Practitioner Information :
The ARRA 2009 Information Center
Where to file for Tax Professionals for use in Calendar year 2010
Nationwide Tax Forum Information (view presentations from past forums)
CPE credit is available for some of the Tax Forum Online presentations
Tax Practitioner Audio and Video Presentations
Tax Information on Donated Property
TAX HINTS for TAX PROFESSIONALS
Latest News
Expanded Recovery Act Tax Credits Help Homeowners Winterize their Homes, Save Energy; Check Tax Credit Certification Before You Buy, IRS Advises
IR-2009-98, Oct. 29, 2009 — People can now weatherize their homes and be rewarded for their efforts. Homeowners making energy-saving improvements this fall can cut their winter heating bills and lower their 2009 tax bill as well.
IRS 2009 IRPAC Report Made Available
IR-2009-97, Oct. 28, 2009 — The Information Reporting Program Advisory Committee (IRPAC) released the advisory group’s 2009 recommendations on a wide range of tax administration issues.
New Form Aids Processing of Mortgage Applications, Makes Ordering Tax Transcripts Simpler
IR-2009-96, Oct. 21, 2009 — The Internal Revenue Service today issued a new form that will make it simpler for people, especially homeowners trying to modify or refinance their mortgages, to order copies of their tax return transcripts.
IRS Commissioner Doug Shulman addressed the National Association of Corporate Directors Governance Conference
IR-2009-95, Oct. 19, 2009 — Prepared Remarks of IRS Commissioner Doug Shulman before the 2009 NACD Corporate Governance Conference in
News Releases for October 2009
IRS 2009 IRPAC Report Made Available
IR-2009-97, Oct. 28, 2009 — The Information Reporting Program Advisory Committee (IRPAC) released the advisory group’s 2009 recommendations on a wide range of tax administration issues.
Welcome to the resource center for members of the media – online tools and information straight from the source available in both English and Spanish. Here you’ll find links to a variety of resources and multimedia files to help you report the latest tax news. We have press kits, news releases and public service advertisements, as well as sound bites, radio spots and more.
LEGISLATIVE AFFAIRS: Legislative Update
On Tuesday, October 27th, Sen. Max Baucus introduced S. 1934, “Foreign Account Tax Compliance Act of 2009,” which would prevent the avoidance of tax on income from assets held abroad. The bill would strengthen the foreign trust reporting penalty, extend the statute of limitations under Code section 6501(c)(8), and increase the penalty on understatements for undisclosed foreign assets. S. 1934 was referred to the Senate Committee on Finance. A companion bill, H.R. 3933, was introduced in the House by Rep. Charles Rangel, and was referred to the House Committee on Ways and Means.
On Thursday, October 29th, Senate Majority Leader Harry Reid filed a motion to close debate on the Reid/Baucus amendment, and H.R. 3548, “Unemployment Compensation Extension Act of 2009.” A cloture vote will occur on Monday, November 2nd. The Reid/Baucus amendment would extend and expand the first-time homebuyer credit, enhance IRS authority with respect to the first-time homebuyer tax credit, extend and expand the net operating loss carry-back, and increase penalties for taxpayers that fail to timely file partnership and S Corporation returns.
On Thursday, October 29th, the House and Senate passed the Conference Report to H.R. 2996, “Department of the Interior, Environment, and Related Agencies Appropriations Act, 2010,” thus clearing the measure for the President. Included in the Conference Report is a continuing resolution (CR), which funds the Federal government through December 18, 2009, at FY2009 levels.
On Thursday, October 29th, Rep. John Dingell introduced H.R. 3962, ‘‘Affordable Health Care for America Act,’’ the latest version of a House compromise on healthcare reform. According to House Majority Leader Steny Hoyer, it is anticipated that a manager’s amendment to H.R. 3962 will be made available on Monday or Tuesday of next week. The bill will then proceed to the House Committee on Rules and then be brought to the Floor on either Thursday, November 5th or Friday, November 6th.
NEXT WEEK IN PREVIEW
On Wednesday, November 4th, the Senate Committee on Finance will hold a hearing to consider the nominations of Michael Punke, to be Deputy United States Trade Representative, with the rank of Ambassador; Islam Siddiqui, to be Chief Agricultural Negotiator, Office of the United States Trade Representative, with the rank of Ambassador; and Michael Mundaca, to be Assistant Secretary of the Treasury for Tax Policy. The hearing will take place at 10:00 a.m. in room 215
On Thursday, November 5th, IRS Chief Counsel William Wilkins will testify before the House Committee on Ways and Means Subcommittee on Select Revenue Measures at a hearing on the “Foreign Bank Account Reporting and Tax Compliance.” The hearing will take place at 10:00 a.m. in room 1100
If you would like to be discontinued from this listing please e-mail James.R.Kinsey@irs.gov. Thank you.
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