June 2014

June 30, 2014

Complete Rules for the IRS’s Voluntary Return Preparer Certification Program Are Released

The IRS published guidance introducing its new, voluntary Annual Filing Season Program, which permits tax preparers who are not CPAs, attorneys, or enrolled agents to complete tax education requirements and receive a certificate

June 27, 2014

Regulations Provide Guidance for Small-Employer Premium Tax Credit

The IRS issued final regulations on the Sec. 45R credit for small employers that offer health insurance coverage for employees.

June 26, 2014

IRS Reveals Details of Voluntary Preparer Certification Program

The IRS announced that it will soon introduce a voluntary program for tax return preparers called the Annual Filing Season Program.

June 25, 2014

Final Rules Involve Disregarded Entities, Indoor Tanning Tax, and FICA and FUTA Exemptions

The IRS finalized rules on the disparate topics of disregarded entities that collect the excise tax on indoor tanning and how certain exceptions from FICA and FUTA taxes work when a disregarded entity is involved.

June 24, 2014

AICPA Reiterates Its Strong Concerns About IRS Voluntary Certification Program

The AICPA sent a letter to the IRS, expressing its strong concerns that a proposed IRS voluntary certification program for unenrolled tax return preparers “would cause significant legal problems that may ultimately frustrate the IRS’s goals, confuse the public, and lead to litigation.”

June 23, 2014

New Rules Allow One-Month Orientation Period Before 90-Day Health Plan Waiting Period Begins

Final regulations govern the maximum length of time an employee orientation period can last consistent with the 90-day waiting period under the Patient Protection and Affordable Care Act, which prohibits employers from requiring new employees to wait more than 90 days before they are eligible for health insurance coverage.

June 19, 2014