Blog

IRS Launches New Tax Withholding Calculator

Checking your withholding just got easier. The IRS launched a new IRS Tax Withholding Estimator. As part of a continuing effort to improve quality services for taxpayers, the IRS upgraded this tool, which replaces the Withholding Calculator, and gave it a facelift. More than just a name change The Tax Withholding Estimator offers taxpayers a more user-friendly, step-by-step […]

NYSDTF Glitch – DTF-160: Account Adjustment Notice – April 2019

From the NYSDTF (April 2019): Due to a systems error, beginning mid-April 2019, notices (DTF-160 Notice Code: 3201) were sent to some taxpayers whose returns have been processed without issue and had their claimed refunds paid in full. If the “previously refunded amount” listed on the notice matches the refund the taxpayer claimed and has […]

IR-2019-24 and N-2019-17: Penalty waived for farmers and fishermen

Attached for immediate release is IRS News Release 2019-24, IRS waives estimated tax penalty for farmers, fishermen who file returns and pay tax by April 15. Also attached is Notice 2019-17 announces a waiver of the addition to tax under section 6654 for underpayment of estimated income tax by qualifying farmers and fishermen for the […]

Reissuing Notice 2019-20:Penalty Relief for Missing Negative Tax Basis

Attached  is Notice 2019-20, which is being reissued to include penalty relief under section 6038 and other penalty provisions. This Notice provides a waiver of penalties under sections 6722, 6698, 6038 and other penalty provisions to certain persons and partnerships that file Schedules K-1 or other forms or statements that fail to report information about […]

Phyllis Jo Kubey, EA, testifies at a U.S. Senate hearing on IRS Reform

July 26, 2018 NAEA exists to protect, promote and provide for our profession. One of the most difficult accomplishments for any association is to be invited to testify before Congress. Such testimony invariably raises the profession’s profile and sends the message it is influencing policy. We have had two such opportunities within the past seven […]

IRS Offers TWO Webinars on Understanding Tax Scams and Abusive Schemes

The Understanding Tax Scam and Abusive Schemes webinars will provide an overview of the following: Abusive Tax Schemes and Promotors: How You Recognize Them 2018 Dirty Dozen Tax Schemes Goal of IRS Preparer and Promoter Investigations Reporting Suspected Abusive Tax Promotions and Preparers Plus a Live Q & A Click here for details and registration.

IRS working on a new Form 1040 IR-2018-146, June 29, 2018

IR-18-146 press release IRS Released DRAFTS of the 2018 Forms and Schedules

IRS Liaison Seeks EAs and CPAs for Nationwide Tax Forums Online Review

The IRS Office of National Public Liaison is soliciting CPAs and Enrolled Agents to review the new curriculum for the IRS Nationwide Tax Forums Online (NTFO) Curriculum. NTFO provides education for tax professionals from the IRS Nationwide Tax Forums. Each online, self-study seminar includes interactive video synchronized with PowerPoint presentations, alongside downloadable slides and complete […]

NYS Tax Department Updates Power of Attorney Form and Process – July 2017

Based on feedback from tax professionals and taxpayers, the NYS Tax Department recently revised Form POA-1, Power of Attorney, and implemented a power of attorney (POA) web application to make it easy to file. The changes are part of the department’s ongoing effort to make its forms more user-friendly and to enhance its operational efficiency. […]

IRS/OPR FREE “Webinars for Tax Professionals” – earn CE credits!

Are you aware of the FREE (with CE Credit available) “Webinars for Tax Professionals” offered by the IRS?  Take a look. Click on the post title (above), then you can click on this link to see what’s offered.