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 is sending the following QuickAlert today to users of e-Services:
The IRS today warned all e-Services users to beware a new phishing scam that tries to trick tax professionals into “signing” ...
The National Society of Accountants (“NSA”) is pleased to submit comments on the Exposure Draft of Proposed Section 14(q) of the Uniform Accountancy Act, or UAA. As you may know, NSA is a voluntary association ...
The House Ways and Means Committee this afternoon released a bill that would provide tax relief to those impacted by the recent hurricanes. It is expected the bill will receive consideration in the House ...
1330 Braddock Place, Suite 540
Alexandria, VA 22314
For Advertisers and Sponsors
Find A Professional
NSA Scholarship Foundation
Affiliated State Organizations
Accreditation Council for Accountancy and Taxation (ACAT)