Tuesday, February 24, 2009
RE: Retirement and 529 Scholarship Account workshop
>
> Please join us for an informative presentation on Retirement and 529 Scholarship Account. You will learn how to prepare for your retirement and plan for your kids to go to college.
>
> The "Retirement and 529 Scholarship Account" workshop is open to anyone who is interested.
>
> Workshop: Retirement and 529 Scholarship Account
> Date and Time: Thursday February 26th, 2009 from 6:00pm - 7:00pm
> Location: 2625 Zanker Rd, San Jose, CA 95134
> Contact: Yolanda Ungo at (408)325-5208/yungoc@ccsj.org for question/registration.
>
> Please help us spread the word to your clients and encourage them to contact Yolanda Ungo to register for the workshop as we would like to know how many would come so we will be well prepared for handouts.
>
> Attached is the flyer for your convenience. Thank you very much.
>
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FW: IRS News and Information - February 20, 2009
Newsroom February 2009
Power of Attorney, Q&A
The IRS continues to receive many inquiries from tax professionals and taxpayers about the appropriate use of the Power of Attorney (POA). The following questions and answers should help clarify several POA issues.
http://www.irs.gov/businesses/small/article/0,,id=180860,00.html
Self-Employed
http://www.irs.gov/businesses/small/article/0,,id=115045,00.html
Tax Provisions in the American Recovery and Reinvestment Act of 2009
Congress has approved and the President has signed new economic stimulus legislation, the American Recovery and Reinvestment Act of 2009. The IRS is working closely with Congress and the administration on the stimulus legislation and will implement tax-related provisions of the new program as quickly as possible. Additional details will be available on this Web site, IRS.gov, as soon as they become available.
http://www.irs.gov/newsroom/article/0,,id=204335,00.html?portlet=6
IRS Tax Tip 2009-09 -Ten Reasons to Visit IRS.gov.
http://www.irs.gov/newsroom/article/0,,id=202649,00.html
Important Note:
CSRs are now enforcing having the taxpayer's DOB AND MIDDLE INITIAL from the practitioner to verify before releasing information or discussing the case.
SBA Warns of Scam
The U.S. Small Business Administration issued a scam alert today to small
businesses, warning them not to respond to letters falsely claiming to have been sent by the SBA asking for bank account information in order to qualify them for federal tax rebates.
http://www.sba.gov/index.html
IRS Partner Headliner
Information Reporting of Payments Made in Settlement of Payment Card and Third Party Network Transactions
Notice 2009-19 invites public comments regarding guidance to be provided persons who will be required to file information returns under section 6050W of the Internal Revenue Code. Section 6050W requires information returns to be made for each calendar year by merchant acquiring entities and third party settlement organizations with respect to payments made in settlement of payment card transactions and third party payment network transactions occurring in that calendar year. This requirement to make information returns applies to returns for calendar years beginning after December 31, 2010. Notice 2009-19 will appear in IRB 2009-10, dated March 9, 2009.
Technical Guidance
IRS Tax Tip 2009-29 - How to Correctly Claim the Recovery Rebate Credit
The IRS sent taxpayers nearly 119 million economic stimulus payments last year. When filing a 2008 federal tax return, taxpayers will need to know the amount of their stimulus payment to properly determine if they are eligible for a recovery rebate credit.
http://www.irs.gov/newsroom/article/0,,id=204092,00.html
Tax Benefits for Businesses Who Have Employees with Disabilities
Events
NATIONAL PHONE FORUM (http://www.irs.gov/businesses/small/article/0,,id=158856,00.html)
- Cancellation of Debt – March 18, 2009
Tax Talk Today.TV (http://www.taxtalktoday.tv/ )
· Surviving the IRS Audit - Tuesday, March 10, 2009
· Specialty Taxes: Estate and Gift and Employment Taxes - Tuesday, May 12, 2009
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