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Newsroom July 15, 2011
Treasury and IRS Issue Guidance Outlining Phased Implementation of FATCA Beginning in 2013
IR-2011-76, July 14, 2011 — The Treasury Department and the Internal Revenue Service today issued a notice announcing plans to phase in the requirements of the Foreign Account Tax Compliance Act (FATCA).
IRS Nationwide “Fresh Start” Open House Set for Saturday July 16
IR-2011-75 July 13, 2011 –– More than 70 Taxpayer Assistance Centers will be open from 9 a.m. to 2 p.m. local time.
IRS Identifies 100,000 Preparers Who Failed to Follow New PTIN Rules
IR-2011-74, July 12, 2011 — As part of its new oversight program of the nation’s tax return preparation industry, the IRS announced it will send letters to approximately 100,000 tax return preparers who prepared returns in 2011 but failed to follow new requirements.
IRS Urges Taxpayers to Avoid Becoming Victims of Tax Scams
IR-2011-73, July 11-2011 — Taxpayers are encoraged to be on their guard against those who would encourage them to file tax returns with false claims to get refunds to which they are not entitled.
IMRS Hot Issues - July 1, 2011
CP 2000 Notices on “dotted line” Entries, Notice 2011-45, and the Related Final Regulation TD 9527, Regulations Governing Practice Before the Internal Revenue Service, Standard Mileage Rates Change on July 1 and more . . .
IRS Technical Guidance
Tax Exempt Bonds Questionnaire Project: Final Report on Governmental and Charitable Financings
The Tax Exempt Bonds function of the IRS Tax Exempt and Government Entities Division has published the final report on its Tax-Exempt Charitable Financings Compliance Check Questionnaire and Governmental Bond Financings Compliance Check Questionnaire projects.
Employee Plans News Issue Number: 2011-5 - Inside This Issue
2009 Form 8955-SSA and 2010 Form 5500-EZ Released, Form 5500 – Special Extensions of Time to File, Employee Plans Rulings & Agreements Priority Items and more . . .
Section 3402(t) Withholding Delayed Until 2013; FSLG and the National Research Program; Withholding Agents and Form 1042-S; FSLG Offers Webinars to Governments; Repeal of Expanded Information Reporting; Directory of FSLG Specialists
IRS Video Explains How to Regain Exempt Status
The IRS explains how small nonprofits can get their tax-exempt status reinstated in this new YouTube video
Watch this and other videos on the IRS’s YouTube Channel
The Summer 2011 issue of SSA/IRS Reporter is now available online in English and Spanish.
Find it easy to spread the word about key income tax topics! This page offers you electronic communication materials to use in reaching out to the people you serve. Get free news you can use each month, targeted by time of year to coincide with what your customers, employees, volunteers, etc. need to know about new tax law legislation, IRS events and other activities that affect them.
Events
National/Local Phone Forums and Webinars for Practitioners
- Direct Sellers (Webinar) - July 27, 2011
- The IRS Fresh Start Initiative - August 31, 2011
Information for Tax Exempt Bond Community:
· Ethics For Employee Plans Practitioners - July 29, 2011
· EPCRS : Plan Correction Issues - August 25, 2011
IRS Nationwide Tax Forums - Plan ahead – Here are the locations for the 2011 Forums!
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 IRS.gov.
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