Department of the Treasury

Treasury, IRS Issue Proposed Regulations for FATCA Implementation

February 10, 2012

WASHINGTON — The Treasury Department and the Internal Revenue Service today issued proposed regulations for the next major phase of implementing the Foreign Account Tax Compliance Act (FATCA). Enacted by Congress in 2010, the law targets non-compliance by U.S. taxpayers using foreign accounts. Share this:

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Taxpayers Advocate – 2011 Annual Report to Congress

January 20, 2012

WASHINGTON — National Taxpayer Advocate Nina E. Olson today released her annual report to Congress, identifying the combination of the IRS’s expanding workload and declining resources as the most serious problem facing taxpayers. The result, the report says, is inadequate taxpayer service, erosion of taxpayer rights, and reduced tax compliance. The Advocate expressed her continuing [...]

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NAEA Testifies about New Preparer Oversight Program

July 28, 2011

A Tiered Approach to Credentialing Is Recommended WASHINGTON, DC (July 28, 2011)—The National Association of Enrolled Agents (NAEA) today presented testimony at a hearing before the House Ways and Means Committee Subcommittee on Oversight. The focus of the hearing was to review the new requirements for paid tax return preparers developed by IRS as part [...]

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IRS Seek Public Input on Certain Employer Provisions of the Affordable Care Act

May 13, 2011

Courtesy of IRS WASHINGTON — The Treasury Department and Internal Revenue Service today requested public comment on issues relating to the shared responsibility provisions included in the Affordable Care Act that will apply to certain employers starting in 2014. Share this:

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Your Opinion Counts! Speak Up!

April 15, 2011

Public Comment Invited on Recommendations for 2011-2012 Guidance Priority List IRS Notice 2011-39 The Department of Treasury and Internal Revenue Service invite public comment on recommendations for items that should be included on the 2011-2012 Guidance Priority List. Share this:

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Reporting health coverage cost on W-2 optional next year

October 15, 2010

IRS Releases Draft W-2 Form for 2011; Announces Relief for Employers WASHINGTON — The IRS issued a draft Form W-2 for 2011, which employers use to report wages and employee tax withholding. The IRS also announced that it will defer the new requirement for employers to report the cost of coverage under an employer-sponsored group [...]

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IRS Commissioner Doug Shulman to the American Bar Association

September 24, 2010

WASHINGTON — Following is a speech delivered by IRS Commissioner Doug Shulman today in Toronto, Canada. (See links to related materials at end of this document.) It is my great honor and privilege to be in Toronto addressing the ABA. It is a very busy time at the IRS. And while I could speak to [...]

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Making IRS Payments

August 20, 2010

Proposed Regulations Expand the Use of Electronic Payment System and Discontinue Paper Coupons Next Year WASHINGTON — Consistent with a Financial Management Service initiative announced in April of this year, the IRS today issued proposed regulations to significantly increase the number of electronic transactions between taxpayers and the federal government. The proposed regulations (REG 153340-09) [...]

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Ask TaxMama Issue 560 – The Advocate Speaks

July 9, 2010

Dear Family, This morning I started reading the Taxpayers Advocate’s (TAS) report to Congress and completely lost track of time. Does that happen with you, too? For me, reading is a fully absorbing activity. Books are especially dangerous. Once I sit down with a book, I’m lost. I’ll stay up all night to finish it. [...]

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The Taxpayers Advocate Speaks

July 9, 2010

National Taxpayer Advocate Submits Mid-Year Report to Congress; Identifies Priority Challenges and Issues for Upcoming Year IR-2010-83, July 7, 2010 WASHINGTON — National Taxpayer Advocate Nina E. Olson today released a report to Congress that identifies the priority issues the Taxpayer Advocate Service (TAS) will address during the coming fiscal year. The report expresses concern [...]

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