IRS

Anyone who has ever tried to call the Internal Revenue Service knows what to expect first ... a wait. Sometimes a really long one. For tax professionals who need to reach the IRS more frequently, this can be a waste of precious time and productivity.

Thomson Reuters Checkpoint Releases Special Report for Tax Professionals on New Capitalization Regulations

Report says the IRS needs to do more to prevent fraud committed using stolen EINs.

Like most practitioners, I had trouble successfully billing for post-filing work. The reasons are complicated. It’s often an issue of back-and-forth time with clients or the IRS/state taxing authorities.

This proposed guidance defines the term “candidate-related political activity,” and if accepted, would amend current regulations by indicating that the promotion of social welfare does not include this type of activity.

The Treasury Department agency tasked with overseeing the Internal Revenue Service has issued a report saying that the nation's taxing authority needs to do a better job of tracking its efforts to eliminate identified flaws in the security of systems involving taxpayer data.

Must know tax advice for 2013

The American Institute of CPAs (AICPA) sent a letter to the Internal Revenue Service (IRS) and Department of the Treasury on Nov. 18 urging that the IRS, as soon as possible, announce the contingency plan that would be in effect in the event of a government shutdown on Jan. 16.