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IMRS Hot Issues

September 2014

IRS Website Explains Tax Provisions of the Health Care Law; Provides Guide to Online Resources

You can view the Affordable Care Act Tax Provisions website at The home page has three sections, which explain the tax benefits and responsibilities for individuals and families, employers, and other organizations, with links and information for each group. The site provides information about tax provisions that are in effect now and those that will go into effect in 2015 and beyond. Some of the newest additions are listed below:

Revenue Procedure 2014-46
Revenue Procedure 2014-37
Revenue Procedure 2014-41
Tax Tip 2014-15
Notice 2014-47

Procedures to avoid backup withholding

Revenue Procedure 2014-43 provides revised procedures for individual payees who are required to obtain validation of social security numbers from the Social Security Administration to prevent or stop backup withholding under section 3406 of the Internal Revenue Code following receipt of a second backup withholding notice from a payer within a three-year period.

PTIN Letters Issued Week of July 28

During the week of July 28, the IRS Return Preparer Office mailed letters to approximately 5,000 return preparers who are preparing tax returns without valid preparer tax identification numbers (PTIN). Letters were sent to preparers who are using legacy PTINs obtained prior to September 2010 and never renewed in the new online PTIN system, those who are using Social Security numbers instead of PTINs and those who are using expired PTINs.

New FATCA Registration Landing Page

A New FATCA Registration Landing Page is Now Available on the FATCA Website. You can access the FATCA Online Registration System from FATCA Registration Landing Page, and then click on "Register or Login" which will direct you to the FATCA Financial Institution Account User Login page. Also, new and updated FAQs have been posted with regard to Qualified Intermediary Agreements, Financial Institutions and General Compliance.

Identity Theft transcripts for Deceased Taxpayers - IMRS Issue 14-0001963 

To get copies of transcripts for deceased clients who were victims of identity theft, the executor of the estate should file a Form 56 and call the Identity Theft Specialized Unit (IPSU), toll free at 1-800-908-4490, Monday - Friday 7 a.m. to 7 p.m. local time (Alaska and Hawaii follow Pacific time) to request the transcript. Search “Deceased Persons – Getting Information from the IRS” for more information.

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Page Last Reviewed or Updated: 08-Sep-2014