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So far Carlos Ramirez has created 49 blog entries.

IRS Urges Travelers Requiring Passports to Pay Their Back Taxes or Enter into Payment Agreements; People Owing $51,000 or More Covered

The Internal Revenue Service today strongly encouraged taxpayers who are seriously behind on their taxes to pay what they owe or enter into a payment agreement with the IRS to avoid putting their passports in jeopardy. This month, the IRS will begin implementation of new procedures affecting individuals with “seriously delinquent tax debts.” These new [...]

By | January 17th, 2018|Tax News|0 Comments

Employers and Coverage Providers have more Time to Furnish Health Coverage Forms to Individuals

The IRS extended the 2018 due date for certain employers and health coverage providers to furnish 2017 health coverage information forms to individuals. The following organizations now have until March 2, 2018, to provide Forms 1095-B or 1095-C to individuals: Insurers. Self-insuring employers. Other coverage providers. Applicable large employers. The March 2 date is a 30-day extension from the [...]

By | January 16th, 2018|Tax News|0 Comments

IRS Selects New Advisory Council Members

The Internal Revenue Service today announced the appointment of seven new members to the Internal Revenue Service Advisory Council (IRSAC). The IRSAC, established in 1953, is an organized public forum for IRS officials and representatives of the public to discuss various issues in tax administration. The council provides the IRS Commissioner with relevant feedback, observations [...]

By | January 15th, 2018|Tax News|0 Comments

8 Warning Signs You’re Taking a Client for Granted

Source: AccountingWeb Not every client wants to continue working with you, particularly if their situation is simple, they may be better off filing through a mass market tax preparation service or filing for free through the IRS Free File service. Yet, there are some clients who really need your help and may be thinking of leaving. [...]

By | January 12th, 2018|Tax News|0 Comments

National Taxpayer Advocate Delivers Annual Report to Congress; Discusses Tax Reform Implementation and Unveils “Purple Book”

National Taxpayer Advocate Nina E. Olson today released her 2017 Annual Report to Congress, describing challenges the IRS will face as it implements the recently enacted tax reform legislation and unveiling a new publication, “The Purple Book,” that presents 50 legislative recommendations intended to strengthen taxpayer rights and improve tax administration.  The report also examines a [...]

By | January 11th, 2018|Tax News|0 Comments

FINRA’s New Exam Lets CPAs, Tax Experts Take a Step Into the Securities Industry

Source: AccountingWeb For accountants or tax experts seeking to broaden their knowledge or to start establishing a foundation in the securities industry in a move that might help their clients, the Financial Industry Regulatory Authority (FINRA) is offering a new introductory-level exam in October. The Securities Industry Essentials (SIE or Essentials) Exam, which will be [...]

By | January 10th, 2018|Tax News|0 Comments

Security Summit Partners Warn Tax Pros of Heightened Fraud Activity as Filing Season Approaches

The Internal Revenue Service, state tax agencies and the tax industry today warned tax professionals of early signs that cybercriminals already are at work as the nation’s tax season approaches. Fraudsters are using a new round of emails posing as potential clients or even the IRS to trick tax practitioners into disclosing sensitive information. The [...]

By | January 9th, 2018|Tax News|0 Comments

Following Simple Steps Helps People Protect Data from Thieves

Taxpayers can follow a few simple steps to protect their personal and financial data online and at home. Criminals continue to steal large amounts of personal data from taxpayers and tax preparers. Thieves use that data to file fraudulent tax returns or commit other crimes while impersonating the victims. All taxpayers should follow these steps [...]

By | January 8th, 2018|Tax News|0 Comments

PATH Act Protects Enrolled Agent Credential

Source: Accountingweb While the Protecting Americans from Tax Hikes (PATH) Act of 2015 made headlines before the holidays for permanently extending many popular tax incentives for businesses and individuals, you may have overlooked a provision in the bill that gives kudos to enrolled agents. Under Section 410 of the PATH Act, Clarification of Enrolled Agent Credentials, enrolled agents [...]

By | January 5th, 2018|Tax News|0 Comments

2018 Tax Filing Season Begins Jan. 29, Tax Returns Due April 17; Help Available for Taxpayers

The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February. The IRS will begin accepting tax returns on Jan. 29, with nearly 155 million individual tax returns expected to be filed in 2018. [...]

By | January 4th, 2018|Tax News|0 Comments
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