Friday, April 30, 2021

IRS Extends QI/WP/WT Certification and Waiver Application Due Dates

IRS.gov Banner
Qualified Intermediaries News April 30, 2021

Useful Links:

IRS.gov

Tax Professionals Home

Forms & Publications

Stakeholders Partners'
Headliners

Key Messages

IMRS

Tax Hints

Tax Talk Today

Disaster Relief

Draft Tax Forms

Internal Revenue Bulletins

Taxpayer Advocate Service


Upcoming Events

Seminars, Workshops, Conferences, and Other Practitioner Activities By State:

Nationwide

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas


Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina


North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming


Back to top

Issue Number:  2021-02

Inside This Issue


  1. IRS Extends QI/WP/WT Certification and Waiver Application Due Dates

1.  IRS Extends QI/WP/WT Certification and Waiver Application Due Dates

If your periodic certification is due in 2021, the due dates are automatically extended.  The due date depends on the periodic review year you select:

  • 2018 and 2019  -  Certifications and applications to waive the periodic review requirement are due by December 1, 2021.               
  • 2020  -  Certifications are due by March 1, 2022.

You cannot change your periodic review year after you've selected and confirmed it on the QI system. 

Please refer to FAQ number 10 on the QI/WP/WT FAQs page under the section, Certifications and Periodic Reviews for more details.

Back to top


Thank you for subscribing to e-News for Small Business an IRS e-mail service.

This message was distributed automatically from the mailing list e-News for Small Business. Please Do Not Reply To This Message

To subscribe to or unsubscribe from another list, please go to the e-News Subscriptions page on the IRS Web site.


This email was sent to baltimoreonlinebusiness.thebest@blogger.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535 GovDelivery logo

IR-2021-99: IRS now accepting TCE and VITA grant applications

Bookmark and Share

IRS.gov Banner
IRS Newswire April 30, 2021

News Essentials

What's Hot

News Releases

IRS - The Basics

IRS Guidance

Media Contacts

Facts & Figures

Around The Nation

e-News Subscriptions


The Newsroom Topics

Multimedia Center

Noticias en Español

Radio PSAs

Tax Scams

The Tax Gap

Fact Sheets

IRS Tax Tips

Armed Forces

Latest News Home


IRS Resources

Compliance & Enforcement

Contact My Local Office

Filing Options

Forms & Instructions

Frequently Asked Questions

News

Taxpayer Advocate

Where to File

IRS Social Media


Issue Number:    IR-2021-99

Inside This Issue


IRS now accepting TCE and VITA grant applications

WASHINGTON — Eligible organizations can now submit applications for the Internal Revenue Service's Tax Counseling for the Elderly and Volunteer Income Tax Assistance grant programs, allowing some organizations to apply for up to three years of annual funding.

Organizations can apply on Grants.gov through June 4, 2021, and can find application packages and guidelines on IRS.gov. In 2021, the IRS awarded 31 TCE grantees $11 million and 297 VITA grantees $25 million. The two programs prepare millions of tax returns each year.

The IRS established the TCE program in 1978 to provide tax counseling and return preparation to persons age 60 or older and to give training and technical assistance to the volunteers who provide free federal income tax assistance within elderly communities across the nation. For more information visit the TCE webpage on IRS.gov.

The IRS created the VITA program in 1969. In 2007, the IRS established the VITA Grant program to supplement VITA partners' efforts. VITA provides free tax filing assistance to underserved communities. The grant program enables VITA to extend services to underserved populations in the hardest-to-reach urban and non-urban areas, to increase the capacity of targeted taxpayers to file returns electronically, to enhance training of volunteers and to improve the accuracy rate of returns prepared at VITA sites. For more information visit the VITA webpage on IRS.gov.

More Information:

Back to Top


FaceBook Logo  YouTube Logo  Instagram Logo  Twitter Logo  LinkedIn Logo


Thank you for subscribing to the IRS Newswire, an IRS e-mail service.

If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe.

This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.

 


This email was sent to baltimoreonlinebusiness.thebest@blogger.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535 GovDelivery logo

Consejo en video del IRS: Consejos para evitar errores en la declaración de impuestos

Having trouble viewing this email? View it as a Web page.                                                                                                                                                  Bookmark and Share

IRS.gov Banner
Consejos Tributarios del IRS 30 de abril de 2021

Esenciales de Noticias

Noticias en Español

Consejos Tributarios del Cuidado de Salud

Oficina de Prensa

Fraudes Tributarios

Alrededor de la Nación


Temas de Interés

IRS.gov/Español  

Consejos Tributarios

Centro Multimediático

Hojas de Datos


Recursos del IRS

Medios Sociales y el IRS

Contacto de Mi Oficina Local

Formularios e Instrucciones

Defensor del Contribuyente

Los Derechos del Contribuyente

 


Edición Número: Consejos para evitar errores en la declaración de impuestos

En Esta Edición



Aquí un consejo en video del IRS: 

Back to top

FaceBook Logo  YouTube Logo  Instagram Logo  Twitter Logo  LinkedIn Logo


Gracias por suscribirse a Consejos Tributarios en Español del IRS, un servicio de correo electrónico del IRS. Para obtener más información sobre los impuestos federales, por favor visite la página de internet IRS.gov.

Este mensaje fue distribuido automáticamente de la lista de correos electrónicos de Consejos Tributarios en Español del IRS. Por favor no responda a este mensaje.

 


This email was sent to baltimoreonlinebusiness.thebest@blogger.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535 GovDelivery logo

IR-2021-98: Draft Schedules K-2 and K-3 released to enhance reporting of international tax matters by pass-through entities

Bookmark and Share

IRS.gov Banner
IRS Newswire April 30, 2021

News Essentials

What's Hot

News Releases

IRS - The Basics

IRS Guidance

Media Contacts

Facts & Figures

Around The Nation

e-News Subscriptions


The Newsroom Topics

Multimedia Center

Noticias en Español

Radio PSAs

Tax Scams

The Tax Gap

Fact Sheets

IRS Tax Tips

Armed Forces

Latest News Home


IRS Resources

Compliance & Enforcement

Contact My Local Office

Filing Options

Forms & Instructions

Frequently Asked Questions

News

Taxpayer Advocate

Where to File

IRS Social Media


Issue Number:    IR-2021-98

Inside This Issue


Draft Schedules K-2 and K-3 released to enhance reporting of international tax matters by pass-through entities

WASHINGTON — The Treasury and the IRS released today updated early drafts of new Schedules K-2 and K-3 for Forms 1065, 1120-S, and 8865 for tax year 2021 (filing season 2022). The schedules are designed to provide greater clarity for partners and shareholders on how to compute their U.S. income tax liability with respect to items of international tax relevance, including claiming deductions and credits.

The early release drafts of the schedules are intended to give a preview of the changes before final versions are released.  The release of an early draft of the instructions for the schedules is planned for this summer.

The redesigned forms and instructions will also give useful guidance to partnerships, S corporations and U.S persons who are required to file Form 8865 with respect to controlled foreign partnerships on how to provide international tax information.  The updated forms will apply to any persons required to file Form 1065, 1120-S or 8865, but only if the entity for which the form is being filed has items of international tax relevance (generally foreign activities or foreign partners).

The changes do not affect partnerships and S corporations with no items of international tax relevance.

The Treasury Department and the IRS released prior drafts of Schedules K-2 and K-3 for the Form 1065 in July 2020 and engaged with stakeholders to solicit input on the changes.  Helpful comments were received, and changes have been made to the schedules and instructions as appropriate.

To promote compliance with adoption of Schedules K-2 and K-3 by affected pass-through entities and their partners and shareholders, the Treasury Department and the IRS intend to provide certain penalty relief for the 2021 tax year in future guidance.

Back to Top


FaceBook Logo  YouTube Logo  Instagram Logo  Twitter Logo  LinkedIn Logo


Thank you for subscribing to the IRS Newswire, an IRS e-mail service.

If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe.

This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.


This email was sent to baltimoreonlinebusiness.thebest@blogger.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535 GovDelivery logo

IRS video tax tip: Tax Return Errors-Tips to Avoid Them

Bookmark and Share

IRS.gov Banner
IRS Tax Tips April 30, 2021

Useful Links:

IRS.gov

Help For Hurricane Victims


News Essentials

What's Hot

News Releases

IRS - The Basics

IRS Guidance

Media Contacts

Facts & Figures

Around The Nation

e-News Subscriptions


The Newsroom Topics

Multimedia Center

Noticias en Español

Radio PSAs

Tax Scams/Consumer Alerts

The Tax Gap

Fact Sheets

IRS Tax Tips

Armed Forces

Latest News


IRS Resources

Compliance & Enforcement News

Contact Your Local IRS Office

Filing Your Taxes

Forms & Instructions

Frequently Asked Questions

Taxpayer Advocate Service

Where to File

IRS Social Media

 


Issue Number:    Tax Return Errors-Tips to Avoid Them

Inside This Issue


Here is a video tax tip from the IRS: 

Tax Return Errors-Tips to Avoid Them English | Spanish | ASL

Subscribe today: The IRS YouTube channels provide short, informative videos on various tax related topics in English, Spanish and ASL.

Back to Top

FaceBook Logo  YouTube Logo  Instagram Logo  Twitter Logo  LinkedIn Logo


Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov.

This message was distributed automatically from the IRS Tax Tips mailing list. Please Do Not Reply To This Message.

 


This email was sent to baltimoreonlinebusiness.thebest@blogger.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535 GovDelivery logo