by Rupinder | Oct 7, 2016 | Uncategorized
IRS will begin emailing all PTIN holders beginning October 17 advising them their PTINs expire on December 31, 2016 and that open season is underway for renewing for 2017. The renewal fee is $50. Get started at www.IRS.gov/ptin. There will also be an “early...
by Rupinder | Sep 22, 2016 | Uncategorized
Update: To address questions received after W&I Commissioner Debra Hollands’s presentation at the NPL Practitioner meeting last week, the IRS has added a PDF document – Answers to Follow-Up Questions – to Important Update about Your e-Services Account. One of the...
by Rupinder | Sep 21, 2016 | Uncategorized
IRS Definition of a Farm IRC Section 2032A(e)(4): The term “farm” includes stock, dairy, poultry, fruit, furbearing animal, and truck farms, plantations, ranches, nurseries, ranges, greenhouses or other similar structures used primarily for the raising of...
by Rupinder | Sep 12, 2016 | Uncategorized
Those passing the exam and earning the ATP and ABA credentials will be exempt from the AFTR course and exam. Registration is now open for the Accreditation Council for Accountancy and Taxation® (ACAT) Fall 2016 exams for accountants, tax preparers and students seeking...
by Rupinder | Sep 9, 2016 | Uncategorized
Qualified small employers who want to apply a new research tax credit against Federal Insurance Contributions Act liabilities are to report the credit amounts on the 2016 Form 6765 in Section D, according to Judy Davis, a senior IRS tax analyst. Davis said that...
by Rupinder | Sep 9, 2016 | Uncategorized
The following officers were installed to the NSA Executive Committee for 2016-2017: President: Alfred Giovetti First Vice President: Brian L. Thompson Second Vice President: Christine Freeland District Governors elected to new terms in several districts included:...
by Rupinder | Sep 7, 2016 | Uncategorized
Leaders of the National Society of Accountants (NSA) have sent a letter to leaders of the U.S. House of Representatives opposing any resolution to impeach or censure Internal Revenue Service (IRS) Commissioner John Koskinen. The letter was co-authored by NSA President...
by Rupinder | Sep 6, 2016 | Uncategorized
ohn Ams, Executive Vice President of the National Society of Accountants (NSA), was appointed to the Electronic Tax Administration Advisory Committee (ETAAC) of the Internal Revenue Service (IRS). The ETAAC provides an organized public forum for discussion of...
by Rupinder | Sep 2, 2016 | Uncategorized
The Internal Revenue Service is warning tax professionals of a new wave of attacks that allow identity thieves to file fraudulent tax returns by remotely taking over practitioners’ computers. As part of the Security Summit effort, the IRS urged tax professionals to...
by Rupinder | Aug 30, 2016 | Uncategorized
As part of the ongoing Security Summit efforts, the IRS today released a new YouTube video urging tax professionals to take the necessary steps toward guarding their data and protecting clients from identity theft. The video featuring IRS Commissioner John Koskinen...
