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Posted By Erica Ryder 4/21/2021 4:30:09 PM
Found In Community: Main Street Practitioner Blog Blogs
The IRS and Treasury Department announced additional details of tax credits available under the American Rescue Plan Act of 2021 (ARPA) (P.L. 117-2) to help small businesses. In a fact sheet released today, the IRS outlines basic facts regarding the employers eligible for the tax credits. It also ...
Posted By Erica Ryder 3/31/2021 5:06:41 PM
Found In Community: Main Street Practitioner Blog Blogs
The IRS has announced that it will automatically refund money to taxpayers who reported unemployment compensation in their tax return before the recent changes made by the American Rescue Plan signed on March 11, 2021.  The American Rescue Plan allows taxpayers earning less than $150,000 in modified ...
Posted By Erica Ryder 3/29/2021 4:58:45 PM
Found In Community: Main Street Practitioner Blog Blogs
March 29, 2021 The IRS issued  Notice 2021-21 , stating that individuals now have until May 17, 2021, to meet additional deadlines such as making IRA contributions and filing certain claims for refund. Following previous guidance from the IRS extending the tax filing due date for individuals for ...
Posted By Erica Ryder 3/24/2021 3:13:16 PM
Found In Community: Main Street Practitioner Blog Blogs
Alexandria, VA, March 24, 2021 — NSA sent a letter to IRS Commissioner Chuck Rettig and Treasury Acting Assistant Secretary for tax policy Mark Mazur   applauding, in part, the IRS’s recent deadline postponement of individual tax returns and payments ordinarily due April 15 to May 17, 2021. NSA added ...
Posted By Erica Ryder 3/17/2021 6:15:26 PM
Found In Community: Main Street Practitioner Blog Blogs
The Treasury Department and IRS announced that the federal income tax filing due date for individuals for the 2020 tax year will be extended from April 15, 2021, to May 17, 2021. The IRS noted that formal guidance will be provided in the coming days. "This continues to be a tough time for many people, ...
Posted By Erica Ryder 3/17/2021 4:00:03 PM
Found In Community: Main Street Practitioner Blog Blogs
Today, House Ways and Means Committee Chairman Richard E. Neal (D-MA) and Oversight Subcommittee Chairman Bill Pascrell, Jr. (D-NJ) applauded the decision by the IRS to extend the federal tax-filing deadline from April 15 to May 17, 2021. “This extension is absolutely necessary to give Americans ...
Posted By Erica Ryder 3/10/2021 10:28:39 AM
Found In Community: Main Street Practitioner Blog Blogs
FOR IMMEDIATE RELEASE Contact: Erica Ryder Communications Coordinator eryder@nsacct.org 703-549-6400 ext. 1330 NSA Sends Letter to IRS, Treasury Regarding Postponement of 2021 Tax Filing Season Deadlines Alexandria, VA, March 10, 2021 — NSA sent a letter to the IRS and Treasury voicing ...
Posted By Jessica Jeane, J.D. 2/23/2021 2:16:30 PM
Found In Community: Main Street Practitioner Blog Blogs
Jessica L. Jeane, J.D. Director of Public Policy February 23, 2021  IRS Commissioner Charles P. Rettig on February 23 told lawmakers on Capitol Hill that the IRS has no plans to generally extend the 2021 tax filing season. Additionally, Rettig informed lawmakers that the IRS is still processing about ...
Posted By Jessica Jeane, J.D. 2/19/2021 11:49:44 AM
Found In Community: Main Street Practitioner Blog Blogs
Jessica L. Jeane, J.D. Director of Public Policy & Strategic Communications February 19, 2021 The IRS has released a statement alerting taxpayers that approximately 260,000 CP59 Notices should not have been sent. These IRS notices are generally issued to taxpayers who have failed to file a tax ...
Posted By Jessica Jeane, J.D. 2/1/2021 2:31:13 PM
Found In Community: Main Street Practitioner Blog Blogs
February 1, 2021 Today, the National Society of Accountants (NSA) sent a letter to Treasury Secretary Janet Yellen and IRS Commissioner Charles P. Rettig voicing concerns raised by NSA members regarding the delayed and now shortened 2021 tax filing season. The letter outlines various challenges faced ...
Posted By Jessica Jeane, J.D. 10/30/2020 4:44:12 PM
Found In Community: Main Street Practitioner Blog Blogs
Jessica L. Jeane, J.D. Director of Public Policy & Communications October 30, 2020 Treasury and the U.S. Small Business Administration (SBA) on October 30 released a Paycheck Protection Program (PPP) Loan Forgiveness Factsheet.  The two-page factsheet provides borrowers with step-by-step instructions ...
Posted By Jessica Jeane, J.D. 9/16/2020 2:14:24 PM
Found In Community: Main Street Practitioner Blog Blogs
September 15, 2020 Jessica Jeane Director of Public Policy and Communications National Taxpayer Advocate (NTA) Erin M. Collins outlined various resources available to taxpayers and practitioners during the IRS’s Small Business Forum on September 15. The IRS hosted the forum in partnership with the ...
Posted By James Crawford Apr 15, 2019 3:07 PM
Found In Microsite: National Society of Accountants
Main Street Practitioner Blog
Posted By John Ams 1/24/2018 9:28:29 AM
Found In Community: Main Street Practitioner Blog Blogs
President Trump will soon nominate Charles P. Rettig to become the next Commissioner of the Internal Revenue Service (IRS), according to a reliable media report .  If nominated and confirmed by the Senate, Rettig's initial term would run through November 12, 2022. He would relieve David Kautter ...
Posted By NSA Admin 10/26/2017 9:57:21 AM
Found In Community: Main Street Practitioner Blog Blogs
Secretary Mnuchin has announced that David J. Kautter, Treasury’s Assistant Secretary for Tax Policy, will serve as Acting IRS Commissioner when my term ends next month. As Treasury’s top tax official, Kautter oversees development and implementation of tax policies and programs as well as reviews ...
Posted By James Crawford Aug 2, 2017 9:05 AM
Found In Library: Main Street Practitioner Archive
#MainStreetPractitioner
Posted By John Ams 6/21/2017 9:09:48 AM
Found In Community: Main Street Practitioner Blog Blogs
The IRS has announced it will begin issuing new and renewal PTINS at no cost beginning today. The change follows the suspension of the PTIN program as a result of the June 1 court decision in Steele v. United States , where the U.S. District Court for the District of Columbia ruled the IRS can ...
Posted By NSA Admin May 31, 2017 2:19 PM
Found In Library: Main Street Practitioner Archive
#MainStreetPractitioner
Posted By John Ams 4/3/2017 11:50:29 AM
Found In Community: Main Street Practitioner Blog Blogs
The National Society of Accountants (NSA) and other tax practitioner-related associations have formed a coalition to call for massive improvements in the Internal Revenue Service (IRS). The coalition issued a report, Ensuring a Modern-Functioning IRS for the 21st Century , that outlines the framework ...
Posted By NSA Admin 3/31/2017 2:19:01 PM
Found In Community: Main Street Practitioner Blog Blogs
Tax Professionals Warned of e-Services Scam; Urged to be Wary of Schemes as Filing Season Deadline Approaches The IRS, NSA, state tax agencies and the tax industry today warned tax professionals to beware of phishing email scams claiming to be from IRS e-Services and of schemes in general as the ...
Posted By NSA Admin Feb 2, 2017 3:47 PM
Found In Library: Main Street Practitioner Archive
#MainStreetPractitioner
Posted By National Society of Accountants 12/9/2016 4:43:22 PM
Found In Community: Life and Taxes Blogs
The Internal Revenue Service and Security Summit partners urged taxpayers to take immediate steps to protect their personal data to strengthen expanded efforts being taken this upcoming tax season by federal, state and tax industry leaders against identity theft and refund fraud. The Security Summit, ...
Posted By National Society of Accountants 12/8/2016 8:41:58 AM
Found In Community: Main Street Practitioner Blog Blogs
Tax Professionals: Protect Your Clients; Protect Yourself Due to the sensitive client data held by tax professionals, cybercriminals increasingly target the tax preparation community. Thieves use a variety of tactics, from remote computer takeovers to phishing scams. The IRS and NSA ask for your ...
Posted By John Ams 12/7/2016 11:57:10 AM
Found In Community: Main Street Practitioner Blog Blogs
Protect Your Clients: Security Summit Partners Warn Tax Pros of Cybercriminals, Launch New Awareness Tips The Internal Revenue Service, state tax agencies and the tax industry today warned tax professionals of the continuing threat from cybercriminals and launched a series of security tips to encouraging ...
Posted By NSA Admin Dec 1, 2016 8:42 AM
Found In Library: Main Street Practitioner Archive
The November/December 2016 issue in PDF format #MainStreetPractitioner