New York enrolled agents gain registration exempt status. The New York State Society of Enrolled Agents celebrated a legislative victory this week as Governor David Paterson (D) signed A8556A which included the state registration exemption for enrolled agents.

On the eve of the August recess (or work period as some on the Hill prefer to call it) the Senate, on Thursday, passed the Education Jobs and Medicaid Assistance Act. House Speaker Nancy Pelosi had called the House back into session from its recess (the House cut out of town a week earlier - a full week before the Senate) and scheduled a vote on the Senate-passed bill on Tuesday, August 10.

The Internal Revenue Service today released proposed regulations that would establish a fee for individuals who apply for a preparer tax identification number (PTIN). Proposed regulations that were issued in March would require certain tax return preparers to obtain a PTIN.

The Office of Professional Responsibility (OPR) has prevailed in an agency appeal involving issues which include the due diligence responsibilities of a CPA under the Rules of Practice before the IRS (Circular 230).

In spite of the growth and popularity of limited liability companies, S corporations still remain popular as an option for conducting business. In fact, Internal Revenue Service records indicate that the S corporation is the most popular entity under which to conduct business.

According to a new Treasury Inspector General for Tax Administration (TIGTA) report, the Internal Revenue Service seems to have an effective process for ensuring that electronic filing provider applicants meet age requirements and have no tax compliance issues.

The Internal Revenue Service today announced that starting with next year's tax filing season it will no longer provide tax preparers and associated financial institutions with the "debt indicator," which is used to facilitate refund anticipation loans (RALs).

As part of a continuing effort to improve global tax administration efforts, Internal Revenue Service officials announced today the realignment of the Large and Mid-Size Business (LMSB) division to create a more centralized organization dedicated to improving international tax compliance.

2010 is a great year to die if you have an estate valued at more than one million dollars. That's because the Senate allowed the estate tax to lapse in 2010. A lapse scheduled as part of the Bush-era tax cuts. It saves heirs a 45% hit by Uncle Sam this year.

While an excise tax on tanning services was the first health care reform revenue raiser to hit the books, the Patient Protection and Affordable Care Act of 2010 also includes new Sec 6041 requirements with respect to reporting of payments made in the course of a payer's trade or business.