Category Archives: USA

USA IRS : e-New for Tax Professionals 2020-52

By | December 24, 2020

Inside This Issue   News from the Justice Department’s Tax Division: IRS Commissioner comments on syndicated conservation easement guilty pleas Webinars: Archived videos available on the IRS Video Portal Technical Guidance 1.  News from the Justice Department’s Tax Division: IRS Commissioner comments on syndicated conservation easement guilty pleas Stein Agee of Canton, Ga., and Corey Agee… Read More »

USA IRS : Final Extension of Temporary Relief for Fuel Removals Destined for Nontaxable Use Due to West Shore Pipeline Shutdown

By | December 24, 2020

N-21-04: Final Extension of Temporary Relief for Fuel Removals Destined for Nontaxable Use Due to West Shore Pipeline Shutdown Notice 2021-04 provides the final extension of the temporary dyed fuel relief provided in section 3.02 of Notice 2017-30, 2017-21 I.R.B. 1248.  The temporary relief was extended through December 31, 2018, by section 3 of Notice 2018-39,… Read More »

USA IRS : Relief from Physical Presence Requirement for Spousal Consents Under Qualified Retirement Plans

By | December 24, 2020

N-21-03: Extension of Temporary Relief from the Physical Presence Requirement for Spousal Consents Under Qualified Retirement Plans In response to the continuing public health emergency caused by the Coronavirus Disease 2019 (COVID-19) pandemic, Notice 2021-03 extends from January 1, 2021, through June 30, 2021, the temporary relief provided in Notice 2020-42, 2020-26 I.R.B. 986, from the physical… Read More »

USA IRS issues standard mileage rates for 2021

By | December 23, 2020

IRS issues standard mileage rates for 2021 WASHINGTON — The Internal Revenue Service on 22.12.2020 issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2021, the standard mileage rates for the use of a car (also vans,… Read More »

USA IRS : Business MeF Production Shutdown/Cutover Schedule

By | December 19, 2020

To ensure that all Business Returns e-filed through the Modernized e-File (MeF) system are processed timely, the following MeF Production shutdown/cutover and acknowledgment retrieval schedule has been established. It is imperative that everyone adhere to the schedule shown below. Business MeF Production Shutdown/Cutover Schedule Shutdown for “Send Submissions” only is scheduled to begin at 11:59… Read More »

USA IRS : Use Right Form to file Employment Tax Returns

By | December 17, 2020

Small businesses should make sure to use the right form when filing employment tax returns Some small businesses pay employment tax quarterly while others may pay it just once a year. The IRS advises small business owners to review the rules for filing two commonly used employment tax returns. The two forms are:    •  Form… Read More »

IRS Tax Tips : Taxpayer has the right to challenge the IRS’s position

By | December 15, 2020

Every taxpayer has the right to challenge the IRS’s position and be heard Taxpayers have the right to challenge the IRS’s position and be heard. This is part of Taxpayer Bill of Rights, which clearly outlines the fundamental rights every taxpayer has when working with the IRS. Taxpayers have the right to: Raise objections. Provide additional… Read More »

USA IRS : e-file Providers/EROs

By | February 27, 2020

This is a reminder of the e-file monitoring rules in Publication 3112, IRS e-file Application and Participation. The IRS monitors Providers through review of IRS records and during visits to Providers’ offices and other locations where Providers perform IRS e-file activities. During monitoring visits, the IRS may investigate complaints and ensure compliance with IRS e-file rules.… Read More »