EO Update May 5, 2011
Issue Number: 2011-8
Inside This Issue
- Treasury, IRS Seek Public Input on Certain Employer Provisions of the Affordable Care Act
- Register Now for Denver Workshops for Small and Medium-Sized 501(c)(3) Organizations
- Providing Disaster Relief to Recent Storm Victims through Charitable Organizations
- Taxpayer Advocate Service
- FSLG to Offer Webinar on Payments to Foreign Persons
- Employee Plans Presents Webinar on International Issues
- IRS Begins Enforcement of New Preparer Rules
- Register Early to Save Money on National Tax Forums Registration
1. Treasury, IRS Seek Public Input on Certain Employer Provisions of the Affordable Care Act
The Treasury Department and Internal Revenue Service have requested public input on issues relating to the shared responsibility provisions included in the Affordable Care Act that will apply to certain employers starting in 2014.
Under the Affordable Care Act, employers with 50 or more full-time employees that do not offer affordable health coverage to their full-time employees may be required to make a shared responsibility payment. The law specifically exempts small firms that have fewer than 50 full-time employees. This provision takes effect in 2014.
Notice 2011-36 solicits public input and comment on several issues that will be the subject of future proposed guidance as Treasury and the IRS work to provide information to employers on how to comply with the shared responsibility provisions. In particular, the notice requests comment on possible approaches employers could use to determine who is a full-time employee.
2. Register Now for Denver Workshops for Small and Medium-Sized 501(c)(3) Organizations
Don't wait any longer! Register now to attend our popular workshops for small and medium-sized 501(c)(3) organizations in Denver, Colorado (May 24-26), our final workshops for this spring.
Each one-day workshop, presented by experienced Exempt Organizations specialists, will explain what 501(c)(3) organizations must do to keep their tax-exempt status and comply with tax obligations. This popular introductory workshop is designed especially for administrators or volunteers who are responsible for an organization's tax compliance as well as those interested in careers in the nonprofit sector.
Go to our Calendar of Events for more information about our fall workshop locations.
3. Providing Disaster Relief to Recent Storm Victims through Charitable Organizations
Many people may wish to contribute to relief funds for the victims of the recent severe storms and tornadoes. IRS.gov offers many resources for charities and contributors interested in providing disaster relief through charitable organizations.
The IRS reminds taxpayers there are some simple steps they can take to ensure that a charity is eligible to receive tax-deductible contributions. Taxpayers who have a specific charity in mind can make sure that it is an eligible charity by doing a search on IRS.gov. Some organizations, such as churches or governments, may be qualified to receive deductible contributions even though they are not listed on IRS.gov.
IRS Publication 526, Charitable Contributions, provides information on making contributions to charities. Publication 3833, Disaster Relief: Providing Assistance through Charitable Organizations, explains how the public can use charitable organizations to help victims of disasters, and how new organizations can obtain tax-exempt status.
Special tax law provisions may provide relief from certain time-sensitive requirements, including certain notice, filing, and election requirements when an affected area is a federally or Presidentially declared disaster area. Certain tax deadlines have been postponed in areas affected by the recent severe storms, tornadoes, straight-line winds and associated flooding. Find information about all recent disaster declarations and tax relief granted on IRS.gov. Charities are encouraged to review this list of certain acts required of exempt organizations that may be postponed in Presidentially declared disasters.
4. Taxpayer Advocate Service
The Taxpayer Advocate Service (TAS) is an independent organization within the IRS. TAS helps taxpayers whose problems with the IRS are causing financial difficulties; who have tried but have not been able to resolve their problems with the IRS; and those who believe an IRS system or procedure is not working as it should.
Read these ten things every taxpayer should know about TAS.
5. FSLG to Offer Webinar on Payments to Foreign Persons
The IRS office of Federal, State, and Local Governments (FSLG) invites you to participate in a webinar to be conducted May 12 on international tax issues affecting governments. The webinar is entitled Payments Made to Foreign Persons: A Basic Overview for Government Entities.
6. Employee Plans Presents Webinar on International Issues
Wondering how the IRS focus on International tax compliance will impact retirement plans? Watch this FREE May 26 webinar to learn about key international strategies and projects of the TE/GE Employee Plans office. The webinar will discuss audits of retirement plans with international issues, compliance coverage in Puerto Rice and the Virgin Islands, international compliance check projects and more.
7. IRS Begins Enforcement of New Preparer Rules
The Internal Revenue Service is taking steps to stop tax preparers with criminal tax convictions or permanent injunctions from preparing tax returns. This is just one of several recent moves to improve the quality and oversight of the tax preparation industry.
More than 700,000 tax preparers nationwide have registered with the IRS and obtained Preparer Tax Identification Numbers (PTINs). This nine-digit number must be used by paid tax return preparers on all returns or claims for refund. Paid preparers must renew their PTINs annually to legally prepare tax returns.
PTIN registration is the first step in a multi-year effort by the IRS to provide standards for and oversight of the tax preparation industry.
For more information see New PTIN Requirements for Tax Return Preparers.
8. Register Early to Save Money on National Tax Forums Registration
The IRS invites tax professionals to register early for one of the six IRS Nationwide Tax Forums to be held this summer. Those who take advantage of the early registration will save $129.
The forums are three-day events presented by IRS experts and partner organizations that offer up-to-date information on federal and state tax issues and the opportunity to receive up to 18 continuing education credits
To view the cities and dates or to register for a forum visit the Nationwide Tax Forums website.