Tag Archives: IRS

Coalition Urges IRS to Issue Taxpayer Relief Amid Pandemic

SHARE: A coalition of organizations that represent tax professionals, among others, understands all too well the enormous impact the COVID-19 pandemic has made on professionals across all industries and professions. In response, the coalition called on the IRS and Treasury to implement taxpayer relief from penalties and certain other compliance actions. According to a letter…

Proposed Tax Preparer Legislation

SHARE: A recently introduced bill in Congress would authorize the U.S. Treasury to regulate paid tax return preparers and mandate minimum competency standards. According to the Journal of Accountancy, the introduction of the Taxpayer Protection and Preparer Proficiency Act, H.R. 4184, in Congress follows the Biden administration’s request in late April, in its American Families…

IRS Checking on Good Standing

SHARE: The Accountancy Boards’ executive directors were surprised to receive a letter from Elizabeth C. Kastenberg, IRS Acting Director – Office of Professional Responsibility, requesting copies of all public notices that contain information concerning the status of CPAs who have been disciplined by their Board since January 1, 2018. Ms. Kastenberg stated in her letter:…

Fewer IRS Audits in FY 2018

SHARE: Although the IRS audited more than 892,000 individual income tax returns during fiscal year 2018, that was slightly down from the prior year, the 2018 IRS Data Book reports. Their processing of estate tax returns was also slightly down compared to the prior year; however, the IRS processed more of every other major type…

PTIN Lists Now Available Online

PTIN Lists Now Available Online In the past, NASBA has obtained the current Preparer Tax Identification Number (PTIN) listing from the Internal Revenue Service (IRS) through a Freedom of Information Act (FOIA) request each year. In turn, we provided each board with the listing data for its individual state, to support its enforcement efforts. Credentials…

PTIN Suspended

SHARE: State Board Report June 2017 Although the US District Court for the District of Columbia on June 1 determined the Internal Revenue Service has the authority to require the use of a Preparer Tax Identification Number (PTIN), it enjoined the IRS from charging a user fee for issuing or renewing PTINs. Consequently, the IRS…