The IRS lost another round in its court battle to regulate tax return preparers when an appeals court denied its motion to stay an injunction halting its return preparer regulation program, pending appeal of a lower court’s decision.
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IRS Practice & Procedure
“Sovereign Citizens” Promoter Faces up to 164 Years in Prison
A proponent of the “sovereign citizens” movement has been convicted of conspiracy to defraud the United States through a series of seminars in which attendees were taught to pay their federal income taxes by filing fictitious bonds.
Identity Theft, Phishing Top IRS’s “Dirty Dozen” Tax Scams
The IRS issued its “Dirty Dozen” list of tax scams, highlighting fraudulent schemes commonly committed by and upon taxpayers.
Taxpayers Filing Delayed Forms Get Late-Payment Penalty Relief
The IRS announced that it will waive the penalty normally assessed for late payment of income tax, for taxpayers who have requested an extension of time to file their return and who are filing one of the 31 forms that were delayed until March.
Tax Reform Prospects Good, Say Veterans of 1986 Reform
Developments since the 1986 Tax Reform Act was signed favor a successful outcome for the current reform effort, said two experts who worked for congressional committees producing the earlier legislation.
Tax Court Stops Taxpayers from Avoiding 40% Penalty by Conceding on Alternative Grounds
The Tax Court refused to grant partial summary judgment to a partner who had conceded his tax shelter case on grounds other than valuation in an attempt to avoid the 40% gross valuation misstatement penalty.
Sec. 6708 Regs. Permit Material Advisers to Request Extension
The IRS issued proposed regulations governing the penalty for failure of material advisers to provide lists of advisees in reportable transactions, which applies if the advisers do not supply the lists to the IRS within 20 business days after a written request.
Sequestration Will Lead to IRS Cuts in Services, Enforcement, and Tax-Related Payments
The IRS announced the reductions in tax-related payments and other cuts as a result of the federal government’s sequestration.
All 2012 Tax Returns Can Now Be Filed With IRS
The IRS announced that it finished updating its processing systems and is now accepting all returns that include the 29 delayed forms.
The Complexities of Calculating the Accuracy-Related Penalty
Calculating the accuracy-related penalty can quickly become a complex and sometimes daunting task that requires careful consideration and insight.
IRS Proposes Rules for Truncating Taxpayer Identification Numbers
The IRS issued proposed regulations that permit filers of information returns to use truncated taxpayer identification numbers when issuing payee statements in the Form 1099, 1098, and 5498 series.
IRS Regulation of Tax Return Preparers Struck Down
A U.S. district court ruled that the IRS’s registered tax return preparer program exceeds its statutory authority and enjoined it from enforcing the regulations.
Acting Commissioner Outlines IRS Plans for Sequestration
Acting IRS Commissioner Steven Miller sent a memo to all IRS employees outlining the agency’s plans in the event sequestration occurs as planned on Friday.
Stockpiled Delayed Returns to Be Accepted on Sunday, Online Filing to Start Next Week
The IRS announced that it will begin accepting from e-file transmitters stockpiled returns containing the 29 forms for which acceptance was delayed beginning on Sunday, March 3, at 7 a.m. ET.
IRS Appeals Decision Striking Down Tax Return Preparer Registration Program
The IRS filed an appeal of the decision that struck down the IRS’s registered tax return preparer program and enjoined it from enforcing the regulations.
AICPA Raises Concerns About Delayed, Compressed Tax Season
The AICPA sent a letter to the IRS raising concerns about the “very compressed and difficult filing season” AICPA members and their clients are facing, due to the ongoing delays in the IRS’s acceptance of certain tax forms.
IRS Issues Annual Whistleblower Report to Congress
The IRS issued its annual report on the whistleblower program, reporting the program’s results for FY 2012.
Depreciation and Education Credit Forms Can Soon Be Filed with the IRS
The IRS announced on Friday that it will soon be able to accept tax returns that include Form 4562, Depreciation and Amortization, and/or Form 8863, Education Credits (IR-2013-18).
IRS Postpones Effective Date of New Procedures for Consents to Disclose
The IRS Rev. delayed the date that taxpayer consents to disclose and consents to use tax return information must contain the mandatory language recently issued in Rev. Proc. 2013-14.
Court Upholds Injunction; IRS Reopens PTIN System
The IRS announced that has reopened its PTIN system for new applications and renewals.
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.
