I hope all is going well with you.
Below is IRS News and Events from Stakeholder Liaison.
I have also attached a flyer for the, West Coast Tax Representation Conference - Representation & Your Tax Practice two-day seminar for Enrolled Agents, CPAs, Attorneys and CTECs which will be held on June 26th, 27th in Foster City, California.
Karen Hawkins, Director of IRS' Office of Professional Responsibility (OPR), and Peter Panuthos, Washington DC Tax Court Judge, will be among the speakers for this event. There is an intermediate and an advanced track where each track qualifies for 16 hours of CPE. See above attached flyer for additional information.
Please share the information with your members and colleagues. Select the blue links to see the full article.
Newsroom
Grant, Kay Named to IRS Leadership Posts
IR-2013-47, May 8, 2013 — The IRS announced the selection of Joseph H. Grant as commissioner of the Tax Exempt and Government Entities Division and Sheldon Kay as Chief of Appeals.
IRS Seeking Applications for Volunteer Tax Assistance Program Grants
IR-2013-46, May 6, 2013 — The IRS is accepting applications for the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grant programs, which will allow some organizations to apply for annual funding for up to three years.
IR-2013-45, May 1, 2013 — The IRS announced it is accepting applications for the Internal Revenue Service Advisory Council through June 14, 2013.
IRS Releases Final Report on Tax-Exempt Colleges and Universities Compliance Project
IR-2013-44, April 25, 2013 — The IRS today released its final report summarizing audit results from the IRS’ colleges and universities study, which began in 2008. This final report describes the agency’s multi-year project on a major segment of tax-exempt organizations.
Information Reporting Program Advisory Committee (IRPAC) Open Season
The Internal Revenue Service (IRS) is requesting nominations for membership in the Information Reporting Program Advisory Committee (IRPAC) for a three-year term beginning in January 2014. Written nominations must be received on or before May 31, 2013.
(2012 Information Reporting Program Advisory Committee (IRPAC) Public Reports)
IRS Tax Tip 2013-57 IRS Fresh Start Program Helps Taxpayers Who Owe the IRS
The IRS Fresh Start program makes it easier for taxpayers to pay back taxes and avoid tax liens. Even small business taxpayers may benefit from Fresh Start.
See Tax Tips for other tips you can share with your clients!
IRS Furlough days, from IRS Media Relations
For your planning purposes, the first furlough days will be May 24, June 14, July 5, July 22 and August 30, with another two days possible in August or September. All public-facing operations will be closed on these dates, including our toll-free operations and Taxpayer Assistance Centers.
IRS announces penalty relief available to certain filers, IRS expands identity theft efforts, IRS updates Allowable Living Expense Standards; revises collection forms, Enrolled agent updates and more . . .
IRS Technical Guidance
Proposed regulations would amend the rules regarding coverage for certain preventive services without cost sharing under the Patient Protection and Affordable Care Act. (IRB-2013-18, April 29, 2013)
Rev. Proc. 2013-26 rules by which the Internal Revenue Service will allow a taxpayer to use a simplified proportional method of accounting for original issue discount (“OID”) on pools of credit card receivables under § 1272(a)(6). The proportional method is intended to reduce administrative burdens and controversy for taxpayers and the Service. Revenue Procedure 2013-26 will appear in IRB 2013-22 dated May 28, 2013.
Rev. Proc. 2013-25 - This revenue procedure provides the 2014 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under § 223 of the Internal Revenue Code.
Rev. Proc. 2013-24 - This revenue procedure provides definitions of units of property and major components taxpayers may use to determine whether expenditures to maintain, replace, or improve steam or electric power generation property must be capitalized under § 263(a) of the Internal Revenue Code.
Notice 2013-31 - Determination of housing cost amount eligible for exclusion or deduction for 2013. - This notice provides adjustments to the limitation on housing expenses for purposes of section 911 of the Internal Revenue Code (Code) for specific locations for 2013. These adjustments are made on the basis of geographic differences in housing costs relative to housing costs in the
Notice 2013-30 - Filing and Payment Extension For Those Affected By The Boston Marathon Explosions - This notice provides a 3-month extension of time to file and pay tax under sections 6081 and 6161 of the Internal Revenue Code (Code) for those individuals affected by the Boston Marathon explosions.
Notice 2013-27 - Maximum Vehicle Values for 2013 for Use of Vehicle Cents-Per-Mile and Fleet-Average Valuation Rules - This notice provides the maximum vehicle values for 2013 that taxpayers need to determine the value of personal use of employer-provided vehicles under the special valuation rules provided under section 1.61-21(d) and (e) of the Income Tax Regulations. (IRB-2013-18, April 29, 2013)
Announcement 2013-30 - Section 1446 Tax for Fiscal Year Partnerships in 2013
Partnerships that have effectively connected taxable income (ECTI) allocable to
a foreign partner must file a 2012 Form 8804, Annual Return for Partnership
Withholding Tax (Section 1446), for any taxable year that begins in 2012.
Memorandom SBSE-05-0413-0742 - collection due process cases procedures updates, provides changes to Internal Revenue Manual Section 5.19.8.4 related to collection due process (CDP) cases, including timing of transferred cases.
New features debut on EO’s webpages
With more than 1 million visitors a month, EO’s website is a main source of information about tax administration for many in the tax-exempt sector. Continual updates and improvements help make the visit more efficient and rewarding for those readers.
Publication 1854 , How To Prepare A Collection Information Statement (Form 433-A), has been updated.
Revised Publication 4235, Collection Advisory Group Addresses (rev 0313) posted to IRS.gov
IRS Draft Tax Forms, including Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, and Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding, for 2014.
Events
IRS Nationwide Tax Forums 2013 Locations and Dates
For dates and more, go to the National Tax Forum website.
Phone Forums
Retirement Plans – Phone Forums & Webinars
· What You Need to Know About the IRS Final 401(k) Questionnaire Report and Next Steps - May 13, 2013
· 403(b) Corrections and Examination Trends - May 23, 2013
California Workshops for Small Business Owners
Please share this link with your small business clients. The workshops provide detailed instructional lessons that cover their tax filing, paying and operating requirements and responsibilities.
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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