TAX PREPARERS SHOT AT AND ASSAULTED OVER TAX RETURNS

NSTPUncategorized

Several incidents over the past couple of months have been directed at tax professionals from unhappy clients. In Chicago Heights, Illinois a Liberty Tax preparer pulled a gun on a customer’s boyfriend who police said threatened to beat him up during a dispute over fees. The boyfriend, 34, has reportedly been charged with assault after confronting the preparer over $500 in additional fees that his girlfriend was charged for her return. The preparer did possess a valid gun license. A 53-year-old man is accused of choking an H & R block employee in Kirkwood, Missouri. The client was enraged about his “tax situation.” Police told news outlets that the assailant knocked the Block employee to the ground and is now charged with misdemeanor assault. The Block worker reported minor injuries but did not require hospital treatment. Another incident involved gunfire and beatings in the Detroit office of Tax City Tax Service. A 19-year-old local man became enraged after the woman he was in the office with couldn’t get her refund in cash. Four people were shot in the scuffle.

DEADLINE FOR HEALTH INSURANCE ENROLLMENT IS MARCH 31ST

NSTPInsurance

Health and Human Services (HHS) Secretary Kathleen Sebelius told the House Ways and Means Committee on March 12 that the Obama administration has no plans to delay the Patient Protection and Affordable Care Act’s individual mandate or its tax penalty for those who fail to enroll in coverage by the end of March. As of February 25, 2014, the Marketplaces had enrolled four-million individuals. “New premium tax credits and rules ensuring fair premium rates are making private coverage more affordable for consumers,” Sebelius told lawmakers. Sebelius also announced that those individuals who have faced a delayed enrollment period in the health exchanges through no fault of their own would still be eligible for the premium tax credit. Check out Healthcare.gov for more information on enrollment.

ISAAC MCRAE IN THE SPOTLIGHT

NSTPMr. Isaac R. McRae, III, MST, EA, Fellow, NSTP Instructors

  In a recent CNN interview, NSTP member Isaac McRae, EA addressed the issue of newlyweds and their tax filing status.  “Marriage is defined by your filing status at the end of the year,” said licensed tax practitioner Isaac McRae. “You have the option of married filing jointly, or married filing separately, which is much different from filing as a single individual, or head of household individual.” Click here for the complete interview.

IRS LOSES LOVING APPEAL

NSTPInternal Revenue Service (IRS)

As expected the IRS did not prevail in its appeal of the Loving Et Al v Internal Revenue Service court case. The United States Court of Appeals for the District of Columbia handed down its ruling on February 11, 2014. The court found that the IRS did not have the authority to require testing or continuing education. The court considered the six factors offered by the IRS and found fault with all six. The court’s conclusion, “In our judgment, the traditional tools of statutory interpretation – including the statute’s text, history, structure, and context – foreclose and render unreasonable the IRS’s interpretation of Section 330,” pretty much wrapped up their sentiments on the entire case presented by the IRS. Attached is a .pdf copy of the Court’s Decision