Thursday, September 1, 2016

FYI: IRS News & Events from Stakeholder Liaison

Hello Everyone,

 

I hope all is going well with you!

 

Below is the latest edition of IRS News & Events from Stakeholder Liaison.

 

IRS News & Events from Stakeholder Liaison - Please share with your members and colleagues. Select the blue links to see the full article.



What to Watch: IRS videos:

Featured video: TIGTA: ¡El Fraude es Real! Cuélguele al Fraude

El Inspector General de la Administracion Tributaria del EE.UU precauciona que NO hable con los estafadores que dicen que son del IRS. No les crea. ¡Simplemente cuelgue! Para mas información, visítenos aquí: www.tigta.gov

 


General News

Modernized e-File (MeF) Power Outage for Labor Day Weekend

IRS will conduct its annual Labor Day power outage beginning Saturday, September 3, 2016, starting at 8:00 p.m. and ending Tuesday, September 6, 2016, at 6:00 a.m. (EST). We apologize in advance for any inconvenience.

 

Memorial Day FTD Penalty Error Many taxpayers who made next-day employment tax deposits on Tuesday May 31 or semi-weekly employment tax deposits on Thursday June 2 were incorrectly sent notices that the deposits were late. The IRS apologizes for the error. No taxpayer action is required. IRS systems have been corrected and taxpayer accounts will be updated.

 

IRS Launches New Sharing Economy Resource Center on IRS.gov, Provides Tips for Emerging Business Area

IR-2016-110, Aug. 22, 2016 — The IRS this week launched a new web page designed to help taxpayers involved in the sharing economy quickly locate the resources they need to help them meet their tax obligations.

 

IRS Works to Help Taxpayers Affected by ITIN Changes; Renewals Begin in October

IR-2016-100, Aug. 4, 2016 — The IRS announced important changes today to help taxpayers comply with revisions to the Individual Taxpayer Identification Number (ITIN) program made under a new law. The changes require some taxpayers to renew their ITINs beginning in October.

 

IRS Proposes Revised Fees for Installment Agreements; New Lower Fee Available for Direct Debit Online Payment Agreements; Special Relief Provided to Low-Income Taxpayers

IR-2016-108, Aug. 19, 2016 — The IRS is proposing a revised schedule of user fees that would take effect on Jan. 1, 2017, and apply to any taxpayer who enters into an installment agreement.

 

IRS Seeks Additional Applications for the Electronic Tax Administration Advisory Committee

IR-2016-109, Aug. 19, 2016 — The IRS is seeking applications from consumer advocates and others for consideration to join as members of the Electronic Tax Administration Advisory Committee.

 

Sign Up for IRS Summertime Tax Tips

·       What to Expect at Tax Time if You Rent Out Your Vacation Home

·       Five Tips for Starting a Business

·       Find Easy-to-Use Online Tools on IRS.gov

·       Five Tax Tips about Hobbies that Earn Income

·       Back to School? Learn about Tax Credits for Education

·       How Selling Your Home Can Impact Your Taxes

·       IRS Offers Tips on Charity Travel

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Security

IRS Warns of Back-to-School Scams; Encourages Students, Parents, Schools to Stay Alert

IR-2016-107, Aug. 18, 2016 — The IRS today warned taxpayers against telephone scammers targeting students and parents during the back-to-school season and demanding payments for non-existent taxes, such as the “Federal Student Tax.”

 

New Phishing Scheme Mimics Software Providers; Targets Tax Professionals

IR-2016-103, Aug. 11, 2016 — The IRS today alerted tax professionals to an emerging phishing email scam that pretends to be from tax software providers and tries to trick recipients into clicking on a bogus link.

 

IRS Warns Taxpayers of Summer Surge in Automated Phone Scam Calls; Requests for Fake Tax Payments Using iTunes Gift Cards

IR-2016-99, Aug. 2, 2016 — The IRS today warned taxpayers to stay vigilant against an increase of IRS impersonation scams in the form of automated calls and new tactics from scammers demanding tax payments on iTunes and other gift cards.

 

Tax Professionals: Monitor Your PTIN for Suspicious Activity

Tax preparers can help protect clients and their businesses from identity theft by checking their PTIN Accounts to ensure the number of returns filed using their identification number matches IRS records.

 

How Identity Theft Can Affect Your Taxes

 

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Affordable Care Act

What’s Trending

 

Health Care Tax Tips

·       ACA and Employers: Understanding the Terms Affordable and Minimum Value Coverage

·       Resources on IRS.gov and Social Media Help Employers and Coverage Providers Understand ACA

·       IRS.gov and Social Media Resources Help Individual Taxpayers Understand ACA

·       Four Reasons You Should Not Wait Until Extension Deadline to File Your Return

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Technical Guidance

Priority Guidance Plan for 2016-2017 IRS Chief Counsel has released its 2016–2017

 

T.D. 9781 Preparer Tax Identification Number (PTIN) User Fee Update

These regulations are effective on September 9, 2016.

 

T.D. 9780 Election into the Partnership Audit Regime under the Bipartisan Budget Act of 2015

The regulations affect any partnership that wishes to elect to have the new partnership audit regime apply to its returns filed for certain taxable years beginning before January 1, 2018.

 

REG-103058-16 Notice of Proposed Rulemaking: Information Reporting of Catastrophic Health Coverage and Other Issues under Section 6055. Written or electronic comments and requests for a public hearing must be received by October 3, 2016.

 

REG-163113-02 Estate, Gift, and Generation-skipping Transfer Taxes; Restrictions on Liquidation of an Interest. Written and electronic comments must be received by November 2, 2016.

 

REG-131418-14 Reporting for Qualified Tuition and Related Expenses

Written or electronic comments must be received by October 31, 2016.

 

Announcement 2016-27 provides guidance to jurisdictions that are treated as if they have an IGA in effect and FFIs located in those jurisdictions.

 

Notice 2016-49 provides interim guidance on certain requirements for persons seeking certification as Certified Professional Employer Organizations (CPEOs), as defined in §301.7705-1T(b)(1). 

 

Notice 2016-48 explains how the IRS will implement the changes to the Individual Taxpayer Identification Number (ITIN) program resulting from the enactment of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act).

 

Revenue Procedure 2016-44 provides safe harbor conditions under which a management contract does not result in private business use of property financed with governmental tax-exempt bonds under § 141(b) of the Internal Revenue Code or cause the modified private business use test for property financed with qualified 501(c)(3) bonds under § 145(a)(2)(B) to be met.

 

Revenue Procedure 2016-43 provides the national monthly average premium for a bronze-level qualified health plan (NABP) available through Marketplaces in 2016.  The NABP is the maximum monthly individual shared responsibility payment under section 5000A for nonexempt individuals who do not have minimum essential coverage for a month in 2016.

 

Revenue Procedure 2016-42 states that a charitable remainder annuity trust (CRAT) containing the sample provision found in Rev. Proc. 2016-41 will not be subject to the probability of exhaustion test set forth in Rev. Rul. 70-452, 1970-2 C.B. 199, and applied in Rev. Rul. 77-374, 1977-2 C.B. 329.

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Events

The 2016 IRS Nationwide Tax Forums - Continuing through September 15!

·       Participate in SB/SE Focus Groups: Here’s Your Opportunity to Improve IRS Programs!

o   ACA Information Returns

o   Federal Tax Deposit Alerts

 

Webinars for Tax Practitioners

 

California Practitioner Liaison Meetings and Seminars

·       22nd Annual Tax Practitioner/IRS Fall Seminar – Dublin, August 30, 2016

 

Webinars for Businesses

·       Federal and State Basic Payroll Tax Webinar for the Restaurant Industry (CA, HI, NV) - September 14, 2016

 

California Workshops for Small Business Owners

Please share these links with your small business clients. The workshops provide detailed instructional lessons that cover their tax filing, paying and operating requirements and responsibilities

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I hope you find this information useful. If you would like additional information, you can subscribe to an IRS e-Subscription by going to the Subscription page on IRS.gov.

 

If you would like to discontinue receiving my local Stakeholder Liaison e-mails, please e-mail and request removal of your name.

 

Follow us on Twitter, YouTube, IRS_Videos and Facebook - IRS_Return_Preparer_Office

 

 

Jennifer Henrie-Brown, ID #1000247447

Stakeholder Liaison Specialist

Communications Stakeholder Outreach

Work cell phone:  510-926-0175

Jennifer.Henrie-Brown@irs.gov

IRS Video Portal
Follow us on Twitter, YouTube

 

 

Monday, August 1, 2016

FYI: IIRS News & Events from Stakeholder Liaison

Hello Everyone,

 

FYI:  Below is the latest edition of IRS News & Events from Stakeholder Liaison. 

 

Also, attached above is a flyer for the IRS & California Employment Department Basic Payroll Tax Webinar for the Construction Industry which is from 10:00 – 11:00 am.  No CE is being offered for this webinar.  (See above attached promotional flyer for additional information).

 

IRS News & Events from Stakeholder Liaison - Please share with your members and colleagues. Select the blue links to see the full article.



What to Watch: IRS videos:

Featured video: Summer Day Camp Expenses

 

Find out how you can get it tax credit for sending your kids to summer day camp


General News

 

IRS Statement on "Get an IP PIN" Tool

July 19, 2016 — The IRS today announced that the “Get an IP PIN” tool has returned to IRS.gov with a stronger authentication process to help protect taxpayers.

 

New requirement for Section 501(c)(4) organizations – Form 8976

New legislation enacted at the end of 2015 added Section 506 to the Internal Revenue Code. Section 506 requires an organization to notify the IRS of its intent to operate as a Section 501(c)(4) organization. The IRS has developed a new form – Form 8976 – that organizations should use to provide this notification

 

IRS Announces Additional Low Income Taxpayer Clinic Grant Recipients

IR-2016-98, July 18, 2016 — The IRS today announced $385,678 in matching grants to nine additional recipients for development of qualified Low Income Taxpayer Clinics (LITCs) in underserved areas around the country for the last six months of the 2016 grant year.

 

National Taxpayer Advocate Reviews Filing Season and Identifies Priority Areas and Challenges in Mid Year Report to Congress

IR-2016-97, July 7, 2016 — National Taxpayer Advocate Nina E. Olson today released her statutorily mandated mid-year report to Congress that contains extended excerpts from her ongoing Public Forums on Taxpayer Needs and Preferences, presents a review of the 2016 filing season, and identifies the priority issues the TAS will address during the upcoming fiscal year.

 

Modernized e-File Assurance Testing System (ATS) 1040NR Early Look Scenarios for Tax Year 2016/Processing Year 2017

The IRS is developing the Form 1040NR for the Modernized e-File system for Tax Year 2016. Early look versions of the five ATS scenarios are available on Coming Soon to the MeF Program. The purpose is to provide the external customers with an opportunity to review and comment on the scenarios before the final posting.

 

IRS Posts New FATCA FAQ to General Compliance Area

The IRS has published a new FAQ regarding submission of Form 8809-I when an additional 90 Day Extension to file Form 8966 has been requested.

 

Sign Up for IRS Summertime Tax Tips

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Security

 

IRS, Partners Warn Tax Preparers of Data Theft Risks; Launch New Campaign to Increase Awareness

IR-2016-96, July 6, 2016 — Leaders from the IRS, state tax agencies and tax preparation community today warned tax preparers that increasingly they are targets of cybercriminals and should take appropriate steps to protect clients from data theft.

 

Tax Professionals: Protect Your Clients; Protect Yourself from Identity Theft

FS-2016-23, July 2016 — The Security Summit, the partnership between the IRS, state tax agencies and the tax community formed to combat identity theft, recently announced it expanded its public awareness campaign on data security to include tax professionals.

 

IRS Takes Steps to Strengthen IVES Program; Works with Industry to Quickly Implement New Safeguards

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Affordable Care Act

What’s Trending

 

Health Care Tax Tips

Return to top


Technical Guidance

REG-109086-15 Premium Tax Credit Notice of Proposed Rulemaking VI

 

REG–147196–07 Deferred Compensation Plans of State and Local Governments and Tax- Exempt Entities

 

TD 9769 Removal of Allocation Rule for Disbursements from Designated Roth Accounts to Multiple Destinations

 

TD 9779 Property Transferred in Connection With the Performance of Services

 

TD 9774 Method of Accounting for Gains and Losses on Shares in Money Market Funds: Broker Returns with Respect to Sales of Shares in Money Market Funds

 

Revenue Procedure 2016-41 sets forth the procedure for an organization to notify the Internal Revenue Service (IRS), consistent with section 506 of the Internal Revenue Code (Code), that it is operating as an organization described in section 501(c)(4) of the Code (a section 501(c)(4) organization).

 

Revenue Procedure 2016-40 provides two safe harbors in which the Service will not assert that a corporation lacks the requisite ‘control’ for purposes of section 355(a), when a corporation (D) acquires putative control of another corporation (C) through C’s issuance of stock, and C subsequently engages in a transaction that actually or effectively reverses the effect of the stock issuance.  The Revenue Procedure also removes the prohibition against issuing letter rulings on transactions involving such an acquisition of “control.” 

 

Revenue Procedure 2016-39 provides the procedures by which a taxpayer may obtain the automatic consent of the Commissioner of Internal Revenue (Commissioner) to change to or from the net asset value (NAV) method of accounting provided in § 1.446-7 of the Income Tax Regulations for gain or loss on shares in a money market fund (MMF).  This revenue procedure modifies Rev. Proc. 2016-29, 2016-21 I.R.B.

 

Revenue Procedure 2016-32 On July 1 the user fee to process the Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, was decreased from $400 to $275. You must submit the fee through www.pay.gov when you file a 1023-EZ application. You can pay the fee directly from your bank account or by credit/debit card.

 

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Events

The 2016 IRS Nationwide Tax Forums - Continuing through September 15!

  • Participate in SB/SE Focus Groups: Here’s Your Opportunity to Improve IRS Programs!
    • ACA Information Returns
    • Federal Tax Deposit Alerts

 

Webinars for Tax Practitioners

 

California Practitioner Liaison Meetings and Seminars

 

Retirement Plans

 

Exempt Organizations - Online educational programs available anytime at www.stayexempt.irs.gov

 

Fed State & Local Governments

 

Webinars for Businesses

 

California Workshops for Small Business Owners

 

Please share these links with your small business clients. The workshops provide detailed instructional lessons that cover their tax filing, paying and operating requirements and responsibilities

Return to top


 

I hope you find this information useful. If you would like additional information, you can subscribe to an IRS e-Subscription by going to the Subscription page on IRS.gov.

 

If you would like to discontinue receiving my local Stakeholder Liaison e-mails, please e-mail and request removal of your name.

 

Follow us on Twitter, YouTube, IRS_Videos and Facebook - IRS_Return_Preparer_Office

 

 

Jennifer Henrie-Brown, ID #1000247447

Stakeholder Liaison Specialist

Communications Stakeholder Outreach

Work cell phone:  510-926-0175

Jennifer.Henrie-Brown@irs.gov

IRS Video Portal
Follow us on Twitter, YouTube

 

 

Tuesday, July 26, 2016

FYI: 2016 CSEA Federal Representation Workshops in Sacramento (July 27th)

Hello Everyone,

 

The California Society of Enrolled Agents is holding its annual Federal Representation workshops in Sacramento on July 27th, which include 8 hours of Continuing Education credit.  

 

New for this year is a webcast of the 8-hour workshop on July 27th where tax professionals can attend the workshop from the convenience of their home or office AND still earn the CE credit.  IRS employees from the Examination, Collection and Appeals divisions will discuss the processes and procedures of their functions relevant to taxpayer representation, and a CSEA representative will bring it all together from the tax professional’s point-of-view. 

 

 

Jennifer Henrie-Brown, ID #1000247447

Stakeholder Liaison Specialist

Communications Stakeholder Outreach

Work cell phone:  510-926-0175

Jennifer.Henrie-Brown@irs.gov

IRS Video Portal
Follow us on Twitter, YouTube

 

 

 

 

 

 

 

Monday, July 25, 2016

FYI: IRS Stakeholder Liaison Western Area IMRS Monthly Call - Thursday, July 28th

Hello Everyone,

 

Hope all is well with you!

 

Friendly reminder that Keith Kershner, IMRS Working Group Member, will be hosting this Thursday’s  (7/28 IMRS Monthly call).

 

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IRS Stakeholder Liaison is having a brief Issue Management Resolution System (IMRS) Conference Call on Thursday, July 28, 2016 from 8:30 am – 9:00 am (Pacific Time)

 

Purpose:  Share “hot issues” to help resolve systemic issues having to do with federal tax policies, practices and/or procedures.

Our goal is to reduce taxpayer burden and in turn hopefully increase voluntary compliance. Please join us to learn about the latest “hot issues” and discuss any new issues you may have. We look forward to hearing from you. See the attached flyer for additional information.  You can also contact Keith Kershner, IRS Stakeholder Liaison, for additional information: Keith.D.Kershner@irs.gov  (559) 513-5298. 

 

We hope you can join us for this brief and informative session!

 

 

 

Issue Management Resolution System (IMRS) Conference Call

 

Got Issues?

 

IRS Stakeholder Liaisons and IMRS Program Analysts are very interested in hearing from you!

 

Are you experiencing problems with IRS’ online payment agreement, Identity Theft issues, etc.?

We want to help resolve systemic issues having to do with federal tax related policies, practices and/or procedures.

_____________________________________________________________________________________________________________________

 

Topic:  Hot Issues – Open Discussion

                 

Date:  Thursday, July 28, 2016

 

Time:   8:30 a.m. – 9:00 a.m.

 

Note: If you are a 1st time participant, please join us 5 minutes early (at 8:25 a.m.) for a brief IMRS Introduction and Orientation.

 

To join the call:

 

Dial: 888-331-8226   Enter Access Code:  2838762

There will be no video for this call (audio conference call only)

_______________________________________________________________________________________________________________________

 

Note:  IMRS tracks and responds to significant national and local issues or concerns about IRS policies, practices and procedures.

Our goal is to reduce taxpayer burden and in turn increase voluntary compliance.

 

IMRS provides three reports to let you know of issues across the country:

·       Hot Issues contains IMRS issues and other current items of interest.

·       The IMRS Industry Issues Quarterly Report provides a quarterly summary of IMRS issues of particular interest to small businesses.

·       The IMRS Monthly Overview contains an update of issues opened and closed each month.

 

           

Please Join Us!

 

Please feel free to forward the invitation to your fellow practitioners.

 

 

 

 

 

 

 

Jennifer Henrie-Brown, ID #1000247447

Stakeholder Liaison Specialist

Communications Stakeholder Outreach

Work cell phone:  510-926-0175

Jennifer.Henrie-Brown@irs.gov

IRS Video Portal
Follow us on Twitter, YouTube