The IRS, state tax agencies, and industry partners announced expanded and improved tax return identity theft safeguards for the 2017 filing season.
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TOPICS
IRS Practice & Procedure
Self-Certification of Waiver Permitted for Late Rollover of Retirement Funds
A taxpayer who fails to meet the requirement to roll over distributions within the normal 60-day period can make a written self-certification that a contribution meets one of the reasons for excusing the missed deadline.
IRS Proposes Increased User Fees for Installment Agreements
The IRS is proposing to charge a variety of fees, based on whether the taxpayer uses the online application process and/or pays by direct debit.
Duty of Consistency Precludes Taxpayers’ Argument
IRS was not barred from bringing a collection suit against the taxpayers by the 10-year statute of limitation.
IRS Explains How to Take PATH Act Depreciation Deductions
Because the PATH Act was enacted after many taxpayers had filed their 2014 returns, they may not know how to take advantage of tax changes.
Home Agency Reasonably Treated Workers as Independent Contractors
This case offers clarification for an employer looking to classify its workers as independent contractors.
TIGTA Finds IRS Failed to Act on Employment-Related Identity Theft
Although it has identified over 1 million victims of employment-related identity theft, the IRS has not notified the victims or the Social Security Administration in many cases.
Treasury Inspector General Says IRS Is Missing Billions in Backup Withholding
A report from the TIGTA found that potentially billions of dollars of revenue is being lost due to the Internal Revenue Service’s lax enforcement of the backup withholding rules.
IRS Issues 2017 Inflation Adjustments for Many Tax Provisions
The IRS issued its annual revenue procedure containing inflation-adjusted amounts for the 2017 tax year, affecting over 50 Code provisions, as well as the new tax rate tables for individuals and estates and trusts.
PTIN Class Action Lawsuit Affects All Tax Return Preparers
A class action lawsuit currently pending in a federal district court includes in its class of plaintiffs all tax return preparers who obtained or renewed a PTIN after Sept. 30, 2010.
IRS Provides Rules for Early Election of New Partnership Audit Procedures
The IRS issued rules regarding the time, manner, and form for partnerships to make the election to apply the recently enacted unified partnership audit rules for certain years before Jan. 1, 2018.
PATH Act Changes to ITIN Renewals Explained
Individuals whose ITINs will expire this year under new Code provisions may renew them starting in October.
Foreign Information Returns, Income Tax Returns, and Civil Penalties
To avoid harsh penalties, a taxpayer should timely file all foreign information returns, even if that taxpayer cannot timely file its income
tax return.
IRS Revises Forms 1042-S and W-8BEN-E for 2016
The IRS issued 2016 versions of Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, and Form W-8BEN-E, Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities).
Will Your Next Tax Appeal Be a Videoconference?
Appeals is considering new options for delivering timely access to taxpayers.
Will “A Better Way” for a Confident America Lead to Tax Reform?
House Republicans issued a 35-page tax plan “Blueprint” promising to “deliver a better
way on tax reform.”
Private Collection Agencies to Start Collecting Tax Debts in the Spring
Under legislation enacted last year, the IRS is required to use private debt collection agencies to collect outstanding inactive tax liabilities.
New IRS e-Services Authentication Process Requires Re-Registration
The IRS announced that beginning in late October all e-services users will be subject to a strengthened identity protection process, which, for existing users, requires re-registering.
Tax Scammers Send Fake CP2000s, IRS Warns
The IRS issued an alert to taxpayers not to respond to the latest tax fraud scheme, an emailed CP2000 notice claiming to be related to an Affordable Care Act tax underpayment.
New Cyberattacks Threaten Tax Professionals
A new wave of cyberattacks could allow criminals to take control of tax practitioners’ computers and file fraudulent returns.
TAX PRACTICE MANAGEMENT
2025 tax software survey
AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.
