The Tax Professionals Blog — IRS

IRS 2016 Standard Mileage Rates

Posted by Lee Reams Sr. on

The IRS in Notice 2016-01 has announced the standard mileage rates for 2016. Due to the declining gas prices in 2015 the rates have taken a significant drop. 54 cents per mile for business miles driven (down from 57.5 cents in 2015) 19 cents per mile driven for medical or moving purposes (down from 23 cents in 2015) 14 cents per mile driven in service of charitable organizations (fixed by Congress, never adjusted for inflation)

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Do You Want To Be Heard About Tax Simplification? Now Is Your Chance!

Posted by Lee Reams II on

Orin Hatch, R-Utah and Ron Wyden, D-Oregon, both leaders of the Senate Finance Committee are soliciting ideas from stakeholders on how to best overhaul the tax code to make it simpler, fairer, and more efficient.

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Court Dismisses AICPA suit against IRS Voluntary Tax Preparer Suit

Posted by Lee Reams II on

A federal judge, James Boasberg, the same judge who handed down the Loving v. IRS ruling last year invalidating the IRS’s attempt to impose mandatory testing and continuing education of non-credentialed tax preparers, has dismissed a lawsuit against the Internal Revenue Service by the American Institute of CPAs over its new program offering voluntary education and testing of non-CPA tax preparers.

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IRS is Sending EITC Due Diligence Warnings

Posted by Lee Reams Sr. on

During October the IRS will send warning letters to preparers who appear not to be complying with due-diligence requirements for the Earned Income Tax Credit.

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IRS Plans to Address Tax Preparer Complainants Faster

Posted by Lee Reams Sr. on

The Internal Revenue Service intends to process complaints against tax preparers from their clients in a more timely way, in response to a new government report that found it had begun work on only about half the complaints it received since October 2012.

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