It is a question many people have been asking since March of 2010, when President Barack Obama signed the Affordable Care Act (ACA) into law. How will the Internal Revenue Service enforce the law’s mandate requiring Americans to buy health insurance? According to a high-ranking IRS official, the agency plans...…
Read more about Leniency Planned for Health Care Enforcement?
The $1.4 million program was set up to distribute 2010 tax refunds on reloadable prepaid debit cards. The Treasury Department selected 808,000 low to moderate-income tax filers to participate and receive their tax refunds electronically rather than by paper checks. It costs...…
Read more about MyAccountCard program from the U.S.Treasury Department Suspended
Tax professionals are looking for the best value in their tax software program, and are quickly learning bigger is not always better...…
Read more about The “Big Three” Tax Software Companies Slip in Market Shares
The MeF system will be down from 3:00 pm, Eastern on Friday, August 31st until 12:00 pm, Eastern on Tuesday, September 4th (Labor Day weekend).…
Quick Alert for Tax Professionals from the IRS: Effective October 1, 2012, applications to become an IRS e-file provider must be submitted online. We will no longer accept paper e-file applications.…
This database will include the names, addresses, and professional qualifications of tax preparers, as well as any publicly disclosed professional disciplinary actions. Essentially, it will allow taxpayers to shop around for a preparer who is qualified...…
This expansion of the “Fresh Start” initiative focuses on the financial analysis used to determine which taxpayers qualify for an OIC. Here are the OIC changes:…
ITINs are designed for tax administration purposes and are assigned to people who are not eligible for Social Security Numbers. Over the years, ITINs have been criticized for being used by illegal immigrants and undocumented workers. Last year the Treasury Inspector General for Tax Administration reported...…
The Treasury Inspector General for Tax Administration performed an audit on the OIC program in an attempt to discover why there has been a 28 percent increase in the number of requests for offers in compromise. The results found ...…
Read more about Treasury Inspector General for Tax Administration Performs Audit
According to the IRS, last year's seven month moratorium on enrolled agent application processing is unfortunately still affecting their ability to timely process the renewal applications for SSNs…
Read more about Delay for some enrolled agents awaiting renewal cards
