The Administration's budget proposal released on Tuesday, May 22, includes two provisions that may affect NSA members.
In the section of the budget proposal related to reducing improper payments, there is a proposal to increase oversight of paid tax return preparers as well as a proposal to provide more flexible authority for the IRS to address correctable errors. According to the budget documents, the preparer oversight provision is expected to reduce the federal budget deficit by $439 million during the ten year budget window, whereas correctable error authority is expected to reduce the budget deficit by $655 over the same timeframe.
NSA Executive Vice President, John Ams has already been in contact with IRS official offering NSA's assistance in working on these two matters if/when they are enacted.
The IRS has announced it will begin issuing new and renewal PTINS at no cost beginning today.
The change follows the suspension of the PTIN program as a result of the June 1 court decision in Steele ...
If it seems there is a new tax scam every week, that is because there is. This week's scam is linked to the Electronic Federal Tax Payment System (EFTPS), where fraudsters call to demand an immediate ...
On June 1, 2017, the United States District Court for the District of Columbia upheld the Internal Revenue Service’s authority to require the use of a Preparer Tax Identification Number (PTIN), but ...
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