Wednesday, June 26, 2013

FYI: IRS News & Events from Stakeholder Liaison

Hello Everyone,


Below is IRS News & Events from Stakeholder Liaison. 


Please share the below information with your members and colleagues.  Select the blue links to see the full article.  Thank you, and have a great day!


National Taxpayer Advocate Identifies Priority Issues for Upcoming Year; Reports on Exempt Organization Review Concerns
IR-2013-63, June 26, 2013 — The National Taxpayer Advocate has released a mid-year report to Congress identifying the priority issues the Taxpayer Advocate Service will address during the upcoming fiscal year.   

Report Outlines Changes for IRS To Ensure Accountability, Chart a Path Forward; Immediate Actions, Next Steps Outlined
IR-2013-62, June 24, 2013 ― IRS Principal Deputy Commissioner Werfel issued a report outlining new actions and next steps to fix problems uncovered with the IRS’ review of tax-exempt applications and improve the wider processes and operations in place at the IRS.

IRS Electronic Tax Administration Advisory Committee Delivers Report to Congress
IR-2013-61, June 19, 2013 — The Electronic Tax Administration Advisory Committee (ETAAC) presented its 2013 Annual Report to Congress with recommendations on electronic tax administration. 

IRS Charts a Path Forward with Immediate Actions
The IRS is outlining new actions and next steps to fix problems uncovered with the IRS’ review of tax-exempt applications and improve the wider processes and operations in place at the IRS. 

IRS Conferences and Cost Savings FY2010 Thru FY2012
Check here for IRS comments and additional information regarding the report issued by the Treasury Inspector General for Tax Administration on IRS conferences from FY 2010 through the end of FY 2012.


Management Veterans Selected to Assist New IRS Acting Commissioner Werfel; Maloy, Grams, Fisher Named to Senior Posts
IR-2013-59, June 3, 2013 ― The IRS today announced the selection of several senior leaders to assist new Acting Commissioner Danny Werfel.


Spring 2013 Statistics of Income Bulletin Now Available
IR-2013-58, May 31, 2013 — The spring 2013 issue of the IRS Statistics of Income Bulletin, which features information on high-income individual income tax returns filed for tax year 2010, is now available on


IRS Accepting Applications for Low Income Taxpayer Clinic Grants
IR-2013-57, May 30, 2013 — The IRS announced the opening of the 2014 Low Income Taxpayer Clinic (LITC) grant application process.


IMRS Hot Issues

New features debut on Exempt Organization’s webpages, Refunds for canceled registered tax return preparer tests, IRS closed due to budget and sequester and more . . .

IRS Technical Guidance


E-Services: Disclosure Authorization and Electronic Account Resolution Applications Retire in August

Due largely to low usage, the IRS will retire and remove the Disclosure Authorization (DA) and Electronic Account Resolution (EAR) applications from e-Services effective Aug. 11.


Financial Crimes Enforcement Network (FinCEN) Final Rule on FBAR Responsibilities

Review the Final Rule on Foreign Bank and Financial Accounts Report (FBAR) Responsibilities, published Feb. 24, 2011, to determine if your clients need to file TD F 90-22.1, FBAR, by June 30, 2013.

Revenue Procedure 2013-32 changes IRS letter ruling policy concerning spin-offs, reorganizations and other corporate nonrecognition transactions. The IRS will no longer rule on whether such transactions generally qualify for tax-free treatment, but will instead rule only on significant issues presented therein.  Revenue Procedure 2013-32 will appear in IRB 2013-28 dated July 8, 2013. 

Rev. Rul. 2013-14 - Is the fideicomiso or Mexican Land Trust arrangement (“MLT”), a trust under Treasury Regulation § 301.7701-4(a)?

Notice 2013-42 provides relief from the § 5000A shared responsibility payment for specified individuals who are eligible to enroll in certain eligible employer-sponsored health plans with a plan year other than a calendar year (non-calendar year plans) if the plan year begins in 2013 and ends in 2014. 

Notice 2013-41 provides guidance on whether or when, for purposes of the premium tax credit under § 36B of the Internal Revenue Code, an individual is eligible for minimum essential coverage under the Medicaid, Medicare, or TRICARE government-sponsored health programs or under a student health plan or state high risk pool.
Both Notice 2013-41 & Notice 2013-42 will be in IRB 2013-29, dated July 15, 2013. 

Notice 2013-40 - This notice provides for the suspension of certain requirements under § 42 of the Code for low-income housing credit projects to provide emergency housing relief needed as a result of the devastation caused by severe storms and tornadoes in the State of Oklahoma.


Notice 2013-39 - This notice provides relief from certain requirements in § 142(d) to issuers of tax-exempt bonds that approve the housing of individuals displaced due to the effects of severe storms in Oklahoma in residential rental projects financed with tax-exempt bonds under § 142(d).


T.D. 9619 - Final regulations under section 336(e) of the Code provide for an election to treat the sale, exchange, or distribution of at least 80 percent of the stock of a domestic subsidiary corporation or a subchapter S corporation as a sale of the corporation’s assets, rather than a sale of its stock.


REG-126633-12 - These proposed regulations provide guidance on the interpretation and application of section 833(c)(5). They guide certain health care organizations in computing and applying the medical loss ratio added to the Code by the Patient Protection and Affordable Care Act. A public hearing is scheduled for September 17, 2013.


T.D. 9618 - This final regulation extends the period for submission to the IRS of taxpayer authorizations permitting disclosure of returns and return information to third-party designees. Notice 2010-8 is obsolete as of May 7, 2013.


REG-125398-12 - Proposed regulations provide rules under section 36B of the Code relating to the health insurance premium tax credit, enacted by section 1401 of the Affordable Care Act, including rules for determining whether an eligible employer-sponsored plan provides minimum value.



Charities & Other Non-Profits

· Veterans Organizations – Complying with IRS Rules: Tips to help veterans organizations stay tax exempt - June 30, 2 p.m. EDT

· Charities and Their Volunteers - July 17, 2013 at 2:00 PM EDT


Federal, State, and Local Governments

· Phone Forum for FICA Replacement Plans - June 27, 2013 at 2 p.m. EDT


IRS Nationwide Tax Forums 2013 Locations and Dates

For dates and more, go to the National Tax Forum website.


California Workshops for Small Business Owners

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

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


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


Jennifer Henrie-Brown, ID #94-07690
Stakeholder Liaison Specialist
Communications Stakeholder Outreach
510-637-2199/ fax 510-637-2434


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