Recent News
IRS Forums 2013
IRS has announced the Forums for the summer and opened registration. NAEA’s discount code is “CodeNAEA=2013#10″ and will reduce your early bird registration rate by $10. When you visit www.irstaxforum.com, log in or create a new user. On the Registration Submission page, click on the Enter Membership Number box and select NAEA as the partner [...]
LSEA Spring 2013 Education
Mark your calendars to join your fellow LSEA members at its annual spring educational seminar – May 20th, 2013 (yeah, yeah, yeah – I know what you’re going to say…… but all sales tax returns should be done by then!!!) Please join us in welcoming NAEA’s current Immediate Past President, Sherrill Trovato as she presents [...]
New Priority Phone Service for Correspondence Audits
The IRS has launched a new service for tax professionals responding to a notice of a corresponce audit. Tax professionals can access the service, the Campus Correspondence Examination (CCE) Practioner Priority Service by calling the PPS toll-free number and selecting the Correspondence Examination option. Additional promps, based on the telephone number on the letter they [...]
Section 7520 Interest Rates for October 2011
To be used to value certain charitable interests in trusts. Pursuant to Internal Revenue Code 7520, the interest rate for a particular month is the rate that is 120 percent of the applicable federal midterm rate (compounded annually) for the month in which the valuation date falls. That rate is then rounded to the nearest [...]
PTIN System to Open October 15th
In an effort to assure that NAEA members are compliant with the new PTIN requirement for all return preparers, we are banging the drums on PTIN renewals. Recent guidance (Notice 2011-80, covered in detail in last week’s E@lert) clarified that PTINs are issued on a calendar year basis and therefore must be renewed on a [...]
