What You Need to Know About the 2010 IRS Nationwide Tax Forums The 2010 IRS Nationwide Tax Forums are about to begin! The tax forums are three-day events that provide tax professionals with the most up-to-date information on federal and state tax issues presented by IRS experts and partner organizations. Here are nine things enrolled [...]
Monthly Archives: May 2010
IRS updates from the Commissioner
PREPARED REMARKS OF DOUGLAS H. SHULMAN COMMISSIONER OF INTERNAL REVENUE BEFORE THE AMERICAN PAYROLL ASSOCIATION & THE AMERICAN ACCOUNTS PAYABLE ASSOCIATION 28TH ANNUAL CONGRESS MAY 27, 2010 GAYLORD NATIONAL RESORT & CONVENTION CENTER WASHINGTON, DC WASHINGTON ? It?s an honor to be addressing The American Payroll Association?s and American Accounts Payable Association?s 28th Annual Congress. [...]
IRS Issues Business Health Care Tax Credit
WASHINGTON ? The Internal Revenue Service today issued new guidance to make it easier for small businesses to determine whether they are eligible for the new health care tax credit under the Affordable Care Act and how large a credit they will receive. The guidance makes clear that small businesses receiving state health care tax [...]
IRS Issues some interesting Statistics
The Internal Revenue Service today released the spring 2010 issue of the Statistics of Income Bulletin, which features data on high-income individual income tax returns filed for tax year 2007, gift tax returns filed in 2008 and trust income from the 2002 through 2006 period. For example, taxpayers filed over 4.5 million returns with adjusted [...]
433A,B,F financial documentation required by IRS
Check Sheet required By IRS on financial statements To expedite the resolution on accounts in the Large Dollar Unit, please have the following information available when contacting ACS. * Valid F2848 covering all tax periods * Explain in detail why the taxpayer is not able to full pay or borrow to full pay * Completed [...]
Filing 990 Tax Exempt Status
Many Tax-Exempt Organizations Must File Form 990 by May 17 Deadline to Preserve Tax-Exempt Status with IRS Audio File for Podcast: Don’t Throw Away Your Tax Exempt Status WASHINGTON ? A crucial filing deadline of May 17 is looming for many tax-exempt organizations that are required by law to file their Form 990 with the [...]
IRS Florida locations for IRS Help
Florida Two hundred IRS Taxpayer Assistance Centers across the country will open on Saturday, May 15, to provide help to small business owners and individual taxpayers dealing with notices and payments, return preparation and a variety of other tax issues. Each office will be open from 9:00 a.m. until 2:00 p.m. local time. Fort Myers: [...]
IRS offices open to help taxpayers in Florida
Number: IR-2010-055 Inside This Issue Open House on Saturday May 15 to Help Small Businesses, Individuals Solve Tax Problems WASHINGTON ? The Internal Revenue Service will host a special nationwide Open House on Saturday May 15 to help small businesses and individuals solve tax problems. Approximately 200 IRS offices, at least one in every state, [...]
New preparer regulations about to hit the industry
Return Preparer Review Leads to Recommendations For New Requirements of Paid Tax Return Preparers FS-2010-1, January 2010 What is the Return Preparer Review? In June 2009, IRS Commissioner Doug Shulman called for a comprehensive review of the paid tax return preparer industry, drawing on all relevant data and input from interested parties. The goal was [...]
