Friday, April 8, 2011

FYI: IRS News Events (4-08-2011)

Hello Everyone,
I hope all is going well with you!
Below is the second edition of the IRS News Events I have sent to you.  (I have been adding additional names and email addresses to the original "email addresses only" list originally provided to me).  If you did not receive the first IRS News Events I sent on March 21st and would like a copy, let me know and I'll be happy to email it to you
I wish you all a very successful filing season! 
Jennifer Henrie-Brown, ID #94-07690
Stakeholder Liaison Specialist
SBSE Communications, Liaison & Disclosure
510-637-2199/ fax 510-637-2434

Please share the below information with your members and colleagues.  Select the underlined links to see the full article.


Newsroom                                                                                                                   April 8, 2011


Don't Fall Prey to the 2011 Dirty Dozen Tax Scams
IR-2011-39, April 7, 2011 –– Hidden offshore accounts, phishing and return preparer fraud are just the start.

Prepared Remarks of IRS Commissioner Doug Shulman at the National Press Club
IR-2011-38, April 6, 2011 — IRS Commissioner Shulman delivers prepared remarks titled "On the Horizon: A Vision for the Future of Our Tax System."

IRS Issues Guidance on Telecommunication Network Assets; Industry Issue Resolution Program Resolves Disputes
IR-2011-36, April 4, 2011 — The IRS announced that it has published guidance for taxpayers in the telecommunications industry with the aim of resolving disputes involving the capitalization and depreciation of network assets.  See Rev Proc-2011-28, Rev Proc-2011-27 and Rev Proc-2011-22 for additional guidance.

Treasury Dept. and IRS Extend the Deadline for Filing Form 8939 Beyond the Previously Set April 18; Guidance to Follow with a New Deadline
IR-2011-33, March 31, 2011 — The Treasury Department and the IRS announced that Form 8939 is not due on April 18, 2011, and should not be filed with the final Form 1040 of persons who died in 2010. New guidance will be issued.

IRS Expands and Makes Permanent Its Compliance Assurance Process (CAP) for Large Corporate Taxpayers
IR-2011-32, March 31, 2011 — IRS officials announced that the six-year-old Compliance Assurance Process (CAP) pilot program for large corporate taxpayers is being expanded and made permanent.

IRS Issues Interim Guidance on Informational Reporting of Employer-Sponsored Health Coverage
IR-2011-31, March 29, 2011 — The Internal Revenue Service today issued interim guidance to employers on informational reporting on each employee's annual Form W-2 of the cost of the health insurance coverage they sponsor for employees.


IMRS Hot Issues - April 1, 2011

Contact information change for the International CAF Function; New Effort to Help Struggling Taxpayers Get a Fresh Start; Changes Made to Lien Process; Allowable Living Expense Standards for 2011 Updated and more . . .


IRS Technical Guidance


Notice 2011-32 designates the Japan earthquake and tsunami occurring in March 2011 as a qualified disaster for purposes of § 139 of the Internal Revenue Code.  Notice 2011-32 will be published in Internal Revenue Bulletin 2011-18, dated May 2, 2011.


Notice 2011-26 informs tax return preparers of administrative exemptions from the new electronic filing requirement under section 6011(e)(3) of the Internal Revenue Code and §§ 1.6011-7 and 301.6011-7 of the Regulations on Procedure and Administration.

Notice 2011-27 solely for calendar year 2011, provides transitional guidance relating to the new electronic filing requirement under section 6011(e)(3) of the Internal Revenue Code and corresponding regulations, specifically regarding the filing restrictions placed upon specified tax return preparers by that Code section and § 301.6011-7(a)(4)(i).


Revenue Procedure 2011-25 provides guidance to specified tax return preparers regarding the time for filing and manner (form and content) of requests for waiver of the electronic filing requirement due to undue hardship, under section 6011(e)(3) of the Internal Revenue Code and §§ 1.6011-7 and 301.6011-7 of the Regulations on Procedure and Administration.


Revenue Procedure 2011-26 provides guidance on the new 100 percent bonus depreciation from the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. Specifically it explains the eligibility requirements for qualified property to be eligible for the 100 percent additional first year depreciation deduction.


TD 9518 Final Regulations  provides guidance on the requirement for "specified tax return preparers" to file individual income tax returns using magnetic media pursuant to section 6011(e)(3) of the Internal Revenue Code (Code). The publication and effective date is March 30.




National/Local Phone Forums and Webinars for Practitioners

·         Accessing IRS Records, April 27, 2011


IRS Nationwide Tax Forums 

The first forum will be held in Atlanta, Georgia, starting June 28 - 30.


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


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




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