Archive for the ‘IRS’ Category

Watch House Hearing on Organizations Targeted by the IRS

June 4, 2013

Today the House Oversight committee is holding hearings about the IRS targeting of exempt organizations with specific political ideology.  You can watch the hearings at this link here.




Beware of Bogus IRS Emails

February 23, 2013

The IRS is warning taxpayers and practitioners about potential e-mail scammers who claim to be the IRS. Scammers use the IRS name or logo to make the message appear authentic so you will respond to it. In reality, it’s a scam attempting to trick you into revealing your personal and financial information.

The IRS does not initiate contact with taxpayers by e-mail or social media channels to request personal or financial information. Never share confidential information via e-mail with someone alleging to be the IRS. If you receive a suspicious e-mail claiming to be from the IRS, or directing you to an IRS site, do not reply, do not open any attachments, and do not click on any links.

For more information on these scams and what to watch for, go to:

IRS–Exempt Organization tool

January 25, 2012

On Friday, the Internal Revenue Service launched a new online tool called Exempt Organization Select Check.  This new resource is designed to help taxpayers gather more information regarding exempt organizations. 

Individuals can now go to this online part of and search whether or not an entity is eligible to receive tax exempt donations.  The taxpayer can also search and determine if the organization has lost their tax exempt status due to failure to file form 990 or  the IRS postcard for 990N for the past three years.  Finally, the taxpayer is also allowed to view all 990N postcard returns that have been filed by the selected entity.

For more information go to:,,id=249767,00.html

$1,000 retained worker credit

January 20, 2012

In 2010, Congress passed the HIRE Act which included a credit for businesses that hired unemployed workers.  If the new employee had been out of work for 60 days prior to hiring, the business was allowed a “payroll tax holiday” on the Social Security tax for that eligible employee.  This credit was available on wages paid from February 3, 2010 through December 31, 2010.  The credit was claimed on the employers payroll tax returns.

Along with the “payroll tax holiday”, if the same worker is retained for 52 consecutive weeks, the employer is allowed a credit equal to the lesser of $1,000 or 6.2% of the workers wages.  The employees wages in the second 26 weeks of employment need to be 80% of the first 26 weeks of employment.

Since the HIRE Act was passed in 2010, the first time the $1,000 credit would be available is on the 2011 business  tax return, 52 weeks later.  The credit will be claimed on Form 5884-B.

IRS to Hold Public Talks on “Real Time” Tax System

December 2, 2011

According to a report by Accounting Today, the Internal Revenue Service will begin a series of public meetings next week to discuss its plan to create a "real-time" tax system. IRS Commissioner Doug Shulman described such a system in a speech last spring.

According to Mr. Shulman’s vision, in a real-time tax system, taxpayers would learn quickly whether information in their tax returns matched IRS records.  The idea is that with the availability of interchangeable electronic data, the future will see less paper based third party reporting on forms like 1099’s, W2s’, and 1098’s, and more electronically filed reporting which would allow immediate comparison of filed tax returns.  The IRS would move away from its traditional “look back” model of compliance, and instead perform substantially more “real time,” or upfront matching of tax returns when they are first filed with the IRS with the data in the information returns it has received from other sources. The goal is to improve the tax-filing process and improve overall tax compliance.