Category Archives: IRS

Don’t Call Us

Posted on March 2, 2015 by Russ

Today I attempted to call the IRS Practitioner Priority Service (PPS). I had an outstanding issue I needed to resolve. I didn’t get through. I’m used to being on hold for two hours when calling the IRS. Unfortunately, the IRS … Continue reading →

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Oops Gets Bigger

Posted on February 20, 2015 by Russ

Or, first California, now the United States. Last week I reported on Cover California’s error impacting an estimated 100,000 individuals who received incorrect Form 1095-A’s. It turns out that was just the tip of the iceberg. As reported by AP: … Continue reading →

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Oops

Posted on February 16, 2015 by Russ

This past weekend I saw my first Form 1095-A. That’s the form that individuals covered by health insurance through a plan form an exchange will receive. In California, 800,000 of these were mailed. Unfortunately, 100,000 of these were wrong. Oops. … Continue reading →

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IRS Announces Small Business Relief for Form 3115 (Property Regulation Issue)

Posted on February 13, 2015 by Russ

The IRS apparently figured out that under a literal reading of the new property/capitalization/depreciation regulations, every business would have to submit a Form 3115. The IRS determined that being buried under a tsunami of paper wasn’t a great idea. Today, … Continue reading →

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IRS Launches Directory of Tax Professionals

Posted on February 5, 2015 by Russ

This morning I received an email noting that the IRS has released an online directory of tax professionals. The system lists EAs, CPAs, attorneys, and participants in the IRS’s Annual Filing Season Program. The first time I tried to use … Continue reading →

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The Form 3115 Conundrum

Posted on January 26, 2015 by Russ

[Accounting Today readers: Here’s a link to Fail, Caesar.] Form 3115 is the form used to request an accounting method change. For example, if your business is changing from cash to accrual, this form is filed. Many such changes are … Continue reading →

Posted in IRS, Taxable Talk | Tagged | 3 Comments

Waiting for Godot

Posted on January 14, 2015 by Russ

Yesterday, I called the IRS on behalf of a client. The client’s 2013 tax return was not processed correctly, so we had to file an amended return. The client received a CP503 notice demanding payment; however, we believe that she … Continue reading →

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Business EFiling Reopens on Friday

Posted on January 7, 2015 by Russ

The IRS will reopen business electronic filing this Friday, January 9th. This is just for prior-year business returns (2012 and 2013). Current year (2014) business return electronic filing opens on Tuesday, January 20th — the same day that the IRS … Continue reading →

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1099 Time (2015 Version)

Posted on January 3, 2015 by Russ

As we start 2015, we’re running some repeats of important issues. It’s time for businesses to send out their annual information returns. These are the Form 1099s that are sent to to vendors when required. Let’s look first at who … Continue reading →

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It’s Time to Start Your 2015 Mileage Log

Posted on January 3, 2015 by Russ

I’m going to start the new year with a few reposts of essential information. Yes, you do need to keep a mileage log: Monday is the first business day of the new year for many. You may have resolved to … Continue reading →

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