ADDITIONAL STAFF AVAILABLE THIS WEEK TO REVALIDATE YOUR IDENTITY; DON’T DELAY

NSTPe-Services, Internal Revenue Service (IRS)

ADDITIONAL STAFF AVAILABLE THIS WEEK TO REVALIDATE YOUR IDENTITY; DON’T DELAY

If you received a Letter 5903, e-Services Revalidation, you must revalidate your identity. For a limited time, the e-Services Help Desk will have additional staff available to only assist tax professionals who need to revalidate their identity to have their e-Services registration account reinstated. Additional assistors will be in place Tuesday, March 21 through Friday, March 24. E-Services registration accounts were suspended for tax professionals who received Letter 5903  and failed to revalidate their identities within the required 30-day time period. The IRS urges tax professionals who need to revalidate their identity to do so now when extra staff is … Read More

NEED TO MAKE A PAYMENT?

NSTPInternal Revenue Service (IRS), Return Preparer Office (RPO)

NEED TO MAKE A PAYMENT

The IRS Return Preparer Office (RPO) is conducting a pilot program for tax professionals whose clients have a tax liability and are still using paper checks to send in payment. The RPO is sending out either an email or a postcard with the information needed to make an electronic payment. Publication 5034 has been developed to educate tax professionals on the various payment methods available through credit/debit card, Direct Pay or a participating retail partner.

MONITOR YOUR EFIN AND PTIN FOR SUSPICIOUS ACTIVITY

NSTP14157, e-Services, Electronic Filing Identification Number (EFIN), Internal Revenue Service (IRS), Preparer Tax Identification Number (PTIN)

Criminals are increasingly targeting tax professionals, not only to steal client data, but also to steal the professionals’ data such as EFINs, PTINs or e-Service passwords. Tax preparers can help protect clients and their businesses from identity theft by checking their accounts to ensure the number of returns filed using their EFIN matches IRS records. To access your EFIN information, log onto your e-Services account, select Application, then select e-File Application, click on your name and then select EFIN Status. e-Services accounts are updated weekly with this information, so the IRS urges you to review the number of returns filed … Read More

IRS TAX FORUM EARLY REGISTRATION ENDS FOR ALL CITIES MAY 31, 2017

NSTP2017 IRS Tax Forums

2017-IRS-Tax-Forum-Fee-Structure

Partner Association Members get $10 off the Early Bird Rate ONLY. National Society of Tax Professionals Members will get $10.00 off, just contact the NSTP office. New registration fee structure: Please note that there is a new fee structure for the 2017 Tax Forums. The Early Bird rate is available until May 31, 2017 for all Forums. The Standard rate is available until two weeks before each Forum. Less than two weeks before each Forum, the Late Registration rate will be charged. Registration on IRS Forum Page: Here 2017 IRS Forum Location Early Bird* Rate: $235 Standard Rate: $255 Late … Read More

IRS TAKES DOWN STUDENT FINANCIAL AID DATA RETRIEVAL TOOL

NSTPFederal Student Aid (FSA), U.S. Department of Education

The IRS alerted taxpayers that it has taken down its tool for retrieving tax return data used to complete the Free Application for Federal Student Aid (FAFSA), and the retrieval tool will not be operating for several weeks. The data retrieval tool, which resides on fafsa.gov and StudentLoans.gov, normally allows individual taxpayers who are applying for student financial aid to complete the parts of FAFSA requiring tax return information online by accessing data from a prior year’s return and populating the FAFSA with that information. The IRS announced that the outage also affects taxpayers’ ability to access those data when … Read More

HEALTH CARE REFORM – AFFORDABLE CARE ACT VS. AMERICAN HEALTH CARE ACT:

NSTPAct of Congress, Affordable Care Act (ACA), American Health Care Act

On March 10th laid out in a memorandum its plan to repeal and replace the Affordable Care Act. The approach calls for a 3-pronged effort that would: Repeal and replace Obamacare, eliminating its mandates and penalties, by enacting the “American Health Care Act”; Provide essential regulatory relief to stabilize health insurance markets and ensure a stable transition to a post-Obamacare world, as well as provide states with flexibility as to how they spend their Medicaid dollars and regulate their insurance markets; and Reform healthcare through additional legislation outside of the budget reconciliation process that would allow health insurance to be … Read More