Paul L. Caron
Dean
Pepperdine Caruso
School of Law
IRS News
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Senate Postpones Today’s Hearing on Solomon’s Nomination to be Assistant Treasury Secretary for Tax Policy
The Senate Finance Committee has postponed today’s scheduled hearing on the nomination of Eric Solomon to be Assistant Secretary of the Treasury for Tax Policy. The hearing will be held at a later date.
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Rain Forces Closure of IRS Headquarters
Torrential rains in the Washington. D.C. area over the weekend caused flooding in the basement of the IRS headquarters at 1111 Constitution Avenue and forced the closure of the building today. See press reports here. See Creedence Clearwater Revival’s Who’ll Stop the Rain: Long as I remember the rain been comin down.Clouds of mystry pourin
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IRS v. Youth Soccer
Interesting New York Times article today about how the IRS has assessed over $330,000 in taxes, interest, and penalties against a Connecticut volunteer youth soccer association for failing to withhold taxes from payments to its coaches and referees because they treated them as independent contractors rather than as employees: [M]any of the referees in the
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IRS Makes Three New Appointments
The IRS yesterday announced three new appointments: Frank Y. Ng, Deputy Commissioner, Large and Mid-Size Business (International) (IR-2006-099). Ng formerly was Acting Director, International. Christopher Wagner, Deputy Commissioner of the Tax Exempt and Government Entities (TE/GE) Division (IR-2006-100). Wagner formerly was the Deputy National Taxpayer Advocate. John Imhoff as the Deputy Chief, Criminal Investigation (CI)
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Tax Relief for Hurricane Victims
The IRS yesterday announced (IR-2006-096 & IR-2006-097) the release of three documents providing additional tax relief to victims of Hurricanes Katrina, Rita, and Wilma: Notice 2006-56, 2006-28 I.R.B. ___ (July 10, 2006), provides a further extension of time (until October 16, 2006) for taxpayers to claim a casualty loss deduction. Notice 2006-59, 2006-28 I.R.B. ___
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IRS Issues Rules on Revoking § 83(b) Elections
The IRS has issued Rev. Proc. 2006-31, I.R.B. 2006-27 (July 3, 2006), provides guidance on revoking a § 83(b) election. The revenue procedure sets forth the requirements that must be satisfied, and the information that must be provided, before obtaining permission to revoke the § 83(b) election. It also provides four examples illustrating the operation
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IRS Extends Time for Taxpayers Who Renounce U.S. Citizenship to File Form 8898
The IRS has issued Notice 2006-57, which postpones until October 16, 2006, the due date for filing Form 8898, Statement for Individuals Who Begin or End Bona Fide Residence in a U.S. Possession, for tax years 2001 through 2005: On April 18, 2006, the IRS released Form 8898, Statement for Individuals Who Begin or End
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IRS to Survey 50,000 People to Help Improve Taxpayer Service
The IRS has announced (IR-2006-95) that it plans to survey 50,000 people to try to improve taxpayer service: The IRS will survey nearly 50,000 people this month to help the agency improve the way it provides taxpayer services. An Opinion Survey of Taxpayer Resources and Services will be sent to 40,000 taxpayers as part of
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IRS Issues Fact Sheet on Worker Classification as Independent Contractors or Employees
The IRS has released a fact sheet (FS-2006-21) on the clasification of workers as either independent contractors or employees. For additional IRS resources on the issue, see: Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding IRS Headliner 152, IRS Offers Tips on How to Correct Misclassification of
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2006 IRS Research Conference Program Today at Georgetown
The two-day 2006 IRS Research Conference Program concludes today at Georgetown. Here are today’s panels, paper presenters, and discussants: Session 4: The Role of Third Parties in Tax Administration and Compliance Moderator: Curt Hopkins, IRS, Small Business/Self-Employed Division Papers: Avoidance Policies – A New Conceptual Framework, David Ulph, HM Revenue and Customs Instance-based Classifiers for
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IRS Unveils Tax Stats Wizard
The IRS has unveiled a Prototype Tax Stats Table Wizard. From yesterday’s announcement: For the next 4 months, Statistics of Income will be testing the prototype SOI Table Wizard. This tool will allow users to create their own custom tables from SOI tabulated data. This prototype uses data from the 1999 and 2000 Corporate Source
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IRS Releases Business Income and the Tax Gap
The IRS has released Business Income and the Tax Gap (FS-2006-20): The IRS recently completed a National Research Program (NRP) reporting compliance study of individual taxpayers for tax year 2001. The study involved random selection of about 46,000 returns for review. The examinations generally concluded in the fall of 2004…. In an effort to assist
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Treasury Inspector General for Tax Administration Releases Three Reports
The Treasury Inspector General for Tax Administration has released three reports: Fiscal Year 2006 Statutory Audit of Compliance With Legal Guidelines Restricting the Use of Records of Tax Enforcement Results (2006-40-095) The Informants’ Rewards Program Needs More Centralized Management Oversight (2006-30-092) The Exempt Organizations Function Effectively Processed Requests for Tax-Exempt Status From Charitable Organizations Supporting
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IRS Solicits Recommendations on Reducing Taxpayer Burden
The IRS’s Office of Taxpayer Burden Reduction (Slogan: "Lightening the Load for America’s Taxpayers") is soliciting recommendations on ways to reduce taxpayer burden. Taxpayer burden is defined as the time and money taxpayers spend to comply with their federal tax obligations. An example of taxpayer burden could be the average time and expense required to
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Service Denies § 501(c)(3) Status to Service-Provider to Disabled via Special Needs Trusts
In Priv. Ltr. Rul. 200621025 (3/2/06, released 5/26/06), the Service denied § 501(c)(3) status to an organization providing consulting and managerial services to disabled persons who are beneficiaries of special needs trusts and to the families of these individuals. The Service ruled that the organization will provide benefits to specific persons (the beneficiaries and their
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Service Denies § 501(c)(3) Status to Service-Provider to Disabled via Special Needs Trusts
In Priv. Ltr. Rul. 200621025 (3/2/06, released 5/26/06), the Service denied § 501(c)(3) status to an organization providing consulting and managerial services to disabled persons who are beneficiaries of special needs trusts and to the families of these individuals. The Service ruled that the organization will provide benefits to specific persons (the beneficiaries and their
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IRS Warns Charities About Political Activities
The IRS yesterday released IRS Reminds Charities to Avoid Campaign Activities This Election Season (IR-2006-87): The IRS has put procedures into place for the 2006 election season to more quickly address instances of potential prohibited activity on the part of charities, churches and other tax-exempt organizations. The procedures are meant to ensure that public referrals
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IRS Warns Charities About Political Activities
The IRS yesterday released IRS Reminds Charities to Avoid Campaign Activities This Election Season (IR-2006-87): The IRS has put procedures into place for the 2006 election season to more quickly address instances of potential prohibited activity on the part of charities, churches and other tax-exempt organizations. The procedures are meant to ensure that public referrals
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IRS to Expand Tax Refund Options
The IRS announced (IR-2006-85) yesterday that it will create a new Form 8888 to give taxpayers greater control over their tax refunds: Form 8888 will give taxpayers a choice of selecting one, two or three accounts such as checking, savings and retirement account. Taxpayers who want all their refund deposited directly into one account can
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IRS to Expand Tax Refund Options
The IRS announced (IR-2006-85) yesterday that it will create a new Form 8888 to give taxpayers greater control over their tax refunds: Form 8888 will give taxpayers a choice of selecting one, two or three accounts such as checking, savings and retirement account. Taxpayers who want all their refund deposited directly into one account can
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GE Electronically Files the Mother of All Tax Returns — 24,000 Pages!
The IRS announced today (IR-2006-84) that General Electric (GE), which has the dubious honor of having "the nation’s largest tax return," filed it electronically this year on May 18: On paper, GE’s e-filed return would have been approximately 24,000 pages long. After filing, GE received IRS’ acknowledgement of its filing in about an hour. The
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GE Electronically Files the Mother of All Tax Returns — 24,000 Pages!
The IRS announced today (IR-2006-84) that General Electric (GE), which has the dubious honor of having "the nation’s largest tax return," filed it electronically this year on May 18: On paper, GE’s e-filed return would have been approximately 24,000 pages long. After filing, GE received IRS’ acknowledgement of its filing in about an hour. The
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IRS Eases Reporting Burden on Corporations and Shareholders
The IRS today announced (IR-2006-83) new regulatory revisions that will reduce the reporting burden on corporations and shareholders while also making it easier for them to file their tax returns electronically: The announcement is part of an on-going effort by the IRS to remove impediments to e-file from its regulations. In addition, the agency took
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IRS Eases Reporting Burden on Corporations and Shareholders
The IRS today announced (IR-2006-83) new regulatory revisions that will reduce the reporting burden on corporations and shareholders while also making it easier for them to file their tax returns electronically: The announcement is part of an on-going effort by the IRS to remove impediments to e-file from its regulations. In addition, the agency took
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IRS Launches Inquiry Into Tax-Exempt Hospitals
The IRS has launched an initiative to determine whether tax-exempt hospitals are adhering to the community benefit standard set forth in Rev. Rul. 69-545 by sending Form 13790, Compliance Check Questionnaire, to 600 hospitals across the country. The initiative follows the Senate Finance Committe hearings last year on tax-exempt hospitals. (Hat Tip: McDermott, Will &