Tax news October 2013

Tax

Shutdown Forces IRS to Delay PTIN Renewals for 2014

The IRS reported on October 16 that Preparer Tax Identification Number (PTIN) renewals have been delayed for 2014 due to the federal government shutdown.
Tax

Teresa Mackintosh Tapped to Lead CCH Tax & Accounting US

On October 15, Teresa Mackintosh, CPA, CITP, was named president and CEO of CCH Tax & Accounting US by parent company Wolters Kluwer, effective immediately.
Tax

EY Survey Finds Tax Execs Looking for 'Success Under Pressure'

A recent survey from Big Four firm EY explored the combination of external pressures and internal corporate plans for growth that international tax and finance executives are managing.
Tax

Sarah Hall Ingram Defends IRS on Obamacare

How's the rollout of the Affordable Care Act going? Just fine, thank you, according to IRS official Sarah Hall Ingram, who is running the tax collection agency's end of the operation.
Tax

The Fed Shutdown Just Keeps Getting Weirder

Oh what odd images the shutdown hath wrought. Here are some snippets of the federal government shutdown you may not know about.
Tax

IRS' Ingram: Did the Devil Make Her Do It?

The IRS has been embroiled in plenty of turmoil lately, but presumably it has nothing to do with a witch's cauldron or a satanic spell. Nevertheless, an IRS official sitting on the hot seat in Congress was asked to defend herself against mock charges she was demonic.
Tax

IRS Provides Update on Available Services During Shutdown

The IRS on October 8 posted updated information for taxpayers on its website about what services the agency can and cannot provide while the federal government is shut down.
Tax

IRS Can't Find $67 Million in Obamacare Funds

As if there wasn't enough controversy already swirling around the Affordable Care Act, now the TIGTA reports that the IRS can't account for $67 million stashed in a slush fund intended to help enforce the law.
Tax

Rapper Nelly to Feds: No Work = No Taxes

Would you vote for a rapper for president? How about Congress? Don't answer too quickly. Whatever your politics, as the government shutdown wanes on, the rapper who calls himself Nelly is making more sense than any of our elected representatives.
Tax

Tom Hanks Flees NYC before the Tax Bug Bites

It must be a pain to be wealthy and famous. Most people who enter a state on business can slip in, do a deal, and go on home without drawing the unwanted attention of the IRS. But for Tom Hanks, it's not so easy.
Tax

National Organization for Marriage Files Suit against IRS

The National Organization for Marriage filed a lawsuit against the IRS on October 3, claiming it has "irrefutable proof" the agency illegally released the pro-traditional marriage organization's 2008 confidential tax return to the Human Rights Campaign.
Tax

US Tax Court Cancels Trial Sessions Due to Shutdown

Due to the federal government shutdown that began last Tuesday, the US Tax Court in Washington, DC, canceled trial sessions scheduled to begin on October 7 and 8 in several cities throughout the country.
Tax

Tax Sentence Served: Lauryn Hill Out of Prison

A few days short of her three-month sentence for tax evasion, the prison doors opened for Lauryn Hill on Friday, October 4.
Tax

Crime Watch: October 4, 2013

A massive case of organized tax and bank fraud culminated September 26 with the unsealing of four federal grand jury indictments accusing fifty-five people of participating in one or more illicit schemes, including the theft of more than 2,000 identities that were used to claim more than $20 million in bogus IRS tax refunds.
Tax

IRS Issues 'Progress Report' on Tax-Exempt Improvements

The IRS says it's improving procedures for reviewing tax-exempt applications. On September 24, the nation's tax collection agency released a new table showing the progress it has made in following recommendations outlined by the TIGTA.
Tax

IRS: Tax Refunds Suspended until Shutdown Is Over

Because of the federal government shutdown, the IRS will be unable to issue tax refunds until the stalemate in Congress is over, but the agency reiterated that all taxpayers should continue to meet their normal tax obligations.
Tax

AICPA Creates Q&A Page to Help Practitioners During Shutdown

The American Institute of CPAs (AICPA) has created a questions-and-answers page on the tax section portion of its website to help practitioners working to complete tax returns during the federal government shutdown.
Tax

IRS Sets Per Diem Rates for 2013-2014 Travel Expenses

The IRS has set the special per diem rates for substantiating certain business expenses taxpayers incur when traveling away from home in 2013 and 2014. The per diem rates went into effect October 1, 2013.
Tax

Shutdown Won't Halt October 15 Filing Extension Deadline

Despite the federal government shutdown that went into effect October 1, the deadline for many of the more than twelve million taxpayers who requested an automatic six-month extension from the IRS to file their 2012 tax returns and make payments will remain October 15.

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