IRS Speech Introducing UTP 01.26.2010
January 26,2010 Commissioner Shulman spoke at the New York State Bar Association meeting and introduced the proposal to require disclosure of uncertain tax positions.
Published on March 02, 2012
New 1099 Rules Presidents Speech Offers Hope for Some Relief Exceptions for Rental Income Reporting Remain Vague
...to produce a Form 1099 for every payee to which they paid at least $600, President Barack Obama offered the prospect of relief in his State of the Union speech January 25 when he said, “We can start right now
Published on February 01, 2011
Details of New MyRA Retirement Savings Vehicle Revealed
The White House released details of a new retirement savings account to be made available to employees through their employers.
Published on January 30, 2014
IRS Holds First Hearing on Real-Time Tax System
The IRS held a public hearing to gather feedback on how to implement a system in which the IRS would match information on tax returns with data from third-party information returns during the processing of the return.
Published on December 09, 2011
Presidents Jobs Bill Contains Many Tax Proposals
The president submitted his American Jobs Act to Congress on September 12, and among its provisions are several tax items, including a temporary payroll tax cut, a limit on itemized deductions for certain high-income taxpayers, and a proposal to tax carried interests as ordinary income rather than capital gains.
Published on September 13, 2011
IRS Commissioner Predicts Relief From Testing and Continuing Education for CPA-Supervised Nonsigning Preparers
The IRS will likely provide relief from testing and continuing education requirements for nonsigning tax preparers working under the supervision of a CPA or other federally authorized tax practitioner, such as an attorney or enrolled agent, in a CPA or other professional firm, IRS Commissioner Doug Shulman said October 26.
Published on January 28, 2011
IRS Launches New Round of Preparer Office Visits
The IRS has sent letters to tax return preparers whom the IRS has identified as at high risk of not complying with their responsibilities as return preparers. The IRS will follow up with office visits to some of these preparers who appear to have serious compliance issues.
Published on April 17, 2013
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
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
TIGTA Criticizes the IRS on Conference Overspending
TIGTA issued a report detailing the IRS’s wasteful spending on conferences.
Published on June 13, 2013