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Tax Pro News and Resources

Subscribe to e-News for Tax Professionals for weekly information for tax professionals.

News:

IRS Tests W-2 Verification Code for Filing Season 2017
The IRS and certain payroll service providers are partnering to test a new Verification Code that will help validate data on the Form W-2. The Verification Code, if present on the Form W-2, should be entered on the electronic return when prompted by the software.

Get Ready
IRS needs your help to get the word out on key information that taxpayers need to know for the 2017 filing season. The “Get Ready” outreach campaign focuses on helping taxpayers understand important tax law changes that may affect the processing of their tax returns and the timing of refunds for some filers. Affected taxpayers can take actions that will help them file their tax returns timely and accurately.

Get Replacement Social Security Benefits Statements Form SSA-1099 Online
Help your clients who receive Social Security benefits get their annual benefits statements online through my Social Security. Let your clients know they can get free, instant replacement forms beginning Feb. 1.

Protect Your Clients; Protect Yourself
The “Protect Your Clients; Protect Yourself” campaign identifies common sense steps tax professionals can take to guard against identity theft.

Important Information About Your e-Services Account
Certain e-Services users will receive letters directing them to revalidate their identities. Learn who is affected and what actions are required. Failure to timely revalidate will result in e-Services access being suspended for security purposes.

2016 IRSAC Report Made Available at Public Meeting
On November 16, 2016, the Internal Revenue Service Advisory Committee issued its annual report for 2016, including numerous recommendations to the Commissioner of Internal Revenue on a wide range of tax administration issues.

2016 Information Reporting Program Advisory Committee (IRPAC) Public Report 
On October 26, 2016, the Information Reporting Program Advisory Committee issued its annual report for 2016, including numerous recommendations to the Commissioner of Internal Revenue on new and continuing issues in tax administration.

Seminars from the 2016 IRS Nationwide Tax Forums Now Online
Tax professionals can earn continuing education credits with the IRS Nationwide Tax Forums Online. More than a dozen self-study seminars are now available. Self study seminars provide information via interactive video, slides and transcripts. To enroll, visit the IRS Nationwide Tax Forums Online (NTFO).

Streamlined Processing of Installment Agreements
The IRS is testing expanded criteria for streamlined processing of taxpayer requests for installment agreements. The test is scheduled to run through September 30, 2017.

New Federal Tax Law May Affect Some Refunds Filed in Early 2017
IRS shares information now to help the tax community prepare for the 2017 season

IRS Future State 
Learn more about the IRS Future State Initiative

Low Income Taxpayer Clinic Grants 
IRS is accepting applications for part-year low income taxpayer clinic grants in identified underserved areas starting March 1, 2016.

Publication 5125, LB&I Examination Process 
After collaboration between LB&I and key stakeholder groups and extensive input from the LB&I workforce, Publication 5125, LB&I Examination Process, is now available. Publication 5125 will be replacing Publication 4837, Achieving Quality Examinations through Effective Planning, Execution and Resolution, effective for cases starting as of May 1, 2016.

PTIN Renewal Period Underway for Tax Professionals
The Internal Revenue Service reminds the nation’s more than 715,000 federal tax return preparers that they must renew their Preparer Tax Identification Numbers (PTINs) for 2016.

2016 Enrollment Renewal Application Period Ending Soon for Some Enrolled Agents
Enrolled Agents are required to renew their EA status by January 31, 2016 if their SSN ends in 0, 1, 2, or 3.

IRS Reminds Tax Return Preparers of Limited Practice Changes and Announces Revised PTIN Fee
The IRS reminds non-credentialed tax return preparers of major changes regarding which tax return preparers can represent clients in matters before the IRS beginning in 2016.

Annual Filing Season Program
This program aims to recognize the efforts of non-credentialed return preparers who aspire to a higher level of professionalism. Meet the requirements by obtaining 18 hours of continuing education, including a six hour federal tax law refresher course with test, and you will receive an Annual Filing Season Program – Record of Completion from the IRS.

IRS Fights Fraud with New Direct Deposit Limits
IRS plans electronic refund limits into a single account or pre-paid debit card to help fight identity theft and to stop certain preparers who improperly claim fees.

Registered Tax Return Preparer Test Fee Refunds
The IRS is refunding the fees that return preparers paid for the Registered Tax Return Preparer Test.

Some Suspended or Disbarred Tax Practitioners Are Now Permitted to Obtain a PTIN and Prepare Tax Returns
The Internal Revenue Service announced that some suspended or disbarred tax professionals are now permitted to obtain or renew preparer tax identification numbers (PTIN) and may prepare federal tax returns for compensation as a result of a recent court decision.

Most Tax Return Preparers Must Use IRS e-file
As of January 1, 2012, any tax return preparer who anticipates preparing and filing 11 or more Forms 1040, 1040A, 1040EZ and 1041 during a calendar year must use IRS e-file.

IRS Launches Preparer Directory
A new searchable directory is available to help taxpayers find tax pros with credentials and other qualifications.

Resources:

IRS Training and Communication Tools for Tax Professionals
Follow IRS on social media, attend a Tax Forum or local seminar, and watch tax videos or IRS webinars.

Interactive Tax Assistant (ITA)
The Interactive Tax Assistant (ITA) is a resource that provides consistent answers to a limited number of tax law questions using a probe and response process. The ITA will guide you to accurate answers that are not readily addressed through simple Frequently Asked Questions (FAQs).

Disaster Relief Resource Center for Tax Professionals
Visit this resource center to learn how to re-establish your business after a natural disaster.

Deceased Taxpayers – Probate, Filing Estate and Individual Returns, Paying Taxes Due
Information to help you resolve the final tax issues of a deceased taxpayer and their estate.

Standard Mileage Rates
A summary of the optional standard mileage rates to be used in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes.

Third Party Reporting Information Center - Information Documents
Learn about information reporting requirements for merchant payment cards, cost basis reporting on securities sales and government payments.

Why Pay Taxes? The Truth About Frivolous Tax Arguments responds to some of the more common frivolous "legal" arguments made by individuals and groups who oppose compliance with the federal tax laws.

IRS Advisory Committees
General Information on the Advisory Committee on Tax Exempt and Government Exempt Entities (ACT), Art Advisory Panel, Electronic Tax Administration Advisory Committee (ETAAC), Information Reporting Program Advisory Committee (IRPAC), Internal Revenue Service Advisory Council (IRSAC), and Taxpayer Advocacy Panel (TAP).

IRS Civil Penalties Virtual Mailbox
A resource for IRS External Stakeholders (tax professionals) to provide their suggestions and/or comments regarding improving administration of civil penalties.

Foreign Account Tax Compliance Act
FATCA will increase information reporting by foreign financial institutions, non-financial foreign entities, and certain U.S. persons holding financial assets outside the United States.

Offshore Voluntary Disclosure Initiative: Passive Foreign Income Company Investment Computations
Offshore Voluntary Disclosure Initiative: Passive Foreign Income Company Investment Computations

Section 7216 Information Center
Find information about Section 7216 including FAQs and revenue rulings.

Valuation of Assets
Job Aid for IRS Valuation Professionals to assist in reviewing or developing business valuations.

Collection Procedures for Taxpayers Filing and/or Paying Late
Links to helpful information for taxpayers who cannot file or pay by the due date.

IRS Advancing E-file Study Key Messages
IRS Advancing E-file Study Key Messages

The American Recovery and Reinvestment Act of 2009: Information Center
Some of the credits and other provisions, which either expired at the end of 2011 or were set to change or expire at the end of 2012, were extended by the American Taxpayer Relief Act of 2012 (ATRA).

Real Time Tax Initiative
Learn about the Real Time Tax initiative that will focus on improving the taxpayer experience and improve overall tax compliance.

Page Last Reviewed or Updated: 02-Jun-2017