Taxpayer Advocate Cites Underfunding as Cause of IRS Most Serious Problems
The National Taxpayer Advocate in her annual report to Congress for 2011, cited the IRS’ lack of adequate funding, expanding workload and overreliance on automation as the most serious problems facing taxpayers.
Published on January 12, 2012
AICPA Suggests Refining Tax Return Preparer Registration Proposal
In this letter to Congress, the AICPA provides comments on the legislative proposal requiring the registration of federal income tax return preparers.
Published on March 12, 2012
Rules on Use, Disclosure of Taxpayer Information Finalized
The IRS issued final regulations under Sec. 7216 that govern the circumstances in which tax return preparers can disclose or use certain limited tax return information.
Published on December 26, 2012
Supreme Court Upholds Health Care Law
The Supreme Court declared the mandate requiring U.S. citizens and legal residents to maintain minimum essential health coverage to be a permissible exercise of Congress’s taxing powers under the Constitution.
Published on June 29, 2012
AICPA Summarizes IRS Strengths and Weakness for the Oversight Board
In a testimony before the IRS Oversight Board, the AICPA provided comments on: (1) the future direction of electronic tax administration, (2) enforcement challenges, (3) effective collection strategies, and (4) workforce empowerment
Published on September 10, 2012
AICPA Suggests Improvements to Form 1023
On December 2, 2002, AICPA makes suggestions to the IRS for improvements to Form 1023, the Application for Recognition of Exemption for nonprofit organizations.
Published on November 12, 2012
April 27, 2012 Tax E-Alert Top News, Individual Issues, Trust & Estate Issues, Announcements & Events and more
This newsletter contains information regarding: Deductibility of Local Lodging Expenses When the Employee is Not Away From Home, Comments on Tangible Property Regulations, Small Business Tax Cuts, 2011 FBARs, Preparer Fraud, IRS Erroneous Notices to Trusts Regarding Tax Calculations, Product Demos at Tax Strategies Conference, 2012 Tax Education Program, Tax Practitioners’ LinkedIn and Tax Power Hour Supplemental Handouts
Published on May 01, 2012
Updated ITIN Guidance (Effective 2013)
The IRS issued updated ITIN guidance on November 29, 2012.
Published on November 30, 2012