Irs Filing & Compliance. Legal news and articles for March 12 - 14, 2012

Fatca passthru payments to be simplified, expert saysIRS offers workshop for nonprofit organizationsUS FATCA uncertainty continues for institutionsConflict of Interest Management System Selected by Via Christi HealthNext Phase of FATCA Guidance Arrives with Proposed Regulations and ...IRS to Mom and Pop: Drop DeadIRS cuts penalties; but don't forget the formsIRS cuts penalties; but don't forget the formsIRS Issues First Registered Tax Return Preparer CertificatesSourceRight Solutions Executives to Discuss RPO, HR Outsourcing and Recruiting ...Post Office: Scammers Targeting Elderly By MailConflict of Interest Management System Selected by Via Christi HealthSouth Side Woman Sues the IRSIRS Begins Issuing Test Results for Tax PreparersIRS Regulation of Tax Preparers to Be Challenged in Lawsuit

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Recent Developments Highlight Growth Of IRS Whistleblower Program
Mondaq News Alerts (registration)March 5, 2012

Several recent developments have underlined the growing importance of the IRS's tax whistleblower program about which businesses and their tax departments should be aware. The IRS Whistleblower Office investigates submissions by individuals who alert ...more »

Tax Preparers Threatened over Tax Refund Delays
Accounting TodayMarch 9, 2012

At one point, when the Where's My Refund tool was malfunctioning, the IRS asked taxpayers not to keep calling (see IRS Experiences Further Tax Refund Delay Problems). But that put more pressure on tax preparers to answer the question for clients, ...more »

Irs Filing & Compliance. News and Stories

Fatca passthru payments to be simplified, expert says
Risk.netMarch 14, 2012

Reetu Khosla, Boston-based global director of risk, fraud and compliance at software company Pegasystems, thinks the US Internal Revenue Service (IRS) has no choice but to either push back the details of passthru payments to beyond June this year – the ...more »

IRS offers workshop for nonprofit organizations
Vineland Daily JournalMarch 14, 2012

Time will be available for IRS tax law specialists to address individual questions. The cost is $45, which includes breakfast and lunch. Specialists will address the “nuts and bolts” of federal tax compliance for nonprofit organizations.more »

US FATCA uncertainty continues for institutions
Investment EuropeMarch 14, 2012

Discussion on the effects of FATCA have tended to focus on banks, but custodians, investment vehicles and insurance companies will be required to fulfil US tax authority the IRS's requirements, or be liable for a levy on interest, dividends and gross ...more »

Conflict of Interest Management System Selected by Via Christi Health
Bradenton HeraldMarch 13, 2012

COI-SMART can bring a level of transparency to help organizations comply with the provisions of the Physician Payment Sunshine Act, as well as NIH regulations, internal policies, grant and contract requirements and COI requirements of the IRS Form 990.more »

Next Phase of FATCA Guidance Arrives with Proposed Regulations and ...
JD Supra (press release)March 13, 2012

by K&L Gates LLP on 3/13/2012 On February 8, 2012, the US Treasury Department (“US Treasury”) and the Internal Revenue Service (“IRS”) released long-awaited proposed regulations on the Foreign Account Tax Compliance Act (“FATCA”).more »

IRS to Mom and Pop: Drop Dead
The AtlanticMarch 13, 2012

They also have to submit to any written or oral examination demanded by the IRS, as well as a "tax compliance check and suitability check," at the IRS's discretion. The costs of compliance can be substantial. If a "registered tax return preparer" ...more »

IRS cuts penalties; but don't forget the forms
MarketWatchMarch 13, 2012

Note: If you do not pay your 2011 taxes in full by Oct. 15, 2012, all your penalties on the unpaid balance will be reinstated from April 17, as if you had never filed this form. A 6-month waiver of the IRS failure to pay penalty, from April 17 to Oct.more »

IRS cuts penalties; but don't forget the forms
MarketWatchMarch 13, 2012

By Eva Rosenberg, MarketWatch LOS ANGELES (MarketWatch) — For the past several years, as we have struggled with this depressed economy, the kinder, gentler IRS has released announcement after announcement about ways they are trying to help taxpayers.more »

IRS Issues First Registered Tax Return Preparer Certificates
CPA Practice AdvisorMarch 13, 2012

Anyone that has taken the test received a letter from the IRS stating whether they passed or failed. Individuals who pass the test must pass a tax compliance check performed by the IRS. The check is generally completed a few weeks after the test score ...more »

SourceRight Solutions Executives to Discuss RPO, HR Outsourcing and Recruiting ...
PR Newswire (press release)March 13, 2012

With companies increasingly hiring contingent labor and the IRS paying closer attention to independent contractor agreements, staffing firms that can help employers achieve peace of mind through IC compliance have a competitive advantage.more »

Post Office: Scammers Targeting Elderly By Mail
NPRMarch 13, 2012

Last year, Americans filed more than 1.5 million fraud complaints. Officials at the US Postal Inspection Service say the elderly are particularly vulnerable and the agency has made combating fraud one of its top priorities. Guest host Allison Keyes ...more »

Conflict of Interest Management System Selected by Via Christi Health
MarketWatch (press release)March 13, 2012

COI-SMART can bring a level of transparency to help organizations comply with the provisions of the Physician Payment Sunshine Act, as well as NIH regulations, internal policies, grant and contract requirements and COI requirements of the IRS Form 990.more »

South Side Woman Sues the IRS
ChicagoNow (blog)March 13, 2012

Although she has doubled her business from 56 filings last year to 104 filings this year, Loving cannot yet work at Loving Tax Services full-time. Rules and regulatory compliance costs aren't making it any easier. “It's hard because there's so much ...more »

IRS Begins Issuing Test Results for Tax Preparers
ForbesMarch 13, 2012

Fortunately, for many tax preparers, the waiting game for the new return preparer competency test is coming to an end: the IRS has begun providing test results to those who have taken the test. Preparers who score at least 350 on the 120 question test ...more »

IRS Regulation of Tax Preparers to Be Challenged in Lawsuit
BusinessWeekMarch 12, 2012

The Institute for Justice, an organization in Arlington, Virginia, that seeks to protect individual liberties, said in a statement it will file the lawsuit tomorrow in US District Court in Washington. “They're wildly overextending their actual ...more »

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