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January 10, 2011 Tax E-Alert: IRS Releases Notice Addressing Non-Signing Preparers in CPA Firms - Emil Estafanous, CPA : Emil Estafanous, CPA

January 10, 2011 Tax E-Alert: IRS Releases Notice Addressing Non-Signing Preparers in CPA Firms

AICPA Urges IRS to Adjust New E-File Requirements

Some critical issues sojourn unused per doing of a new law that mandates e-filing by preparers who record 100 or some-more earnings in 2011 or over 10 earnings in 2012.  In a Jan 3 criticism minute to a IRS, AICPA Tax Executive Committee Chair Patricia Thompson supposing recommendations that would make a imperative e-file charge reduction fatiguing and some-more efficient. 

Specific recommendations included: (1) The threshold series of earnings that would trigger a e-file requirement for 2011 should be increasing from 100 to 200; (2) The specific drift for a hardship waiver from a e-file requirement should be stretched to embody such factors as practicing in a Presidentially announced disaster area and a genocide or critical illness of a poignant member of a firm; (3) Leniency should be postulated to preparers who find it required to ask a hardship waiver in 2011; (4) The charge for a client’s opt out of a e-file charge should be revised to concede a preparer to contention a client’s paper lapse to a IRS and to concede a opt out for a corner lapse formed on a created ask sealed by usually one of a dual spouses; and (5) The duration for perfecting an e-filed lapse that a IRS complement could not accept should be increasing from 5 to 10 days. 

Unanswered questions sojourn per a doing of a mandated e-file program, such as, either penalties would be imposed on a preparer who requested an e-file hardship waiver, afterwards filed paper earnings adult until a waiver ask was denied.   Possible technical glitches could also mystify correspondence – many CPAs have had their e-filed earnings deserted in prior filing seasons. It is issues such as there, Thompson said, that  “demonstrate because IRS should uncover estimable coherence in doing of a preparer e-file mandate” in a 2011 season.

About Emil Estafanous, CPA
Certified Public Accountant (CPA) Tax Professional committed in representing taxpayers and resolving their tax problems.

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