by taxnick on August 1, 2010
WASHINGTON — The Internal Revenue Service today released proposed regulations that would establish a fee for individuals who apply for a preparer tax identification number (PTIN). Proposed regulations that were issued in March would require certain tax return preparers to obtain a PTIN. The IRS is working to finalize those proposed regulations, which are the [...]
by taxnick on July 18, 2010
The Internal Revenue Service announced the locations of Taxpayer Assistance Centers in seven Gulf Coast cities that will be open this Saturday, July 17 to provide help to taxpayers impacted by the BP oil spill.
The following locations will be open from 9 a.m. to 2 p.m. Central Time:
1110 Montlimar Drive, Mobile, [...]
by taxnick on July 14, 2010
WASHINGTON –– The Internal Revenue Service today announced the opening of a special telephone line for taxpayers affected by the Gulf oil spill.
Individuals who have questions about the BP payments or who are experiencing filing or payment hardships because of the oil spill should contact the IRS at 866-562-5227.
The special services [...]
by taxnick on June 26, 2010
WASHINGTON –– The Internal Revenue Service today provided guidance to individuals and businesses affected by the oil spill in the Gulf of Mexico and announced a number of new efforts to help affected taxpayers, including a special Gulf Coast Assistance Day on July 17.
“This is a very difficult time for many people [...]
by taxnick on June 15, 2010
The Internal Revenue Service today issued regulations outlining the administration of a 10-percent excise tax on indoor tanning services that goes into effect on July 1.
The regulations were published today in the Federal Register.
In general, providers of indoor tanning services will collect the tax at the time the purchaser pays for the tanning services. The [...]
by taxnick on June 10, 2010
In one of the clearest signs yet that federal investigators are focusing on former Detroit Mayor Kwame Kilpatrick in their probe of the Kilpatrick Civic Fund, the FBI has subpoenaed a Southfield TV station for video of a 2001 mayoral debate at which Kilpatrick denied misusing the fund.
WXYZ-TV (Channel 7) editorial director Chuck Stokes received [...]
by taxnick on May 13, 2010
The Internal Revenue Service today announced the selection of four new members to the Advisory Committee on Tax Exempt and Government Entities (ACT) for the term starting in 2010 and ending in 2012.
The ACT is a formal body consisting of external stakeholders who represent employee retirement plans, tax-exempt organizations, tax-exempt bonds and federal, state, local [...]
by taxnick on May 11, 2010
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 Internal Revenue Service or risk having their federal tax-exempt status revoked.
The Pension Protection Act of 2006 mandates that all non-profit organizations, other than churches and church related organizations, must file [...]
by taxnick on May 8, 2010
The Internal Revenue Service has accepted an offer of consent to suspension from bond attorney Michael W. McCall. Under the terms of the settlement agreement, McCall will be suspended from practice before the IRS for at least 24 months for writing a false tax opinion. Thereafter, he may petition for reinstatement.
“Practitioners have a duty to [...]
by taxnick on May 3, 2010
WASHINGTON — The Internal Revenue Service is requesting membership nominations for the Information Reporting Program Advisory Committee (IRPAC), which provides recommendations to IRS leadership on a wide range of information reporting and administration issues.
“Information reporting is a key component of sound tax administration and the input and perspectives from IRPAC help improve the work of [...]