May 19, 2012

5 IRS updates

1.  IRS changes EIN limit to one per day

Effective May 21, the IRS will begin issuing only one employer identification number per responsible party each day, a change from the current limit of five per day. This limit applies to all requests for an EIN whether online or by phone, fax or mail. This policy was implemented to ensure fair and equitable access to all applicants with legitimate tax administration-related needs. It also ensures the EIN system continues to operate effectively. We apologize if this change affects your current business practice.
For additional information about applying for an employer identification number, go to IRS.gov or click on the links below.
2.  Treasury and IRS to Hold Consultation Call with Tribal Leaders
The Treasury Department and the Internal Revenue Service will jointly conduct anotherconsultation and listening session regarding the application of the General Welfare Exclusion to Benefits Provided under Indian Tribal Government Programs.
3.  June 12 Phone Forum: Operating Under 403(b) Written Plan Requirements
Sign up now for the June 12 Phone Forum. The IRS Employee Plans 403(b) Compliance Planning Group will address frequent questions pertaining to the 403(b) written plan requirements and how the IRS is approaching the written plan requirement under audit. The forum will also address common operational issues identified in 403(b) plans.
If you have a specific matter that you would like the speakers to address, please let us know via e-mail at ep.phoneforum@irs.gov on or before June 1.
4.  Help  Reduce Taxpayer Burden
Use Form 13285A to submit your ideas for reducing taxpayer burden.
5.  YouTube: Deducting Medical and Dental Expenses
Find out how you can deduct medical and dental expenses in this new YouTube video.
Watch this and other videos on the IRS YouTube Channel.

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