Monthly Archives: October 2010

IRS Announces Pension Plan Limitations for 2011

WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2011. In general, these limits will either remain unchanged, or the inflation adjustments for 2011 … Continue reading

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IRS Seeks Applications for Advisory Committee for the Tax Exempt and Government Entities Division

WASHINGTON — The Internal Revenue Service is seeking applications for vacancies on the Advisory Committee on Tax Exempt and Government Entities (ACT). The committee provides a venue for public input on relevant areas of tax administration. Vacancies exist in the … Continue reading

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Commissioner of Internal Revenue Douglas H. Shulman’s Keynote Speech Before the AICPA Fall Tax Meeting

WASHINGTON — Good afternoon and thank you for that warm welcome and introduction and for inviting me to address AICPA’s Fall Tax Meeting. With the leaves changing, the days shortening, and children back in school, this is a time of … Continue reading

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IRS Begins Notifying Tax Return Preparers on PTIN Renewals

IRS YouTube Videos PTIN: Preparer Tax Identification Number: English Message for Tax Preparers: English | Spanish | ASL WASHINGTON — The Internal Revenue Service has begun notifying about 1 million tax return preparers to remind them that they must renew … Continue reading

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2010 IRPAC Report Made Available

WASHINGTON — The Information Reporting Program Advisory Committee (IRPAC) today released its 2010 Report, which is an annual report that includes recommendations on a wide range of tax administration issues. IRPAC provides a public forum for the IRS and members … Continue reading

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IRS Issues Final Regulations on New Basis Reporting Requirement; For Investors, Reporting Gains and Losses Gets Easier Starting in 2011

WASHINGTON —  The Internal Revenue Service today issued final regulations under a law change that will require reporting of basis and other information by stock brokers and mutual fund companies for most stock purchased in 2011 and all stock purchased … Continue reading

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IRS Releases Draft W-2 Form for 2011; Announces Relief for Employers

WASHINGTON — The IRS today issued a draft Form W-2 for 2011, which employers use to report wages and employee tax withholding. The IRS also announced that it will defer the new requirement for employers to report the cost of … Continue reading

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