The Tax Professionals Blog
Individual FBAR Filers Get New E-Filing Option (FinCEN)
Posted by Lee Reams Sr. on
The BSA E-Filing System now provides an alternative e-filing method for individuals filing the Report of Foreign Bank and Financial Accounts (FBAR).
New Scam Targets Tax Professionals
Posted by Lee Reams Sr. on
The Internal Revenue Service in Notice 2015-3 is warning return preparers and other tax professionals to be on guard against bogus emails making the rounds seeking updated personal or professional information that in reality are phishing schemes.
Covered California Extends Enrollment For Taxpayers Who Were Penalized in 2014.
Posted by Lee Reams Sr. on
Where a taxpayer was penalized for not having qualified in 2014, and attests to the fact they were unaware of the penalty, they may enroll through April of 2015 even though open enrollment closed on February 28th. This is in addition to special enrollments throughout the year for taxpayers with life event changes.
IRS Issues COD Audit Technique Guide
Posted by Lee Reams Sr. on
The IRS Issued an audit technique guide, Real Estate Foreclosures and Cancellation of Debt. The guide is available at:http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Real-Estate-Property-Foreclosure-and-Cancellation-of-Debt-ATG
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.