e-News for Tax Professionals Issue 2012-32

Useful Links:

IRS.gov

Tax Professionals Home

Forms & Publications

Stakeholders Partners'
Headliners

Training and
Communication Tools

IMRS

e-Services

Disaster Relief

Draft Tax Forms

Internal Revenue Bulletins

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:  2012-32

Inside This Issue

1. How to Become an IRS e-file Provider
2. YouTube: Required IRA Withdrawals
3. Correctly Reporting Rental Real Estate

Effective Oct. 1, 2012, applications to become an IRS e-file provider must be submitted online. The IRS will no longer accept paper e-file applications. 

You can become an e-file provider in 3 easy steps:

1. Create an IRS e-Services account.
2. Submit your e-file provider application online.
3. Pass a suitability check.

The online application process takes 4-6 weeks to complete – don’t delay, become an e-file provider today!
 
Help is available at IRS.gov or through the e-Help Desk at 1-866-255-0654 (512-416-7750 for international calls), Monday through Friday, 6:30 a.m. - 6:00 p.m. (CST). Frequently Asked Questions and online Tutorials are available to answer questions or to guide users through the application process.

Back to top

Find out when and how your clients are required to take a minimum distribution from an IRA in this YouTube video.

Watch this and other videos on the IRS YouTube Channel.

Back to top

Make sure your clients correctly report rental real estate activity. Individuals who are not real estate professionals are generally subject to passive activity loss limitations even if they materially participate in the rental. Real estate professionals report rental real estate activities in which they materially participated as non-passive. But, real estate professionals who do not materially participate in the rental activity are generally subject to passive activity loss limitations. Publication 925, Passive Activity and At-Risk Rules, includes information on who qualifies as a real estate professional and passive activity limits. For more, see the Passive Activity Loss Audit Technique Guide.

Back to top