tax return preparers, IRS Commissioner Doug Shulman told the AICPA National Tax Conference on November 8.
Published on November 09, 2011
July 13, 2012 Tax E-Alert Supreme Court Rules in Local Case, ITIN Application Changes, 2012 Planning Resources and New T...
In this issue: Supreme Court Rules in Local Tax Refund Refusal Case, Update on FSA Certification Letter, Change to ITIN/ Form W-7 Procedures, Offshore Voluntary Disclosure Program, Exempt Organization Developments, and Plan Now for 2012 Tax Increases—Known and Unknown
Published on July 17, 2012
IRS Targets 1040 Schedules, Procedures in Preparer Compliance Visits
In its current round of office visits involving tax preparer compliance, the IRS is targeting practitioners who prepare a high percentage of returns with certain Form 1040 schedules and is checking preparers’ procedures and recordkeeping.
Published on April 17, 2013
IRS Activates New PTIN System
The IRS deployed a new preparer tax identification number (PTIN) registration system September 28 as a component of its initiative to register and regulate paid tax return preparers.
Published on June 13, 2013
February 18, 2011 Tax E-Alert Update on the Practice Guides and Checklists
This newsletter contains information regarding: Carryover Basis IRS Form 8939, Offshore Voluntary Disclosure Initiative, Schedule UTP, Return Preparer Obligations, Revised SSTS Interpretations, Safeguarding Taxpayer Data, Estates and Trusts Investment Management and Advisory Costs, Tax Strategy Patents.
Published on February 28, 2012
PTINs a Pain for Some CPAs
As the start of tax filing season looms, some CPA preparers are reporting difficulties meeting the new IRS requirement to register and obtain or renew a PTIN.
Published on January 28, 2011