Today, the IRS released updated procedures to strengthen the Individual Taxpayer Identification Number (ITIN) program. The IRS has decided to keep many of the rules that have been in place during the Interim Period relating to original documents and certified copies from issuing agencies. Taxpayers applying for themselves will need to include original documents or certified copies for themselves and any dependents for whom ITINs are being requested.
If a taxpayer goes through an intermediary, a Certifying Acceptance Agent (CAA), they must provide aforementioned documentation to the CAA who will certify and avow that these documents are what they claim to be. This is for taxpayers only. Any dependents needing ITINs will still be required to have original documents or certified copies submitted with the CAA return.
CAAs will face much stronger due diligence requirements to verify the accuracy of the supporting documentation, and may be required to take a formal forensic training course to help them identify the legitimacy of said documents.
The new finalized procedures will be effective as of January 1st, 2013.
Pricing is officially set for tax preparer registration for the coming 2010 tax year.
Comparing the positives and negatives of online vs. desktop tax preparation software.
IRS removes debt indicator from banks and software transmitters.
Paperwork requirements when making changes or corrections to clients rejected tax returns.
Use the disconnected youth tax credit to save your tax office payroll expenses this tax…
The IRS has released their changes relating to Flex Spending Accounts for the 2011 tax…
This website uses cookies.