IRS e-News for Payroll Providers
Internal Revenue Service (IRS) sent this bulletin at 07/21/2011 11:07 AM EDTHaving trouble viewing this email? View it as a Web page.
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Useful Links:Payroll Professionals |
Issue Number: 2011-8Inside This Issue
1. Assessment of trust fund recovery penalty against third parties Interim guidance SBSE-05-0711-044 states the trust fund recovery penalty may be assessed against third-party payroll service providers, as well as the employer. While the employer is ultimately responsible for the payment of the entire tax, a TFRP, depending on the circumstances, can be assessed against any responsible party including the third-party payroll service provider. 2. 2011 standard mileage rates increase The optional standard mileage rates increased to 55.5 cents a mile for all business miles driven July 1 through Dec. 31. This is an increase of 4.5 cents from the 51 cent rate in effect for the first six months of 2011. IR 2011-69 has more information. 3. Pre-order the 2012 tax calendar now The English version of the 2012 IRS Tax Calendar for Small Business and Self Employed, Publication 1518, will ship in late-November. The Spanish calendar (Pub 1518SP) will ship late-December. Order online or call 1-800-829-3676. 4. Beware of emails claiming to be from IRS Bogus email scams are resurfacing, including one involving payments allegedly rejected by the Electronic Federal Tax Payment System. The email has a bogus link that may download malicious software. Information on what to do if you receive a suspicious IRS-related communication is available on IRS.gov. 5. ETAAC delivers report to Congress The Electronic Tax Administration Advisory Committee recently released its 2011 Annual Report to Congress. The report includes recommendations involving:
Send any comments on the report to ETAAC. Thank you for subscribing to e-News for Payroll Providers an IRS e-mail service. This message was distributed automatically from the mailing list e-News for Payroll Providers. 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. |
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