IRS Announces Release Date for 1040 Modernized E-File Program
The IRS has announced a release date of August 2009 for the modernized e-file (MeF) Form 1040
Published on May 10, 2010
IRS Oversight Board Says 80% E-File Goal Will Not Be Met
The IRS Oversight Board released its Electronic Filing 2010 Annual Report to Congress and concluded that the goal that 80% of all major tax return types be electronically filed will likely not be met by 2012.
Published on May 03, 2011
IRS Issues Final Regs. and Guidance on Mandatory E-Filing Requirements
The IRS issued final regulations and several pieces of guidance relating to the requirement that return preparers e-file tax returns, starting this year. The final regulations require specified tax return preparers to e-file if they reasonably expect to file 100 or more income tax returns in...
Published on October 04, 2011
IRS Announces Phase-in of Mandatory E-Filing
The Worker, Homeownership, and Business Assistance Act mandates e-filing by almost all return preparers; it requires any return preparer who files more than 10 individual income tax returns per year to e-file those returns, starting in 2011
Published on January 28, 2011
False Tax Returns, Mail Fraud, and Money Laundering
The Third Circuit Court of Appeals may have opened the door to a new approach that could result in significantly increased criminal penalties for taxpayers who file false returns. Taxpayers who mail or e-file their tax returns and knowingly understate their taxable income thereon may be exposing themselves to the
Published on February 01, 2011
Time to Start Planning for the 2011 Tax Filing Season
...for the 2011 tax filing season. There are significant issues on the horizon, including the pending requirement for all preparers to obtain a preparer tax identification number (PTIN), the e-file mandate for tax return preparers filing individual tax
Published on January 28, 2011
A Record-Breaking Year for e-Filing
2007 was another record-breaking year for tax returns filed electronically with the IRS.
Published on May 02, 2010
IRS Will Stop Providing Debt Indicators Exploring Ways for Taxpayers to Use Refunds to Pay Preparers
The IRS announced that it will stop providing “debt indicators” to tax preparers and associated financial institutions.
Published on October 05, 2010
New Requirements for 2006 Business Filers
...Editor: John L. Miller, CPA When filing 2006 corporate tax returns, many businesses will encounter new IRS requirements that significantly affect how they file. Some filers of Forms 1120, U.S. Corporation Income Tax Return, and 1120S, U.S. Income Tax Ret
Published on July 13, 2010
Additional Time for Filing Automatic Accounting Method Changes
While taxpayers generally must obtain the IRS’s consent to change an accounting method for federal income tax purposes, the IRS grants automatic consent for certain accounting method changes, provided the taxpayer complies with certain procedures.
Published on April 01, 2013