IRS Links For Practitioners

IRS Information Related to the American Recovery and Reinvestment Act of 2009

http://www.irs.gov/newsroom/article/0,,id=204335,00.html

 

FULL SUMMARY OF PROVISIONS FROM SENATE FINANCE, HOUSE WAYS & MEANS COMMITTEES

http://finance.senate.gov/press/Bpress/2009press/prb021209.pdf

 

National Tax Forums Information

http://www.irs.gov/taxpros/article/0,,id=173843,00.html?portlet=2#NTFO

 

Special Web Section Unveiled for Homeowners Who Lose Homes; Foreclosure Tax Relief Available to Many

 

http://www.irs.gov/newsroom/article/0,,id=174022,00.html

 

Home Foreclosure and Debt Cancellation Q&A http://www.irs.gov/newsroom/article/0,,id=174034,00.html   Mortgage Workouts, Now Tax-Free for Many Homeowners; Claim Relief on Newly-Revised IRS Form http://www.irs.gov/irs/article/0,,id=179073,00.html    Tax Relief for Struggling Homeowners   http://www.irs.gov/pub/irs-pdf/p4705.pdf

http://www.irs.gov/pub/irs-pdf/i1099ac_08.pdf

Information Reporting Program Advisory Committee (IRPAC) Open Season

http://www.irs.gov/taxpros/article/0,,id=180906,00.html

 

http://www.irs.gov/newsroom/content/0,,id=104345,00.html

 

Open Season for Membership in the Internal Revenue Service Advisory Council (IRSAC)

http://www.irs.gov/taxpros/article/0,,id=181791,00.html

 

Fact Sheets 2009

http://www.irs.gov/newsroom/content/0,,id=104575,00.html

 

 

James R. Kinsey

 

Sr Stakeholder Liaison Specialist

Communication, Liaison & Disclosure

SB/SE Division

Work 408-817-6842

Fax 408-817-4601

 

 

 

News Events from IRS Stakeholder Liaison - 24Apr09.doc

Practitioner email group:

 

Please share with your members and colleagues.  Select the blue links to see the full article

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Newsroom                                                                                           April 24, 2009

 

Energy-Saving Steps This Year May Result in Tax Savings Next Year

IR-2009-44, April 22, 2009 — The Internal Revenue Service today reminded individual and business taxpayers that many energy-saving steps taken this year may result in bigger tax savings next year.

 

Tax Credit for Ford Hybrids Begins Phase-Out

IR-2009-42, April 16, 2009 — The tax credit for hybrid passenger automobiles and light trucks manufactured by Ford Motor Company has begun to phase out for purchases made after March 31, 2009, the IRS said.

 

Beware of IRS' 2009 "Dirty Dozen" Tax Scams

IR-2009-41, April 13, 2009 — The IRS issued its 2009 "dirty dozen" list of tax scams, including schemes involving phishing, hiding income offshore and false claims for refunds.

 

Seven Facts about the New Sales Tax Deduction for Vehicle Purchases

Corrected Special Edition Tax Tip 2009-3 – Taxpayers who buy a new car or several other types of motor vehicles this year may be entitled to a special tax deduction when they file their 2009 federal tax returns next year. The tax break is part of the American Recovery and Reinvestment Act of 2009.

 

International Tax Administration

The IRS is focusing on improving international tax administration to deal more effectively with the increase of globalization among individual and business taxpayers. Find out more about IRS' approach.

 

IRS Commissioner Speaks at National Press Club

Read Doug Shulman's speech before the National Press Club on April 13

 

Update on ARRA Recovery Tax Provisions for Individuals and Businesses

Find out about tax deductions, credits and other aspects of the economic recovery law.

 

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Technical Guidance

 

Notice 2009-41 provides procedures that manufacturers may follow to certify property as qualified residential energy efficient property under § 25D of the Internal Revenue Code, as well as guidance regarding the conditions under which taxpayers seeking to claim the § 25D credit may rely on a manufacturer's certification. Notice 2009-41 will appear in IRB 2009-19, dated May 11, 2009.

 

Revenue Ruling 2009-11 provides that differential pay that employers pay to their employees who leave their jobs to go on active military duty is subject to income tax withholding but is not subject to Federal Insurance Contributions Act ("FICA") or Federal Unemployment Tax Act ("FUTA") taxes. It will be published in IRB 2009-18 dated May 4, 2009.

 

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Events

 

National Phone Forums (http://www.irs.gov/businesses/small/article/0,,id=158856,00.html)

·         Proper Worker Classification - Phone Forum (May 20, 2009)

 

Tax Talk Today.TV (http://www.taxtalktoday.tv/ )

·         Specialty Taxes: Estate and Gift and Employment Taxes - Tuesday, May 12, 2009

 

IRS will no longer sponsor Tax Talk Today - The May 12, 2009 program will be the last live Tax Talk Today show.  Archived programs will be available online through Sept. 30, 2009.

 

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I hope you find this information useful in your tax practice.  If you know someone who might want to subscribe to an IRS e-Subscription, please forward this message to them and they may go to the Subscription page on the IRS Web site to subscribe.

 

If you would like to discontinue receiving local Stakeholder Liaison e-mails, please e-mail James.R.Kinsey @irs.gov  and request removal of your name.

 

Thank you,

 

 

 James R. Kinsey

 

Sr Stakeholder Liaison Specialist

Communication, Liaison & Disclosure

SB/SE Division

Work 408-817-6842

Fax 408-817-4601

 

 

April 17 IRS Weekly Distribution

Practitioner email group:

 

Please share with your members and colleagues.  Select the blue links to see the full article

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Newsroom                                                                                           April 17, 2009

 

How to Report and Identify Phishing,E-Mail Scams and Bogus IRS Websites

 

Special Guidance for Certain Expatriates
Form 8854 for 2008 should be available before June 15, 2009.

Prepared Remarks of Doug Shulman, Commissioner of Internal Revenue, Before the National Press Club
The speech was presented April 13, 2009, in Washington, D.C.

Recovery Rebate Credit Information Center
Information on the Recovery Rebate Credit.

Tax Relief in Disaster Situations
Tax relief provisions for disaster situations.

Alternative Motor Vehicle Credit
Feb. 2008 — Information on hybrid cars, including the certified car models and the amount of the tax credit or deduction for each. Frequently updated.

2008 Enforcement Statistics – Very Interesting!

Compliance & Enforcement News
A collection of recent news releases, statements and other items related to IRS compliance and enforcement efforts.

Commissioner's Comments, Statements and Remarks
Various topics including tax administration, the IRS budget and tax shelters.

Voluntary Disclosure
Taxpayers with unreported income may apply for a voluntary disclosure agreement with the IRS.

 

Credit and Debit Card Fees Related to Tax Payment are Deductible
IR-2009-37, April 7, 2009 — Credit or debit card convenience fees charged for paying federal individual income taxes electronically are deductible for some taxpayers who itemize. 

 

IRS Suspends Tax Practitioner for Failing To Provide Service Related to Offers in Compromise
IR-2009-35, April 7, 2009 — An enrolled agent was suspended from practice before the Internal Revenue Service by the Office of Professional Responsibility on April 6 for not performing services related to offers in compromise (OIC) paid for by taxpayers.

IRS Seeks Nominations for Information Reporting Program Advisory Committee
IR-2009-34, April 6, 2009 — Opportunities to work with IRS as a member of the Information Reporting Program Advisory Committee announced today.

IRS Issues Guidance on New Build America Bonds
IR-2009-33, April 3, 2009 — State and local governments may issue taxable bonds for capital projects and receive a new direct federal subsidy payment from the Treasury Department for a portion of their borrowing costs.

Special Tax Break Available for New Car Purchases This Year
IR-2009-30, March 30, 2009 — The IRS announced today that taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns next year.

IRS Partner Headliner

 

Volume 265: FBAR Reporting by Persons with Only Signature Authority or Other Comparable Authority

 

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Technical Guidance

 

Tax Credit for Ford Hybrids Begins Phase-Out
IR-2009-42, April 16, 2009 — The tax credit for hybrid passenger automobiles and light trucks manufactured by Ford Motor Company has begun to phase out for purchases made after March 31, 2009, the IRS said.

Beware of IRS’ 2009 “Dirty Dozen” Tax Scams
IR-2009-41, April 13, 2009 — The IRS issued its 2009 “dirty dozen” list of tax scams, including schemes involving phishing, hiding income offshore and false claims for refunds.

IRS Offers Reminders as Tax Filing Deadline Nears
IR-2009-40, April 10, 2009 — The IRS has advice for those who haven't yet filed their refurn, paid their taxes or requested an extension.

 

Bond Provisions in ARRA

The Internal Revenue Service has issued legal guidance on bond provisions in the American Recovery and Reinvestment Act.

 

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Events

 

National Phone Forums (http://www.irs.gov/businesses/small/article/0,,id=158856,00.html)

 

Tax Talk Today.TV (http://www.taxtalktoday.tv/ )

·         Specialty Taxes: Estate and Gift and Employment Taxes - Tuesday, May 12, 2009

 

IRS will no longer sponsor Tax Talk Today - The May 12, 2009 program will be the last live Tax Talk Today show.  Archived programs will be available online through Sept. 30, 2009.

 

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I hope you find this information useful in your tax practice.  If you know someone who might want to subscribe to an IRS e-Subscription, please forward this message to them and they may go to the Subscription page on the IRS Web site to subscribe.

 

If you would like to discontinue receiving local Stakeholder Liaison e-mails, please e-mail K James.R.Kinsey@irs.gov  and request removal of your name.

 

Thank you,

 

James R. Kinsey

 

Sr Stakeholder Liaison Specialist

Communication, Liaison & Disclosure

SB/SE Division

Work 408-817-6842

Fax 408-817-4601

Special April 15, 2009 Session at VITA @ Milpitas Public Library

Special session 5-8:30 pm April 15, 2009 providing last-minute help with completing and filing extensions, simple tax returns, and answering tax questions. More information at VITA @ Milpitas Public Library in Milpitas, California, Santa Clara County

IRS News and Information April 8, 2009

Practitioner Email Group:

 

 The end of the filing season is getting closer!!! There is a light at the end of the tunnel! 

Please share with your members and colleagues.  Select the blue links to see the full article. If the link does not open, just cut and paste in your address window.

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Newsroom                                                                                   April  8,  2009

 

 

Issue Management Resolution System (IMRS) and Hot Topics

Catch up with the latest IMRS monthly overviews and hot issues.

http://www.irs.gov/businesses/small/article/0,,id=158507,00.html

 

Nine Common Errors Made on Tax Returns

IRS Tax Tip 2009-63 -Errors made on tax returns may delay the processing of your return and the arrival of your refund. Avoiding the common errors below will help ensure your refund arrives on time

http://www.irs.gov/newsroom/article/0,,id=108543,00.html

 

Qualified Transportation Fringe Benefits

Under the American Recovery and Reinvestment Act (ARRA), the monthly tax exclusion for employer-provided commuter highway vehicle transportation and transit pass benefits increased to $230, effective from March through December 2009.

http://www.irs.gov/newsroom/article/0,,id=205664,00.html 

 

Special Tax Break Available for New Car Purchases This Year

IR-2009-30, March 30, 2009 - The Internal Revenue Service announced today that taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns next year.

http://www.irs.gov/newsroom/article/0,,id=205863,00.html

 

IRS Information Related to the American Recovery and Reinvestment Act of 2009

Key highlights of the ARRA 2009 are available on IRS.gov

http://www.irs.gov/newsroom/article/0,,id=204335,00.html?portlet=6,%20,%20http://www.irs.gov/pub/irs-pdf/f5405.pdf,%20http://www.irs.gov/pub/irs-pdf/f5405.pdf 

 

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Technical Guidance

 

Tax Provisions in the American Recovery and Reinvestment Act of 2009 (ARRA)

IR-2009-29, March 26, 2009 First $2,400 of Unemployment Benefits Tax Free for 2009 (3/26/2009)

http://www.irs.gov/newsroom/article/0,,id=205633,00.html

 

 

COBRA Subsidy Provisions of ARRA 2009  

 Additional information on Premium Assistance for COBRA Benefits may be found in Notice 2009-27, Premium Assistance for COBRA Benefits. The notice is in pdf.

 http://www.irs.gov/pub/irs-drop/n-09-27.pdf

 

 

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Events

 

NATIONAL PHONE FORUMS (http://www.irs.gov/businesses/small/article/0,,id=158856,00.html)

 

Tax Talk Today.TV (http://www.taxtalktoday.tv/ )

·         Specialty Taxes: Estate and Gift and Employment Taxes - Tuesday, May 12, 2009

 

IRS will no longer sponsor Tax Talk Today - The May 12, 2009 program will be the last live Tax Talk Today show.  Archived programs will be available online through Sept. 30, 2009.

 

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Quick Alerts

 

Subject: Form 8453 Reminder for Individual e-file Returns Auto forwarded by a Rule

 

Electronic Return Originators are reminded not to mail Tax Year 2008 Forms 8453, U.S. Individual Income Tax Transmittal for an IRS e-file Return, to Andover Submission Processing Center. Forms 8453 should be mailed to the Austin Submission Processing Center per the instructions on page 2 of Form 8453.

 

For your convenience, the mailing address is below.

 

Internal Revenue Service

Attn: Shipping and Receiving, 0254

Receipt and Control Branch

Austin, TX 73344-0254

 

  

I hope you find this information useful in your tax practice.  If you know someone who might want to subscribe to an IRS e-Subscription, please forward this message to them and they may go to the Subscription page on the IRS Web site to subscribe.

 

If you would like to discontinue receiving local Stakeholder Liaison e-mails, please e-mail  James.R.Kinsey@irs.gov  and request removal of your name.

 

Thank you,