Issue Number: 2017-16
Inside This Issue
- Is that Really the IRS at Your Door?
- IRS Seeks Applications for Information Reporting Program Advisory Committee
- More ITIN Service Options Available to International Taxpayers
- April 26 Webinar: IRS Announces 4th in Series of Webinars on LB&I Compliance Campaigns
- YouTube: When Will I Get My Refund?
- Achieve Your Goal of Becoming an Enrolled Agent
- Technical Guidance
1. Is that Really the IRS at Your Door?
The Internal Revenue Service has tips on IRS.gov to help tax pros and taxpayers determine if a person visiting their home or place of business is legitimate or an imposter.
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2. IRS Seeks Applications for Information Reporting Program Advisory Committee
The Internal Revenue Service is requesting membership nominations for the Information Reporting Program Advisory Committee (IRPAC), a federal advisory committee that provides recommendations to the IRS on various tax administration issues.
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3. More ITIN Service Options Available to International Taxpayers
The IRS has expanded the options available to taxpayers residing abroad who need an ITIN to fulfill their U.S. filing requirement. In addition to the current options of mailing the completed Form W-7, Application for Individual Taxpayer Identification, and required identification documents to the IRS or visiting an IRS Taxpayer Assistance Center in the United States, taxpayers can now visit a U.S.-based Certified Acceptance Agent (CAA) or a CAA located abroad. More information on the ITIN program can be found on IRS.gov/ITIN.
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4. April 26 Webinar: IRS Announces 4th in Series of Webinars on LB&I Compliance Campaigns
The IRS Large Business and International (LB&I) Division will participate in the fourth in a series of webinars on April 26 to provide tax practitioners with additional information about how its new compliance campaigns will operate.
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5. YouTube: When Will I Get My Refund?
Find out when your clients can expect their refunds in this YouTube video.
Watch this and other videos on the IRS YouTube Channel .
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6. Achieve Your Goal of Becoming an Enrolled Agent
Thinking of becoming an enrolled agent? Earning the enrolled agent credential places you squarely among an elite group of tax professionals. The IRS has created new sample test questions and answers to help you prepare for the Special Enrollment Exam (SEE). These sample questions provide test candidates with an understanding of the type of questions they may encounter on the SEE.
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7. Technical Guidance
Revenue Ruling 2017-11 provides various prescribed rates for federal income tax purposes including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, the adjusted federal long-term tax-exempt rate. These rates are determined as prescribed by section 1274.
Revenue Procedure 2017-30 provides the list of Automatic Changes to which the automatic change procedures in Rev. Proc. 2015-13, 2015-5 I.R.B. 419, as clarified and modified by Rev. Proc. 2015-33, 2015-24 I.R.B. 1067, and as modified by Rev. Proc. 2016-1, 2016-1 I.R.B. 1, (or successor) apply.
Revenue Procedure 2017-33 provides guidance under the Protecting Americans for Tax Hikes Act of 2015 (PATH Act) regarding amendment to (i) expensing section 179 property, (ii) the additional first year depreciation deduction under section 168(k), and (iii) the qualified Indian reservation property depreciation provision under section 168(j).
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