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Newsroom January 21, 2011
IRS to Start Processing Delayed Returns on Feb. 14; Most People Unaffected and Can File Now
IR-2011-7, Jan. 20, 2011 — The Internal Revenue Service plans a Feb. 14 start date for processing tax returns delayed by last month’s tax law changes.
IRS e-file Launches Today; Most Taxpayers Can File Immediately
IR-2011-4, Jan. 14, 2011 — The Internal Revenue Service opened its 21st season of electronic filing today with a reminder to taxpayers that e-file remains the best way to get fast refunds and ensure accurate tax returns, particularly following several tax law changes in December.
IRS Reminds Small Charities to Check Their Reporting Requirements Because They May Have Gotten Simpler
IR-2011-3, Jan. 13, 2011 — Most tax exempt organizations that had receipts of $50,000 or less during 2010 can file the e-Postcard instead of the standard Form 990, up from $25,000 in prior years.
IMRS Hot Issues – January 5, 2011
IRS Helps Small Employers Claim New Health Care Tax Credit, IRS Continues Efforts to Ensure Accurate Return Preparation and more . . .
IRS Headliners & Technical Guidance
Headliner Volume 307, January 6, 2011 - IRS Reminds Aggregate Filers to Use Schedule R for Form 941 and Form 940
Revenue Procedure 2011-14 provides the current procedures for obtaining automatic consent for a change in method of accounting and modifies the procedures in Rev. Proc. 97-27 for requesting and obtaining non-automatic advance consent for a change in method of accounting. Revenue Procedure 2011-14 will appear in IRB 2011-4 dated Jan. 24, 2011.
Notice 2011-06 provides guidance regarding the implementation of new Treasury regulations governing tax return preparers regarding the requirement to obtain a preparer tax identification number (PTIN), identifies the forms that qualify as tax returns or claims for refund for purposes of those regulations, and provides interim rules applicable to certain PTIN holders during the implementation phase of the new regulations governing tax return preparers.
Revenue Procedure 2011-12 provides the cost-of-living adjustments to certain items for 2011 as required under the Internal Revenue Code. The cost-of-living adjustments for 2011 for other items were previously published in Rev. Proc. 2010-40, 2010-46 I.R.B. 663 (dated November 15, 2010).
IRS Issues Fact Sheets to Help Taxpayers in 2011 - To kick of the tax filing season, the IRS has issued fact sheets to provide information on the many topics, including: answers to federal tax questions, help with filing a return, special tax credit and much more!
- Collection Bankruptcy Overview Webinar (01/25/2011)
- Getting Ready for Filing Season 2011 - Individuals and Businesses (01/26/2011)
- Small Business Health Care Tax Credit (02/02/2011)
- January 26, 2011 - Getting Ready for Filing Season 2011 - Individuals and Businesses
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