IRS Pushes Back Employer Mandate
The Internal Revenue Service has issued a formal notice that officially delays the employer shared responsibility provisions of the Affordable Care Act, also known as the employer mandate, for a year and postpones the information reporting requirements. The White House and the Treasury Department posted announcements about the delay last week on blogs (see Obama […]
Republicans Propose Cutting IRS Budget By 24%…Retaliation?
In a completely unsurprising turn of events, the GOP is proposing a 24% budget decrease for the IRS as punishment for recent events. The recent events that actually call for the reduction are up for speculation, but many things have been putting the IRS in a unwanted spotlight lately. For example, the 4.1 million dollar […]
IRS to Shutter Two Services Used by Tax Pros
The Internal Revenue Service plans to end the Disclosure Authorization and Electronic Account Resolution on August 11th 2013. The Service claims that these electronic services aren’t used much and account for only 3% of all account-related issues. Tax practitioners are irate. It’s a newer service much faster than calling and waiting on hold. After the […]
IRS Appeals Ruling In Tax Preparer Lawsuit Against RTRP
The IRS is appealing the district court’s ruling in Loving vs. IRS. Three independent tax preparers and a rally of libertarian lawyers sued the IRS for imposing regulations on tax preparers saying that the IRS doesn’t have statutory authority to do so. The IRS is appealing the ruling and oral arguments for the case are […]
IRS Could Review Previously Processed ITINs for Fraud Patterns
According to Accounting Today, the IRS and TIGTA have almost made up. Not entirely, but TIGTA is letting the IRS move back into the house (personification- no actual move took place). While the IRS is only, at this point, satisfying 7 of 9 measures that TIGTA wants to see, the Service plans to really work […]