Wednesday, July 3, 2013

FYI: IRS News and Events from Stakeholder Liaison

Hello Everyone,
Hope all is going well with you!~
Below is the IRS News and Events from Stakeholder Liaison.  Please share this information with your colleagues and organization's members, etc.  
Have a wonderful 4th of July!



Reminder: IRS to be Closed July 5 Due to Budget and Sequester; Filing and Payment Deadlines Unchanged
IR-2013-64, July 3, 2013 — The IRS today reminded taxpayers that due to the current budget situation, including the sequester, the agency will be shut down on Friday, July 5.


IRS Statement on the Supreme Court Decision on the Defense of Marriage Act
The IRS has issued a statement on the June 26 Supreme Court decision on the Defense of Marriage Act. 


IRS Offers New Streamlined Option to Certain 501(c)(4) Groups Caught in Application Backlog
FS-2013-8, June 2013 — Following a review of internal procedures to reduce the backlog of tax-exempt applications, the IRS is offering certain organizations that have applied for 501(c)(4) status a faster, optional method to gain tax-exempt status.


Highlights from the IRS Report
FS-2013-7, June 2013 — The report released by Principal Deputy Commissioner Danny Werfel reflects a number of important findings, aggressive actions and next steps to help the IRS make improvements.


QuickAlert (7-1-2013):  Electronic Management System (EMS) Downtime:  The Electronic Management System (EMS) located at Martinsburg, West Virginia and Memphis, Tennessee will be unavailable from Wednesday, July 3, 2013, at 11:00 p.m. Eastern Time through Saturday, July 6, 2013, at midnight.  The shutdown is due to the Fourth of July holiday and the current budget situation; all IRS offices are closed on July 4th and 5th, 2013.

The next tentatively scheduled power outage will take place on July 22, 2013.


IMRS Hot Issues

Disclosure Authorization and Electronic Account Resolution retire this August, IRS Closed Due to Budget and Sequester, Mexican Land Trusts Addressed, Questions and Answers on 501(c) Organizations, and more...

Small Business Outreach – Workshop Wednesdays


Tax Tips if You’re Starting a Business
IRS Summertime Tax Tip 2013-02, July 2, 2013


IRS Offers Information, Support and Services for Small Businesses
Special Edition Tax Tip 2013-12, June 17, 2013


IRS Technical Guidance


Reports of Foreign Bank and Financial Accounts (FBARs) for the 2012 filing period are due no later than June 30, 2013. These reports may be filed through the BSA E-Filing System. After July 1, 2013, all FBAR reports must be filed through the BSA E-Filing system. Questions may be directed to FinCEN’s BSA Resource Center at 800-949-2732.


Notice 2013-48 Application of Wash Sale Rules to Money Market Fund Shares

This notice proposes a revenue procedure describing circumstances in which the Internal Revenue Service (IRS) will not treat a redemption of shares in a money market fund as part of a wash sale under § 1091 of the Internal Revenue Code. The proposed revenue procedure provides that if a taxpayer realizes a loss upon a redemption of certain money market fund shares and the amount of the loss is not more than a specified percentage of the taxpayer’s basis in such shares, the IRS will treat such loss as not realized in a wash sale.


Notice 2013-44 announces that the IRS and Treasury will amend the check the box regulations to add the Croatian dionicko drustvo entity to the check the box list of per se corporations. Notice 2013-44 will be in IRB 2013-29, dated July 15, 2013.




Charities & Other Non-Profits

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



Tax Exempt Bonds will host a free phone forum - July 31, 2013 at 2:00 p.m. (Eastern Time) to discuss Schedule K (Form 990). What’s Special about Schedule K (Form 990)?


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 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 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