by Rupinder | Mar 26, 2018 | Uncategorized
Today, Oversight Subcommittee Chairman Lynn Jenkins (R-KS) and Ranking Member John Lewis (D-GA) released a discussion draft entitled “The Taxpayer First Act.” This bipartisan legislation will propose ways to redesign the Internal Revenue Service (IRS) for the first...
by Rupinder | Mar 7, 2018 | Uncategorized
NSA leadership today sent a letter to IRS Acting Commissioner, David Kautter requesting an extension of the time by which a corporation must elect to be treated as an S corporation. The request is made due to the lack of clarity in Section 199A of the Tax Cuts and...
by Rupinder | Mar 1, 2018 | Uncategorized
Updated Withholding Calculator, Form W-4 Released; Calculator Helps Taxpayers Review Withholding Following New Tax Law The IRS released an updated Withholding Calculator on IRS.gov and a new version of Form W-4 to help taxpayers check their 2018 tax withholding...
by Rupinder | Feb 26, 2018 | Uncategorized
NSA Executive Vice President John Ams discussed the prospects for tax preparer regulation with Sen Ron Wyden and two members of the Senate Finance Committee staff at an event over the weekend. EVP Ams reminded Sen. Wyden that NSA and the Accreditation Council for...
by Rupinder | Feb 26, 2018 | Uncategorized
NSA Executive Vice President John Ams discussed the prospects for tax preparer regulation with Sen Ron Wyden and two members of the Senate Finance Committee staff at an event over the weekend. EVP Ams reminded Sen. Wyden that NSA and the Accreditation Council for...
by Rupinder | Feb 21, 2018 | Uncategorized
Inappropriate referrals to the IRS e-help Desk are causing longer hold times Each filing season, the e-help Desk receives phone calls from taxpayers because their tax preparer referred them for assistance resolving rejected returns, tax law and tax account matters....
by Rupinder | Feb 18, 2018 | Uncategorized
NSA Executive Vice President Discusses IRS Budget and Tax Reform Changes on Federal News Radio NSA Executive Vice President John will discuss the Administration’s proposed IRS budget in a segment on Federal News Radio. The interview, which was taped yesterday, will be...
by Rupinder | Feb 16, 2018 | Uncategorized
Tim Sundstrom, a member of the NSA Federal Taxation Committee and John , NSA Executive VP, met with IRS officials including Acting Commissioner Dave Kautter to urge them to issue guidance on issues raised in the tax reform bill as soon as possible, particularly with...
by Rupinder | Feb 9, 2018 | Uncategorized
Early this morning, the President signed into law the Bipartisan Budget Act of 2018, which primarily served as a vehicle to extend funding for government operations through March 23, but which also includes more than 50 tax provisions, including extensions of expired...
by Rupinder | Feb 6, 2018 | Uncategorized
Seeing the emergence of a new filing season scam, the IRS and NSA urge tax professionals to step up security and beware of phishing emails that can secretly download malicious software that can help cybercriminals steal client data. Only a few days into the filing...
