Wealth Strategies Journal

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Tag: IRS

IRS Requests Public Comments on Stock Option and Purchase Plan Forms

The IRS has requested public comments on Form 3921 and Form 3922.  The forms cover stock options and purchase plans.  The comments are due by September 8, 2014.

See 79 FR 38671 (July 8, 2014).

Posted by David Song, Associate Editor, Wealth Strategies JournalContinue reading

IRS Requests Comments on Employment, Estate, and Trust Signature Forms

The IRS has requested public comments on Form 8455-EMP, Form 8453-FE, Form 8878-F, and Form 88790-MP.  The forms cover employment, estate, and trust signatures.  The comments are due by September 8, 2014.

See 79 FR 38670 (July 8, 2014).

Posted by David Song, Associate Editor, Wealth Strategies JournalContinue reading

IRS Doesnt Want to See Circular 230 at Bottom of E-Mails

Internal Revenue Service officials said they were happy to bid adieu to the omnipresent yet misused IRS Circular 230 disclaimer at the bottom of practitioner e-mails, and cautioned practitioners that continued inclusion of the disclaimer will be considered a misstatement

See Bloomberg BNA, The Tax Times: IRS Doesnt Want to Continue reading

IRS Announces New Education Program for Tax Preparers

The IRS announced that there will be new voluntary program designed to encourage continuing education for tax return preparers.  The program would include a course in basic tax filing, ethics, and other federal tax law courses.  Unenrolled tax preparers will be able to obtain a record of completion after finishing … Continue reading

OPR Warns Practitioners to Remove Circular 230 Disclaimers

The IRS Office of Professional Responsibility advised practitioners to stop using Circular 230 disclaimers.  The IRS finalized Circular 230 (T.D. 9668) replacing the covered opinion and establishing one standard for covered opinion rules.  The OPR warned that practitioners that include any disclaimers that state “The Internal Revenue Service says” or … Continue reading