Monthly Archives: October 2011

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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IRPAC Issues Annual Report for 2011

WASHINGTON — The Information Reporting Program Advisory Committee (IRPAC) today released its 2011 Report, which includes recommendations pertaining to the Foreign Account Tax Compliance Act, merchant card and third-party payments and other tax administration issues. IRPAC provides a public forum … Continue reading

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IRS Begins PTIN Renewals for 2012 Filing Season

WASHINGTON —The Internal Revenue Service today announced that the nation’s 738,000 tax return preparers who have Preparer Tax Identification Numbers (PTINs) can now renew their PTINs for the 2012 filing season. Preparers are required to renew their PTINs on an … Continue reading

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In 2012, Many Tax Benefits Increase Due to Inflation Adjustments

WASHINGTON — For tax year 2012, personal exemptions and standard deductions will rise and tax brackets will widen due to inflation, the Internal Revenue Service announced today. By law, the dollar amounts for a variety of tax provisions, affecting virtually … Continue reading

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New Seminars from the 2011 Forums Available at IRS Nationwide Tax Forums Online

WASHINGTON – Tax professionals can earn continuing professional education credits online through seminars filmed at the 2011 IRS Nationwide Tax Forums. The seminars are now available on the IRS Nationwide Tax Forums Online (NTFO). The 14 self-study seminars provide information … Continue reading

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IRS Urges Tax Professionals to Prepare Now for New e-File Rules

WASHINGTON — The Internal Revenue Service today advised tax professionals and tax firms that do not have Electronic Filing Identification Numbers (EFINs) to start the process to obtain EFINs now so they can meet new e-file requirements for 2012. Starting … Continue reading

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IRS Announces New Members for ETAAC

WASHINGTON — The Internal Revenue Service today announced the selection of four new members and a chairman for the Electronic Tax Administration Advisory Committee (ETAAC). ETAAC provides an organized forum for discussion of electronic tax administration issues and supports the … Continue reading

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IRS Issues Proposed Regulations That Would Require Tax Preparers to File Due Diligence Checklist with All EITC Claims Submitted in 2012

WASHINGTON —The Internal Revenue Service announced today that it is issuing proposed regulations that would require paid tax return preparers, beginning in 2012, to file a due diligence checklist, Form 8867, with any federal return claiming the Earned Income Tax … Continue reading

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