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...
1 Comment - no search term matches found in comments.
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...
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 IRS yesterday issued final regulations that aim to curtail earnings stripping transactions by corporations. The rules set documentation requirements "for certain related-party interests in a corporation to be treated as indebtedness for federal tax purposes, and treat as stock certain...
The Internal Revenue Service today announced important changes to help taxpayers comply with revisions to the Individual Taxpayer Identification Number (ITIN) program made under a new law, which implements provisions of the December 2015 PATH Act. The changes require some taxpayers to renew...
When Brian L. Thompson, CPA, a partner with Bailey & Thompson Tax & Accounting, P.A., in Arkansas, was forced by the Internal Revenue Service (IRS) to conduct a tax return audit for a client with an IRS representative on April 15, 2015, he was surprised and disappointed that this...
NSA Member Shirley Buchanan, ATP, RTRP , is representing NSA and participating in the Earned Income Tax Credit (EITC) Summit today and tomorrow hosted by IRS Commissioner Koskinen. The objective is to have a discussion among informed people about three main topics - EITC over claims,...
The IRS recently released a Memo regarding a Change in Policy on Initial Taxpayer Contact in Examination Cases. Effective immediately, all initial contacts must be made my mail , instead of telephone, using the appropriate initial contact letters. In the memo, the IRS recognized...
The President Signs the Tax Extender Bill The President signed the "Protecting Americans from Tax Hikes (PATH) Act of 2015" December 18, 2015. The PATH Act of 2015 makes some of the extended provisions permanent while extending others only for two years. Among the provisions included in...
The PATH Act of 2015 announced On December 16, 2015, Senate Finance Committee Chairman Orrin Hatch (R-Utah), House Ways and Means Committee Chairman Kevin Brady (R-Texas), and Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) announced the Protecting Americans from Tax Hikes (PATH)...
1330 Braddock Place, Suite 540Alexandria, VA 22314Emailmembers@nsacct.org
Phone+1 800-966-6679
JoinBenefitsLearn MoreRenew
About UsTerms of Use