Podcasts

  • Treasury and IRS Propose Rules for Affordable Care Act Information Reporting

    The Treasury Department and the Internal Revenue Service have issued proposed regulations to implement the information reporting requirements for insurers and certain employers under the Affordable Care Act, Accounting Today reports. The ACA provides for information reporting by insurers, self-insuring employers and other parties that provide health coverage. It also provides for information reporting by…

  • IRS Raises Fees For Installment Payments and Offers in Compromise

    The Internal Revenue Service has released proposed regulations that would increase the user fees for installment payment agreements and offers in compromise. The IRS has not raised the fees for paying off outstanding tax debts since 2007. The IRS currently charges $105 for entering into an installment agreement, except that the fee is $52 for…

  • IRS Sends EA Termination Letters

    The Internal Revenue Service has sent letters to Enrolled Agents who have not renewed their status for one or two renewal cycles.  The letters set out the requirements to be reinstated.  The termination letters read, in part: 

  • IRS Notifies Tax Professionals with Expired PTIN Numbers

    The Internal Revenue Services has notified tax preparation professionals who have Preparer Tax Identification Numbers (PTINs) that expired on December 31, 201X , that they must renew their PTINs. The letters state, in part:

  • IRS Sent Refunds to ‘Unauthorized’ Workers

    In what appears to be a significant oversight, the Internal Revenue Service sent a total of $46,378,040 in refunds to “unauthorized” workers at one address in Atlanta, Ga., according to a report from the Treasury Inspector General for Tax Administration (TIGTA).

  • IRS Employees Furlough

      While most Americans are planning for Memorial Day – and may skip work on Friday, May 24, to get an early start on the holiday – the employees of the Internal Revenue Service will be taking that Friday off as an unpaid furlough day.

  • IRS2Go Now Available in Spanish

      The Internal Revenue Service has announced the release of IRS2Go 3.0, an update to its smartphone application that offers practical tax tools and information for the first time in either Spanish or English. The free mobile app offers taxpayers a number of safe and secure ways to access popular tools and the most up-to-date…

  • Oregon Tax Preparers who Preyed on Immigrants are Shut Down…

    Oregon Tax Preparers who Preyed on Immigrants are Shut Down, officials say The Oregon State Board of Tax Practitioners, in cooperation with the Oregon Department of Justice, recently put two Oregon tax preparers out of business.   In February, the Board of Tax Practitioners levied a $22,350 fine against Aracely Hernandez of Hillsboro. She prepared…

  • What are TaxPro Websites from SiteDart Hosting?

    SiteDart TaxPro Websites are more than an online business card. These template-driven, tax professional websites let you choose the features you need, so you can continue providing the convenient, quality service clients expect—even when you’re not in the office:  Accept secure online payments for tax preparation services Allow customers to schedule appointments that sync to your…

  • What are the signs of identity theft tax refund fraud?

    The IRS’ “Taxpayer Guide to Identity Theft” details seven signs that your information may have been stolen: You get a letter from the IRS inquiring about a suspicious tax return that you did not file. You can’t e-file your tax return because of a duplicate Social Security number. You get a tax transcript in the mail…