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Useful Links:Stakeholders Partners' Training and Upcoming EventsSeminars, Workshops, Conferences, and Other Practitioner Activities By State:Alabama Kentucky North Dakota | Issue Number: 2013-31Inside This Issue
1. Principal Deputy Commissioner Speaks Before the 2013 IRS Nationwide Tax Forum in Dallas Read the prepared remarks of Danny Werfel, Principal Deputy Commissioner, before the 2013 IRS Nationwide Tax Forum in Dallas. 2. Principal Deputy Commissioner’s Statement on the Affordable Care Act Before the House Ways and Means Committee Read the statement of Danny Werfel, Principal Deputy Commissioner, on the Affordable Care Act before the House Ways and Means Committee. 3. All FBARs Must Now Follow the Mandatory e-Filing Requirement Do you have clients filing Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR) after July 1, 2013? All FBARs must now follow the mandatory e-filing requirement. Read Notice on E-Filing Mandate for more information. Please see Publication 4261 or Publication 4261 in Spanish for current e-filing information. If you have FBAR questions, please email FBARquestions@irs.gov 4. Tips for Employers Who Outsource Payroll Duties Many employers outsource their payroll and related tax duties to third-party payers such as payroll service providers and reporting agents. Though most of these businesses provide very good service, there are, unfortunately, some who do not have their clients’ best interests at heart. Here are some steps employers can take to protect themselves from unscrupulous third-party payers. 5. Aug. 8 Phone Forum: The Importance of Good Internal Controls Sign up now for this Aug. 8 phone forum and learn how effective internal controls are essential to preventing costly mistakes that could jeopardize a retirement plan’s tax-favored status. During this forum, we’ll share the importance of good internal controls, provide examples of controls and show how they can prevent certain recurring errors. We’ll also discuss how we evaluate the sufficiency of a plan’s internal controls during an audit. 6. Aug. 29 Phone Forum- How to Prepare for an IRS Employee Plans Audit Sign up now for this Aug. 29 phone forum and get the latest information about the Employee Plans Examinations process. We’ll go over the documents you should have at the audit to show how your plan complies with the law. We’ll also touch on our enforcement activities and compliance issues, including current audit initiatives, the Employee Plans large case program and follow-up enforcement projects based on the 401(k) Questionnaire. Please send questions you'd like addressed during the forum to ep.phoneforum@irs.gov by August 23, 2013. 7. Technical Guidance Announcement 2013-37 extends to January 31, 2014, the deadline to submit on-cycle applications for opinion and advisory letters for sponsors and practitioners maintaining defined benefit mass submitter lead plans for the plans’ second six-year remedial amendment cycle. Announcement 2013-37 will be in IRB 2013-34, dated August 19, 2013. Thank you for subscribing to e-News for Tax Professionals an IRS e-mail service. If you have a specific concern about your client's tax situation, call the IRS Practitioner Priority Service 1-866-860-4259. This message was distributed automatically from the mailing list e-News for Tax Professionals. Please Do Not Reply To This Message To subscribe to or unsubscribe from another list, please go to the e-News Subscriptions page on the IRS Web site. | ||
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