by Rupinder | Jul 28, 2017 | Uncategorized
The IRS has issued regulations updating the due dates and time extensions for filing certain tax returns and information returns to reflect recent laws. The changes are set out in final and temporary regulations (T.D. 9821) issued July 18 and will bring those dates...
by Rupinder | Jun 30, 2017 | Uncategorized
A House panel on June 29 approved a bill calling for an additional $149 million cut to the IRS budget. The proposal would also limit the agency’s oversight of conservation easements, tax-exempt organizations, and estate taxes. The bill protects “the rights...
by Rupinder | Jun 26, 2017 | Uncategorized
The IRS is now accepting renewal applications for the ITINs set to expire at the end of 2017. The agency urges taxpayers affected by changes to the ITIN program to submit their renewal applications as soon as possible to avoid the rush. In the second year of the...
by Rupinder | Jun 23, 2017 | Uncategorized
The IRS, state tax agencies and the tax industry today warned tax professionals to beware of phishing emails purporting to be from a tax software education provider and seeking extensive amounts of sensitive preparer data. The email’s origin is unknown but likely...
by Rupinder | Jun 21, 2017 | Uncategorized
The IRS has announced it will begin issuing new and renewal PTINS at no cost beginning today. The change follows the suspension of the PTIN program as a result of the June 1 court decision in Steele v. United States, where the U.S. District Court for the District of...
by Rupinder | Jun 5, 2017 | Uncategorized
On June 1, 2017, the United States District Court for the District of Columbia upheld the Internal Revenue Service’s authority to require the use of a Preparer Tax Identification Number (PTIN), but enjoined the IRS from charging a user fee for the issuance and renewal...
