Friday, October 23, 2009

IRS News and Information Oct 23, 2009

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Here is the latest IRS news and information. Please share with your members and colleagues.   

Select the blue links to see the full article.  

 Newsroom                                                                          October 23, 2009


New Form Aids Processing of Mortgage Applications, Makes Ordering Tax Transcripts Simpler

IR-2009-96, Oct. 21, 2009 — The Internal Revenue Service today issued a new form that will make it simpler for people, especially homeowners trying to modify or refinance their mortgages, to order copies of their tax return transcripts.


IRS Commissioner Doug Shulman addressed the National Association of Corporate Directors Governance Conference

IR-2009-95, Oct. 19, 2009 — Prepared Remarks of IRS Commissioner Doug Shulman before the 2009 NACD Corporate Governance Conference in Washington, DC.


New Video Series Helps Exempt Organizations Understand Redesigned Form 990 Requirements

IR-2009-92, Oct. 14, 2009 — The Internal Revenue Service has launched a new case study and video program to help exempt organizations and their tax preparers better understand the newly revised Form 990 series which must be filed for the 2008 tax year.


New IRS Retirement Plan Navigator Aims to Help Small Businesses

IR-2009-91, Oct. 13, 2009 — The Internal Revenue Service has created a new Web-based tool to help small business owners determine which tax-favored pension plan best suits their needs and how to keep their plans in compliance.


SSA W-2 News, Issue 2009-04, October 14, 2009

Business Services Online Not Available from October 31 until November 2, 2009,,id=213862,00.html?portlet=6  -- Reminder of phishing and identiy theft


Technical Guidance


IRS Announces Pension Plan Limitations for 2010

The Internal Revenue Service today announced cost of living adjustments applicable to dollar limitations for pension plans and other items for Tax Year 2010


Revenue Procedure 2009-50

Sets forth the cost-of-living adjustments to certain items for 2010 as required under various provisions of the Code.


If You Have Losses, Know Your Disclosure Requirements

The IRS is reminding taxpayers to use Form 8886 to disclose information for each reportable transaction in which they participated. Generally, Form 8886 must be attached to the tax return for each tax year in which there was participation in a reportable transaction.




Free IRS Webinar – e-File improves tax professionals’ business


National Phone Forums (,,id=158856,00.html)


Internal Revenue Service Webinar

·         The Business Case for e-file: A Panel Discussion with Tax Professionals, Tuesday, October 27, 2009


NSCPA Southwest Tax Conference, December 8~9, 2009

·         The Southwest Tax Conference includes individual, small business, large to mid-size companies, regulations, and multi-state items. Hear from tax experts, earn up to 16 hours of CPE all in Las Vegas, NV December 8-9 at the Bellagio in Las Vegas.  This Conference is the perfect opportunity for you to get the federal tax updates you need on issues that impact you and your clients. For more information visit the NSCPA's website. 


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


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James R. Kinsey
Sr Stakeholder Liaison Specialist
Communication, Liaison & Disclosure
SB/SE Division
Work 408-817-6842
Fax 408-817-4601

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