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The Call for Speakers submission for the 2020 National Conference featuring the National Tax Practice Institute (NTPI®) deadline is fast approaching. If interested, we encourage you to submit your proposal as soon as possible!
The event will be held in conjunction with NAEA's National Conference from August 2-6, 2020, at the Westin Kierland Resort & Spa in Scottsdale, Arizona.
The National Tax Practice Institute provides the best representation education available, and we are seeking experienced, dynamic, and enthusiastic speakers on the topic of representation. We also have a robust line up of tax preparation topics and we are looking for the brightest in the field.
Please note that ALL speakers (including returning speakers) are required to fill out an application by the following dates:
Before submitting a proposal, review and print the following items:
Notification of acceptance will be sent by February 14, 2020.
- NTPI Proposal Submission Deadline: January 17, 2020 at 11:59 P.M. (Pacific Time)
- Graduate Level in Representation and Tax Preparation Issues Deadline: January 24, 2020 at 11:59 P.M. (Pacific Time)
NAEA recently announced two new member benefits, and we are still awfully excited by them:
The Verifyle Pro demonstrations have been so popular, we have scheduled a few more before filing season begins. Sign up for your online training today!
- Verifyle Pro™: A secure, easy-to-use online document sharing, storage, and messaging service that provides private and secure email, cloud file sharing, and encryption.
- Wolters Kluwer TaxAware Center: An online 24/7/365 research portal, spanning state and federal tax news and information.
Tax Season Survey – We Want to Hear From You
Every year, NAEA checks the pulse of the industry ahead of tax season by asking America’s Tax Experts® their views on factors impacting the profession. This is your chance to shape the media’s story ahead of tax season. Be on the lookout for the survey the week of January 19, 2020.
NAEA Advocacy in Action
IRS is required by the Taxpayer First Act of 2019 to develop a comprehensive customer service strategy, modernize its technology, and enhance its cyber security. IRS provides more detail on its website.
In an effort to assist the agency with these tasks, NAEA produced a document, "Creating a Taxpayer-focused IRS, which stresses budget reform, workforce reform, technology reform, and organizational reform. The document is not lengthy and E@lert recommends members take a few minutes to review.
Included among our proposals, we recommend IRS:
We also recommend Congress provide funding necessary to meet mutually agreed upon levels of service and compliance, or if not, explain why these funding levels were not provided.
- Create a dedicated, executive-level practitioner services unit that would centralize and modernize its approach to all practitioners.
- Provide guidance on the use of private sector electronic signature options for Forms 2848 and 8821 used by Circular 230 practitioners.
- Create and fund a dedicated training division within the IRS to increase competency and create an appropriate culture.
IRS Announces New Withholding Estimator
IRS has launched a “new and improved Tax Withholding Estimator” (the agency’s words, not E@lert’s). It incorporates changes from the redesigned Form W-4. Now whether the redesigned form is in fact easier, well that is your call and the call of your clients.
Several state items of interest:
- The California Franchise Tax Board (FTB) has announced it is changing how it responds to those who file head of household (HOH) filers for whom it denies the filing status. The FTB said, “We will be able to determine if a taxpayer qualifies for head of household when the return is processed.” Details in the release, but E@lert wonders how well the new Form 3532 is going to work…
- The Colorado Society of Enrolled Agents inaugurated its legislative day on January 8. Among accomplishments, they met with the State Senate President, Leroy Garcia (see pic below, taken by Penny Fisher, EA), and used the meetings to increase awareness of the profession.
- The Ohio Department of Taxation has a new Form W-2 upload feature on the Ohio Business Gateway. The feature allows payroll providers and employers to submit data files to the Department of Taxation.
- The Arizona Department of Revenue has introduced self-service kiosks in Phoenix and Tucson locations. The kiosks allow taxpayers to e-file and pay taxes.
IRS issued its annual kick-off revenue procedure, all of which are included in the first Internal Revenue Bulletin of 2020 (IRB 2020-1):
In Rev. Proc. 2020-11, IRS establishes a safe harbor extending cancellation-of-debt income (CODI) relief to additional taxpayers who borrowed (either from the feds or privately) to finance education at a nonprofit or for-profit school. The Journal of Accountancy provides more detail.
- Rev. Proc. 2020-1: letter rulings and information letters
- Rev. Proc. 2020-2: technical advice
- Rev. Proc. 2020-3: domestic area rulings which will not be issued
- Rev. Proc. 2020-4: determination and ruling letters for tax-exempt entities, etc.
- Rev. Proc. 2020-5: determination letters for exempt organizations
- Rev. Proc. 2020-7: international area rulings which will not be issued.
| || EVERYTHING BUT THE KITCHEN SINK|
Since last week, we have discovered metrics-based performance backfires; a classic Atul Gawande essay on medical care in America; and the Harvard Business Review podcast on mental health and work.
Otherwise, we offer a bucket full of tax-related items, pulled especially for America’s Tax Experts®:
- House Ways and Means Dems—Committee Chairman Richard Neal and IRS Oversight Subcommittee Chair John Lewis—are pushing for a permanent National Taxpayer Advocate, to fill the seat vacated when long-time NTA Nina Olson retired in mid-2019.
- Need to understand potential troubles with direct and indirect retirement rollovers? Look no further. We found in Financial Planning a nifty, detailed article, including charts and examples.
- Do your kids—or anyone else’s kids—need a Roth IRA? Here are some thoughts on Roths for kids…
- In case you are having difficulty falling asleep, or are a super tax policy nerd, we have what you need: the annual Joint Committee on Taxation estimate of tax expenditures (FY19-23). And, because we care, here’s the Tax Policy Center’s primer on tax expenditures. You are welcome.
- A: Form 3800. Q: What is the form IRS demands taxpayers file to provide details about each general business tax credit claimed?
- Speaking of forms, NAEA is offering a 2.0 CE Form 1099-MISC basics webinar next Tuesday, January 21, at 2:00 P.M. EST. Jason Dinesen, EA is leading.
- Because we are a bit fascinated by the Queen of Mean, and about wills and charitable deductions, here is a scholarly paper entitled “What Leona Helmsley Can Teach Us About the Charitable Deduction.” E@lert was hooked from the opening line, “The story of Leona Helmsley is one that seems better suited to the pages of a comic book than to a newspaper…”
- And speaking of celebrities, Law 360 reports IRS agents (Criminal Investigation, we presume) “arrested embattled attorney Michael Avenatti in Los Angeles.”
- If you want your clients to believe you are hardcore, play this Tax Notes podcast, which includes Wayfair and the gig economy.
“Rummaging in our souls, we often dig up something that ought to have lain there unnoticed.’”
— Leo Tolstoy (1828-1910), Russian author
Contributions to NAEA PAC are governed by federal law. Only U.S. nationals (citizens and green-card holders) who are NAEA members in good standing may contribute to NAEA PAC. Contributions are voluntary and not deductible for federal or state income tax purposes. Corporate contributions are not permitted. We are required to use our best efforts to collect and report the name, mailing address, occupation and name of employer of individuals who contribute $200 or more in a calendar year. Individual contributions are limited to $5,000 per year.
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NAEA E@lert | Volume 2: Issue 4
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