SSA Announces Dates to Remember
December 12, 2016: BSO is available for accepting Tax Year 2016, prior year files, and W-2 Online inputs.
January 1, 2017: Update payroll systems to reflect the 2017 wage base rates.
January 31, 2017: Deadline for filing paper and electronic W-2s. Deadline for providing W-2s to employees.
Due to overwhelming response, we’ve added a second date for this popular event…
Date: Wednesday, December 14, 2016
Time: 11:00 a.m. (Pacific)
Length: 120 minutes (including Q & A)
This web conference will provide an overview of the following:
CPE: Earn up to TWO CE credits*** – Category: Federal Tax Update
***NOTE: You can earn up to 2 CE credits TOTAL of Federal Tax Update between BOTH web conferences broadcast on Wednesday, December 14th and Thursday, December 15th.
PTIN holders: In order to get your CE reported to the IRS, ensure that your first name, last name, and PTIN match your account. Your PTIN must begin with the letter P followed by 8 numeric characters. If your name and PTIN are incorrectly entered, you may still receive a certificate, but your credit will not be reported to the IRS.
Information & Registration:
Register and Attend: https://www.webcaster4.com/Webcast/Page/1148/18852
IRS Pondering Update To Circular 230
On November 16, 2016, the Internal Revenue Service Advisory Council (IRSAC) issued its 2016 Public Report. In that report, the IRSAC made two recommendations related to the Office of Professional Responsibility(OPR). The IRSAC recommended that the Commissioner request Congress to enact legislation expressly affirming the Treasury Department’s authority under 31 USC 330 to establish and enforce professional standards for both paid tax return preparers and tax ‘practice’ broadly defined.
The IRSAC has made similar recommendations in its two previous reports. The IRSAC also made a series of recommendations for revisions to Treasury Circular 230, to delete obsolete references, provide authority to address some topics currently contained in Circular 230 through revenue procedures or other administrative guidance, add references to appraisers, and delete outdated language. OPR Director Stephen Whitlock thanked the IRSAC for its thorough analysis of these issues, and committed to work with IRS, Treasury and tax professional groups to determine whether additional topics should be addressed in a revision of Circular 230.