Extended Period for Receiving Authorization to Disclose Return Information Proposed
The IRS issued a proposed regulation that would officially extend from 60 to 120 days the permitted period for submission of taxpayer authorizations allowing disclosure of returns and return information to third-party designees because some financial institutions have had difficulty obtaining and submitting written authorizations within the current 60-day limit...
Published on May 01, 2011
Final Regs. Permanently Extend Period to Receive Disclosure Authorization
The IRS issued final regulations extending from 60 days to 120 days the permitted period for submission of taxpayer authorizations allowing disclosure of returns and return information to third-party designees
Published on July 01, 2013
E-File and Digital Signatures Where Are We Now
The e-file process can now be completely digital and paperless. This article reviews the new IRS guidance on electronic signatures and suggests process and technology changes to implement.
Published on June 01, 2014
Automatic Recognition of Consolidated Return Filing Status Permitted
An affiliated group of corporations that did not file a consolidated return for the immediately preceding tax year may file a consolidated return in lieu of separate returns for the tax year under certain conditions.
Published on May 01, 2014
U.S. Attorneys Are Authorized to Fight Stolen Identity Refund Fraud
In an effort to better combat crimes involving stolen identities and tax refund fraud, the Justice Department has changed the procedures it uses to handle such cases.
Published on December 01, 2012
Power of Attorney Limited vs. Full
While checking the third-party designee box on the return is an easy way for a taxpayer to authorize another person to act on his or her behalf, doing so only gives that person limited authority (compared to a traditional power of attorney) to act on the taxpayer’s behalf, and the
Published on October 01, 2008
Fourth Circuit Upholds Return Preparer Conviction in RAL Wire Fraud Case
The Fourth Circuit has upheld the conviction of a Maryland tax return preparer for preparing false tax returns and for wire fraud, where the preparer used interstate wire communications to secure refund anticipation loans (RALs) for his customers .
Published on April 01, 2010
Regs. Clarify Employment Tax Responsibilities of Designated Payer Agents
Final regulations issued by the IRS contain rules on the liability for employment taxes when an employer designates an agent under a "service agreement" to pay its employees and to satisfy its employment tax obligations instead of following normal IRS procedures to designate an agent.
Published on June 01, 2014
Obtaining a Power of Attorney Through IRS E-Services
E-services is a suite of internet-based products that allows tax professionals to conduct client business with the IRS 24 hours a day, 7 days a week.
Published on January 01, 2010
The Tax Adviser July 2013
Articles Using the First-Time Penalty Abatement Waiver Jim Buttonow Advising Clients Regarding Erroneous Tax Return Positions (Part II) Michael
Published on September 16, 2013