In November, the IRS began sending 21,000 letters to select tax preparers who file a large number of returns containing either Schedule A, C or E. Some recipients of these letters may be selected for an on-site visit by the IRS. The purpose of the visit is to ensure that the preparer is following due diligence procedures and filing accurate returns.
The IRS has also release some frequently asked questions explaining the program and what preparers can expect as this program moves forward.
The IRS has revised the allowable standard mileage rates for business miles driven on or after July 1, 2011. The revised standard mileage rates are:
Business - 55.5 cents per mile
Medical and moving - 23.5 cents per mile
Report addresses the Form 1099 reporting requirments as enacted by the Patient Protection and Affordable Care Act.
New backup withholding procedures for social security number validation following receipt of second B Notice.
This letter responds to your request for information dated July 02, 2008. You asked whether the parents of disabled children must include in gross income reimbursement payments received from a school board in accordance with the Individuals with Disabilities Education Improvement Act of 2004, 20 U.S.C. §§ 1400 -1482 (IDEA) for the cost of educational services provided by a non-public school. We are pleased to provide you with the following information.
The IRS is considering changes to reporting requirements regarding certain business taxpayers’ uncertain tax positions in order to improve tax compliance and administration. The Service is developing a schedule requiring certain business taxpayers to report uncertain tax positions on their tax returns. This announcement discusses the potential content of such a schedule and invites public comment on the Service’s proposed approach.
Department of Labor form that terminated workers can use to request expedited review of their being denied the COBRA premium subsidy
Practice before Internal Revenue Service—disciplinary actions.
This memorandum introduces the LMSB Procedures for Tax Return Preparer Penalty Cases.
Procedures for submitting an application to take the written exam for admittance to practice before the U.S. Tax Court.
Qualified joint ventures that hold rental property are not subject to self-employment tax.