WASHINGTON – The Internal Revenue Service today announced that interest rates for the calendar quarter beginning January 1, 2011, will decrease by one percentage point. The rates will be:
The IRS has approved the use of an electronic signature pad by Electronic Return Originators (EROs) to have taxpayers sign Forms 8879 and 8878.
Taxpayers must be present in the ERO’s office where the electronic signature pad is located to sign using the signature pad. The ERO must retain the forms with the taxpayers’ signatures and provide a copy to the taxpayer upon request.
This policy change has been updated in the Web version of Publication 1345 information titled; Authorized IRS e-file Providers e-filing Individual Income Tax Returns at IRS.gov. You will find it specifically on the IRS e-file Signature Authorization link under Signing an Electronic Tax Return.
WASHINGTON — The Internal Revenue Service announced the availability of expanded Twitter feeds to share timely information with taxpayers and the tax professional community.
The IRS Twitter news feed, @IRSnews, provides the latest federal tax news and information for taxpayers. The focus of the IRS Twitter messages will be on easy-to-use information, including tax tips, tax law changes and important IRS programs such as e-file, the earned income tax credit and “Where’s My Refund.” Anyone with a Twitter account can follow @IRSnews by going tohttp://twitter.com/IRSnews. Continue reading
The December Outreach Corner includes the following articles.
WASHINGTON — The Internal Revenue Service today detailed how, starting Jan. 1, 2011, paid tax return preparers can comply with a new law that requires paid tax return preparers who meet the definition of “specified tax return preparer” under the new law to electronically file (e-file) federal income tax returns that they prepare and file for individuals, trusts and estates.
The e-file requirement will be phased in over two years. Continue reading