Tuesday, November 17, 2009
Sunday, November 15, 2009
IRS News Events from Stakeholder Liaison - 13 November 2009.doc
Practitioner E-mail Group,
Newsroom November 13, 2009
IRS Announces 2010 VITA Grant Recipients
IR-2009-104, Nov. 10, 2009 — The IRS awarded nearly $8 million in matching grants to support its Volunteer Income Tax Assistance program.
Nov. 18 Webinar for Tax Professionals Details Benefits of E-File
IR-2009-103, Nov. 10, 2009 — Tax professionals can hear first hand from their colleagues and e-mail questions to the Internal Revenue Service about the benefits of IRS e-file during a free Nov. 18 webinar, “E-file: Building the Case, A Panel Discussion with Tax Professionals.”
New Members, Chairman Selected for ETAAC
IR-2009-102, Nov. 9, 2009 — The Internal Revenue Service announced the selection of four new members and a Chairman for the Electronic Tax Administration Advisory Committee (ETAAC). The Treasury Department and the IRS Commissioner have approved the new members to serve a three-year term beginning October 2009 and ending October 2012.
H.R. 3548 - Unemployment Compensation Extension Act of 2009
On Friday, November 6, 2009, the President signed into law H.R. 3548, the “Worker, Homeownership, and Business Assistance Act of 2009,” which provides an additional 14 weeks of emergency unemployment compensation (EUC) in all States and six additional weeks of EUC in very high unemployment States; extends the Federal Unemployment Tax Act surtax through June 30, 2011; extends the $8,000 First-Time Homebuyer Tax Credit through April 30, 2010, and provides a $6,500 credit to certain other homebuyers through April 30, 2010; increases from two to five preceding years the period for which businesses can offset net operation losses in 2008 and 2009 against income; and makes certain other changes to Federal unemployment programs and tax laws.
IRS is adding the Form 1040, Form 4868, and 21 1040-related forms and schedules to the Modernized e-File (MeF) platform. This initial rollout will feature the most commonly filed forms.
- The Assurance Testing System (ATS) will open November 2, 2009.
- 1040 MeF Production will open on February 17, 2010.
Technical Guidance
New! Compliance Guide for Non-501(c)(3) Tax-Exempt Organizations
In Exempt Organizations' newest compliance guide, Pub. 4221-NC, Compliance Guide for Tax-Exempt Organizations (other than 501(c)(3) Public Charities and Private Foundations), the IRS addresses activities that could jeopardize an organization's exempt status and discusses the general recordkeeping, reporting and disclosure responsibilities that apply to non-501(c)(3) exempt organizations.
Events
National Phone Forums (http://www.irs.gov/businesses/small/article/0,,id=158856,00.html)
· E-file: Building the Case — A Panel Discussion with Tax Professionals — Webinar (11/18/2009)
Western Conference on Tax-Exempt Organizations - November 19-20, 2009
At the Sheraton Los Angeles Downtown Hotel in
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.
If you would like to discontinue receiving my local Stakeholder Liaison e-mails, please e-mail me at James.R.Kinsey @irs.gov and request removal of your name.
James R. Kinsey
Sr Stakeholder Liaison Specialist
Communication, Liaison & Disclosure
SB/SE Division
Work 408-817-6842
Fax 408-817-4601
Monday, November 2, 2009
IRS Electronic Distribution
Practitioner E-mail Group:
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.
James R. Kinsey
Sr Stakeholder Liaison Specialist
Communication, Liaison & Disclosure
SB/SE Division
Work 408-817-6842
Fax 408-817-4601
Tuesday, October 27, 2009
Correspondence Examinations (Audio, Transcript)
Tax Practitioner Video and Audio Presentations | |||||||||||||||||||
|
James R. Kinsey
Sr Stakeholder Liaison Specialist
Communication, Liaison & Disclosure
SB/SE Division
Work 408-817-6842
Fax 408-817-4601
Friday, October 23, 2009
IRS News and Information Oct 23, 2009
Practitioner e-mail group:
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.
IR-2009-95, Oct. 19, 2009 — Prepared Remarks of IRS Commissioner Doug Shulman before the 2009 NACD Corporate Governance Conference in
New Video Series Helps Exempt Organizations Understand Redesigned Form 990 Requirements
IR-2009-92, Oct. 14, 2009 — The Internal Revenue Service has launched a new case study and video program to help exempt organizations and their tax preparers better understand the newly revised Form 990 series which must be filed for the 2008 tax year.
New IRS Retirement Plan Navigator Aims to Help Small Businesses
IR-2009-91, Oct. 13, 2009 — The Internal Revenue Service has created a new Web-based tool to help small business owners determine which tax-favored pension plan best suits their needs and how to keep their plans in compliance.
SSA W-2 News, Issue 2009-04, October 14, 2009
Business Services Online Not Available from October 31 until November 2, 2009
http://www.irs.gov/newsroom/article/0,,id=213862,00.html?portlet=6 -- Reminder of phishing and identiy theft
Technical Guidance
IRS Announces Pension Plan Limitations for 2010
The Internal Revenue Service today announced cost of living adjustments applicable to dollar limitations for pension plans and other items for Tax Year 2010
Sets forth the cost-of-living adjustments to certain items for 2010 as required under various provisions of the Code.
If You Have Losses, Know Your Disclosure Requirements
The IRS is reminding taxpayers to use Form 8886 to disclose information for each reportable transaction in which they participated. Generally, Form 8886 must be attached to the tax return for each tax year in which there was participation in a reportable transaction.
Events
Free IRS Webinar – e-File improves tax professionals’ business
National Phone Forums (http://www.irs.gov/businesses/small/article/0,,id=158856,00.html)
Internal Revenue Service Webinar
· The Business Case for e-file: A Panel Discussion with Tax Professionals, Tuesday, October 27, 2009
NSCPA Southwest Tax Conference, December 8~9, 2009
· The Southwest Tax Conference includes individual, small business, large to mid-size companies, regulations, and multi-state items. Hear from tax experts, earn up to 16 hours of CPE all in
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.
If you would like to discontinue receiving my local Stakeholder Liaison e-mails, please e-mail me at James.R.Kinsey@irs.gov and request removal of your name.
Subscribe to:
Posts (Atom)