Final Regs on EITC Due Diligence Issued
The IRS issued final regulations governing the due-diligence requirements imposed on tax return preparers who prepare tax returns on which taxpayers claim the earned income tax credit
Published on December 20, 2011
Trade Bills Pass Congress with Tax Provisions
The EITC due diligence penalty will increase to $500 under a bill passed by Congress Oct. 12
Published on October 14, 2011
President Signs Bill Increasing EITC Due Diligence Penalty
President Barack Obama signed into law a bill that increases from $100 to $500 the penalty for failure by preparers to exercise due diligence with respect to the EITC
Published on October 24, 2011
November 16, 2011 Tax E-Alert - IRS Announces it Will Postpone Implementation of Preparer Fingerprinting Program
November 16 2011 Tax E-Alert. In this issue: IRS Announces Postponement of Fingerprinting; New EIC Due Diligence Requirements; Thank You to Our Volunteers
Published on February 01, 2012
Comments on REG-140280-09, Regarding Additional Measures Intended to Improve Compliance 11.10.11
...AICPA submitted comments to the IRS on November 10, 2011 regarding REG-140280-09, proposed regulations involving additional measures intended to improve compliance with the tax return preparer due diligence earned income credit (EIC) requirements of Internal Revenue Code section 6695(g
Published on November 14, 2011
FATCA Prop. Regs. Amended to Extend Various Deadlines
The IRS is delaying various FATCA-related deadlines because it has received feedback that complying with the original deadlines is difficult for some taxpayers.
Published on October 31, 2012
Unclaimed Property and the Delaware Unclaimed Property Voluntary Disclosure Agreement (VDA) Program
This is information on the issue of the states' unclaimed property programs and the Delaware new voluntary disclosure agreement program.
Published on March 28, 2013
FBAR and FATCA Articles
This page contains links to various articles regarding the reporting of foreign bank and financial accounts (FBAR).
Published on May 31, 2012
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
Phased Implementation of FATCA Requirements Announced
The IRS announced plans to phase in the requirements of the Foreign Account Tax Compliance Act (FATCA).
Published on July 15, 2011
U.S. and Switzerland Sign FATCA Agreement
The United States and Switzerland have signed a bilateral agreement to implement provisions of FATCA.
Published on February 15, 2013
Treasury Releases Model Intergovernmental Agreement for FATCA
Treasury released a model intergovernmental agreement designed to implement the information-reporting and withholding-tax provisions in FATCA.
Published on July 27, 2012
IRS Proposes Stiffer Preparer Requirements for EITCs
The IRS issued proposed regulations that would impose new requirements for tax return preparers and their firms for returns claiming the earned income tax credit (EITC), including submission of information regarding taxpayers’ eligibility to the IRS.
Published on October 07, 2011
December 2, 2011 Tax E-Alert - Super Committee Fails to Achieve Consensus on Deficit Reduction
Tax E-Alert December 2, 2011. In this issue: Super Committee Fails to Achieve Consensus; Obama signs Three Percent Withholding Repeal in Law; AICPA Comments on Etate Tax Suggestions; IRS Released Revised Form 2848
Published on February 01, 2012
President Proposes 3-Year AMT Patch, Partial Relief on 1099s, Crackdown on Misclassification
President Barack Obama released his proposed budget for fiscal 2012, containing several tax proposals.
Published on February 16, 2011