Source: http://vita-volunteers-org.blogspot.com/2013/06/
Timestamp: 2018-07-22 21:57:29
Document Index: 15439404

Matched Legal Cases: ['§ 301', '§ 5000', '§ 36', '§ 42', '§ 142', '§ 142']

Vita-Volunteers.org Upcoming Events Blog: 06/01/2013 - 07/01/2013
Below is IRS News & Events from Stakeholder Liaison.
Please share the below information with your members and colleagues. Select the blue links to see the full article. Thank you, and have a great day!
IR-2013-63, June 26, 2013 — The National Taxpayer Advocate has released a mid-year report to Congress identifying the priority issues the Taxpayer Advocate Service will address during the upcoming fiscal year.
IR-2013-61, June 19, 2013 — The Electronic Tax Administration Advisory Committee (ETAAC) presented its 2013 Annual Report to Congress with recommendations on electronic tax administration.
IR-2013-59, June 3, 2013 ― The IRS today announced the selection of several senior leaders to assist new Acting Commissioner Danny Werfel.
New features debut on Exempt Organization’s webpages, Refunds for canceled registered tax return preparer tests, IRS closed due to budget and sequester and more . . .
E-Services: Disclosure Authorization and Electronic Account Resolution Applications Retire in August
Due largely to low usage, the IRS will retire and remove the Disclosure Authorization (DA) and Electronic Account Resolution (EAR) applications from e-Services effective Aug. 11.
Financial Crimes Enforcement Network (FinCEN) Final Rule on FBAR Responsibilities
Review the Final Rule on Foreign Bank and Financial Accounts Report (FBAR) Responsibilities, published Feb. 24, 2011, to determine if your clients need to file TD F 90-22.1, FBAR, by June 30, 2013.
Revenue Procedure 2013-32 changes IRS letter ruling policy concerning spin-offs, reorganizations and other corporate nonrecognition transactions. The IRS will no longer rule on whether such transactions generally qualify for tax-free treatment, but will instead rule only on significant issues presented therein. Revenue Procedure 2013-32 will appear in IRB 2013-28 dated July 8, 2013.
Rev. Rul. 2013-14 - Is the fideicomiso or Mexican Land Trust arrangement (“MLT”), a trust under Treasury Regulation § 301.7701-4(a)?
Notice 2013-42 provides relief from the § 5000A shared responsibility payment for specified individuals who are eligible to enroll in certain eligible employer-sponsored health plans with a plan year other than a calendar year (non-calendar year plans) if the plan year begins in 2013 and ends in 2014.
Notice 2013-41 provides guidance on whether or when, for purposes of the premium tax credit under § 36B of the Internal Revenue Code, an individual is eligible for minimum essential coverage under the Medicaid, Medicare, or TRICARE government-sponsored health programs or under a student health plan or state high risk pool.
Both Notice 2013-41 & Notice 2013-42 will be in IRB 2013-29, dated July 15, 2013.
Notice 2013-40 - This notice provides for the suspension of certain requirements under § 42 of the Code for low-income housing credit projects to provide emergency housing relief needed as a result of the devastation caused by severe storms and tornadoes in the State of Oklahoma.
Notice 2013-39 - This notice provides relief from certain requirements in § 142(d) to issuers of tax-exempt bonds that approve the housing of individuals displaced due to the effects of severe storms in Oklahoma in residential rental projects financed with tax-exempt bonds under § 142(d).
T.D. 9619 - Final regulations under section 336(e) of the Code provide for an election to treat the sale, exchange, or distribution of at least 80 percent of the stock of a domestic subsidiary corporation or a subchapter S corporation as a sale of the corporation’s assets, rather than a sale of its stock.
REG-126633-12 - These proposed regulations provide guidance on the interpretation and application of section 833(c)(5). They guide certain health care organizations in computing and applying the medical loss ratio added to the Code by the Patient Protection and Affordable Care Act. A public hearing is scheduled for September 17, 2013.
T.D. 9618 - This final regulation extends the period for submission to the IRS of taxpayer authorizations permitting disclosure of returns and return information to third-party designees. Notice 2010-8 is obsolete as of May 7, 2013.
REG-125398-12 - Proposed regulations provide rules under section 36B of the Code relating to the health insurance premium tax credit, enacted by section 1401 of the Affordable Care Act, including rules for determining whether an eligible employer-sponsored plan provides minimum value.
· Veterans Organizations – Complying with IRS Rules: Tips to help veterans organizations stay tax exempt - June 30, 2 p.m. EDT
· Charities and Their Volunteers - July 17, 2013 at 2:00 PM EDT
· Phone Forum for FICA Replacement Plans - June 27, 2013 at 2 p.m. EDT
I hope you find this information helpful. If you would like additional information, you can subscribe to an IRS e-new Subscription by going to the Subscription page on IRS.gov.
Posted by Vita Volunteers Webmaster at 6/26/2013 03:02:00 PM No comments:
FYI: IRS Small Business Webinars - June 18th & 20th
IRS is offering two webinars during Small Business Week:
Small Business Owners: Get All The Tax Benefits You Deserve on June 18th, and
Avoiding the Top Tax Mistakes on June 20th
Please see below for additional information including how to register.
Please also share this information with your members/small business clients/customers. Thank you!
Small Business Owners: Get All the Tax Benefits You Deserve – IRS Webinar on June 18th
Taking all the deductions you’re entitled to? Know what business tax credits you can take?
Get answers to these questions and more during this FREE one-hour webinar…
Learn about business expenses and deductions
What is a business depreciation deduction?
Find out which business tax credits are available for your business
Get the latest facts about the American Taxpayer Relief Act
What are the qualifications for the Earned Income Tax Credit?
http://www.visualwebcaster.com/IRS/94208/reg.asp?id=94208
Avoiding the Top Tax Mistakes – IRS Webinar on June 20th
Knowledge is Power…ignorance is not bliss.
http://www.visualwebcaster.com/IRS/94230/reg.asp?id=94230
Please share this, including the flyer, with your members and anyone who may benefit from this information.
Posted by Vita Volunteers Webmaster at 6/05/2013 08:58:00 AM No comments:
FYI: IRS Small Business Webinars - June 18th & 20...