document.createElement(‘aside’); http://www.accountingtoday.com Print Email Reprints The Internal Revenue Service is changing the process for requesting documents from tax-exempt groups. The IRS’s Tax Exempt and Government Entities Division issued new internal guidance Monday for its agents for issuing information document requests, or IDRs, which the agency issues during examinations to learn more about an organization. The […]

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document.createElement(‘aside’); http://www.accountingtoday.com Print Email Reprints I think they might want to state the refund issue a different way. According to the IRS Website: “Expecting a refund? Some Refunds must be held until Feb. 15. According to a new tax law change, the IRS cannot issue refunds before Feb. 15 for tax returns that claim the […]

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The Internal Revenue Service needs to provide better security when transmitting taxpayers’ personal information to outside government agencies, banks and contractors, according to a new report. The report, from the Treasury Inspector General for Tax Administration, noted that the IRS shares information with various government entities, including federal, state, and local agencies, in addition to […]

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document.createElement(‘aside’); http://www.accountingtoday.com Print Email Reprints The American Institute of CPAs has written a letter to Congress suggesting legislative changes in the new partnership audit regime ushered in by last year’s bipartisan budget deal. Annette Nellen The modifications aim to clarify the operation of provisions in the Bipartisan Budget Act of 2015 related to the “push-out” […]

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Some Internal Revenue Service employees didn’t do enough to protect sensitive taxpayer information when they were sending emails, according to a new report. J. Russell George The report, from the Treasury Inspector General for Tax Administration, found that nearly half the employees whose emails were examined sent unencrypted emails. TIGTA auditors reviewed a random sample […]

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The Internal Revenue Service has launched the second year of its public awareness campaign aimed at improving taxpayer security in partnership with tax software companies, tax preparation chains and state tax authorities. John Koskinen The campaign from the IRS and its partners in its Security Summit program includes a series of security awareness tax tips, […]

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document.createElement(‘aside’); http://www.accountingtoday.com Print Email Reprints The Internal Revenue Service Advisory Council has released its annual report for 2016 to IRS Commissioner John Koskinen, with recommendations on a wide range of tax administration issues, including the belt-tightening service’s consistency regarding penalty administration and fairness to taxpayers. The IRSAC made several recommendations in its report on a […]

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document.createElement(‘aside’); http://www.accountingtoday.com Print Email Reprints The Internal Revenue Service’s Office of Professional Responsibility has created a new online lookup table that allows the public to find out more easily if they have hired a rogue tax practitioner. The new disciplinary look-up tool is basically just a Microsoft Excel file, but it includes searchable information about […]

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The IRS has released a number of draft tax forms and instructions for the 2016 tax year on its website, including Form 1040 and its related schedules. This article, which appears in two parts, highlights key changes made on the 2016 return. The first part examined the draft Form 1040 itself. Part 2 covers related […]

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document.createElement(‘aside’); http://www.accountingtoday.com Print Email Reprints Highlights of some of our favorite tax-related blogs from the past week. Like it is TaxMama: Following “a total paradigm shift in our government,” the nuts and bolts of what Trump’s plan means for changes individuals can expect in their tax lives. Hint: “a mixed bag of goodies and sillies.” […]

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