- Reporting Foreign Financial Accounts on the FBAR Webinar will be held on June 1, 2011. (See below for additional information).
- San Jose is one of six locations to host the Nationwide Tax Forums this year: The forums are three-day events presented by IRS experts and partner organizations that offer up-to-date information on federal and state tax issues and the opportunity to receive up to 18 continuing education credits. In a 2010 survey, the forums received a 95 percent satisfaction rate. This year, 40 different topics are being covered, each qualifying for continuing professional education credit for enrolled agents and certified public accountants. (See below, "IRS Nationwide Tax Forums" link for additional information)
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Newsroom May 20, 2011
Prepared Remarks of IRS Commissioner Doug Shulman to the Leaders & Legends Series, Johns Hopkins Carey Business School, Baltimore
IR-2011-55, May 18, 2011 — IRS Commissioner Shulman spoke to a gathering at the
IRS Marks Small Business Week by Showcasing Tools, Resources; Spotlights Tax Benefits Available in 2011
IR-2011-54, May 17, 2011 ― Those who are self-employed or own a small business can find out about certain tax benefits and IRS resources that can help them meet their federal tax obligations.
Interest Rates Remain the Same for the Third Quarter of 2011
IR-2011-53, May 16, 2011 — Interest rates remain the same for the 3rd quarter of 2011 as they were in the 2nd quarter.
Retirement News for Employers, Spring 2011 - May 17, 2011
Retirement Plans for Self-Employed People, Higher Education Organizations Have to Comply with the Universal Availability Rule, Are You Covered by an Employer’s Retirement Plan?, New Small Business Retirement Plan Resources Web Page and more . . .
The third party reporting information center has up-to-date information to help you stay current with changes in information reporting.
IRS Technical Guidance
Notice 2011-42 provides interim guidance to third party settlement organizations (TPSO) (as defined under section 6050W of the Internal Revenue Code (Code) and its accompanying regulations) on backup withholding obligations under section 3406 of the Code and its accompanying regulations.
Information reporting by government entities (3% withholding)
REG-151687-10 contains proposed regulations for government entities withholding on payments to persons providing property or services. The deadline for submitting comments on the proposed regulations is Aug. 8.
TD 9524 contains final regulations for withholding by government entities.
2012 HSA limits adjusted for inflation
Rev. Proc. 2011-32 has the 2012 deduction limitations for annual contributions to health savings accounts.
Events
National/Local Phone Forums and Webinars for Practitioners
- Reporting Foreign Financial Accounts on the FBAR (Webinar), June 1, 2011
- The Examination Process for Employment Tax Returns, June 22, 2011
TEGE
IRS Nationwide Tax Forums - Plan ahead and take advantage of early registration savings!
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