Government Shutdown Over & IRS Open
The government reopens! All governmental bodies should be open after the end of the shutdown and congress goes back to work. While offices are open, there is now a backlog of work for these governmental departments and workers, so keep in mind that call times could be longer than normal, even hours. IRS phone lines […]
IRS Operations During The Lapse In Appropriations
(Taken from the website of the IRS) Due to the current lapse in appropriations, IRS operations are limited. However, the underlying tax law remains in effect, and all taxpayers should continue to meet their tax obligations as normal. Individuals and businesses should keep filing their tax returns and making deposits with the IRS, as they are required […]
IRS Getting Stricter on Enforcing Preparer Penalties
According to a report by TIGTA (requested by the IRS Oversight Board to determine its efficiency in using the existing requirements and penalty regime that applies to unenrolled paid tax return preparers) there are several areas where the IRS could improve. The overall objective was to determine whether controls are in place to ensure […]
RTRP Goes To Appeals Court for Oral Arguments
The IRS is appealing the court’s decision in the case of Loving vs the IRS. While their defense calls upon an 1884 law, the judges were noted to have been “engaged.” There is no doubt that this ability for the IRS to regulate preparers is long over due and much needed, but if this appeal […]
IRS Admits Sending Erroneous Penalty Notices
The Internal Revenue Service said Friday that approximately 4,000 plan sponsors received erroneous penalty notices. The erroneous notices were dated between July 28 and Aug. 26, 2013. The IRS mistakenly sent out the CP 283C, Notice of Balance Due for Incomplete/Late Penalties, for the Form 8955-SSA, Annual Registration Statement Identifying Separated Participants with Deferred Vested […]