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Payroll and Tax News February 4, 2011
The U.S. Supreme Court in Mayo Foundation for Medical Education and Research et al. v.
Archived versions of live panel discussions • Archived webinars
Video clips • Audio archives of national phone forums
Free Tax Help Available Nationwide
IR-2011-13, Jan. 28, 2011 — Over 12,000 free tax preparation sites will be open nationwide this year providing vital tax preparation services for low- to moderate-income and elderly taxpayers.
Workers Urged to Check Eligibility for EITC; IRS and Partners Mark 5th EITC Awareness Day
IR-2011-12, Jan. 28, 2011 — The Internal Revenue Service and partners nationwide mark the 5th Earned Income Tax Credit Awareness Day on Friday, Jan. 28.
IRS Launches the IRS2Go App for iPhone, Android; Taxpayers Can Check Refunds, Get Tax Information
IR-2011-8, Jan. 24, 2011 — The Internal Revenue Service announces its first smartphone app, IRS2Go.
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.
National Taxpayer Advocate Delivers Annual Report to Congress; Focuses on Tax Reform, Collection Issues, and Implementation of Health Care Reform
IR-2011-2, Jan. 5, 2011 — National Taxpayer Advocate Nina E. Olson released her annual report to Congress.
IRS Kicks Off 2011 Tax Season with Deadline Extended to April 18; Taxpayers Impacted by Recent Tax Breaks Can File Starting in Mid- to Late February
IR-2011-1, Jan. 4, 2011 — The IRS opened the 2011 tax filing season by announcing that taxpayers have until April 18 to file their returns and reminded taxpayers to e-file as the best way to ensure accurate tax returns and get faster refunds.
Social Security Number Randomization, Small Business Jobs Act of 2010 Contains New Tax Provisions, HIRE Legislation— Special Reporting on Form W-2 for 2010, and more . . .
The IRS uses new and social media tools to share the latest information on tax changes, initiatives, products and services.
Headliner and Technical Guidance
Headliner Volume 308, January 11, 2011 - Employers in
Headliner Volume 307, January 6, 2011 - IRS Reminds Aggregate Filers to Use Schedule R for Form 941 and Form 940.
Notice 2011-12 provides that, for wages paid after December 31, 2010, the procedure employers use to determine income tax withholding on wages paid for services performed by nonresident alien employees within the
Notice 2011-11 provides relief by allowing tax return preparers who have made a good faith effort to obtain a PTIN to prepare tax returns for compensation even though they have not received a PTIN.
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).
Find answers to tax questions online - Interactive Tax Assistant
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.
Payroll Professionals Tax Center - Information for Payroll Professionals and Their Clients
Information for payroll professionals and their clients. This page includes links to information on employment taxes, worker classification, electronic filing, employment tax related forms and publications, news and events, and more.
- Small Business Health Care Tax Credit (02/16/2011)
- Starting Off Right (Part II): What New Non-501(c)(3) Organizations Need to Know (02/24/2011)
- Form 5330 - Completion and Processing Tidbits (March 24, 2011)
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