Revenue Procedure 2014-64 provides an updated list of jurisdictions with which the United States has in effect an income tax or other convention or bilateral agreement relating to the exchange of…
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WASHINGTON — The Internal Revenue Service is releasing a revenue procedure today providing rules for the nationwide rollout of post-Appeals mediation for Offer in Compromise (OIC) and Trust Fund…
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A new revision of the Form 656-B booklet, with forms and instructions for submitting an Offer in Compromise (OIC), will be available on IRS.gov in January. The use of earlier versions after Jan. 1…
New Documents Help Tax PreparersThe Internal Revenue Service has released three documents designed to assist tax preparers in working with their clients, and best practices with regard to Individual…
Read more about ACA Basics – IRS Resources and Best Practices for Tax Preparation Professionals
WASHINGTON – The Internal Revenue Service (IRS) appropriately used its legislative authority to temporarily hire employees at salaries higher than those typically given to Federal Government senior…
Read more about TIGTA Report Says IRS Hires Critical Executives At Salaries Higher Than Typical
Consumer Protection Initiative Aims to Train Tax PreparersContinuing education is phase two of New York’s first tax preparer regulations; training is vital because 70% of New Yorkers hire tax…
Read more about NYS Tax Department Launches NY’s First Tax Preparer Continuing Education Program
The IRS recently released information about a number of announcements, rulings, and notices. Five of those items, Announcement 2014-34, Revenue Ruling 2014-29, Announcement 2014-38, Announcement…
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The Internal Revenue Service has issued technical guidance for the following issues: Notice 2014-78 provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates,…
Read more about IRS Publishes Technical Guidance On Four Issues
Tax Preparers Consider New IRS ProgramDrake researchers conducted a short survey of over 7,000 tax preparers, including CPAs, EAs, attorneys, and non-credentialed participants, in light of the…
Read more about Annual Filing Season Program (AFSP) Survey Results Infographic
Under some Circumstances, you won’t have to make the paymentMost people must have health coverage or pay a fee (also known as “the penalty,” the “individual shared responsibility payment,” or the…
Read more about ACA Basics – Fee Exemptions for Not Having Coverage
