Tax News

paychex news

Rochester, N.Y. (August 8, 2017) – Paychex, Inc., one of the nation’s leading providers of integrated human capital management solutions for payroll and HR services, today announced a partnership with the Latino Tax Professionals Association (LTPA). As part of the affinity agreement, the LTPA has designated Paychex the preferred provider of payroll and HR services for the organization and its members. The partnership furthers Paychex’s ongoing commitment to supporting the Hispanic accounting community with Spanish-language tools and resources. 

“For years, we’ve developed materials to help Spanish-speaking entrepreneurs find success. This partnership with LTPA will make our services and educational tools even more accessible to tax professionals serving Hispanic-owned businesses” said Mark James, director of product marketing at Paychex. “Through access to the Accountant Knowledge Center, informative webinars, expert lecturers at LTPA regional seminars, and more, this partnership serves to benefit LTPA members and, in turn, their clients.”  

IRS News Release

WASHINGTON – El Servicio de Impuesto Internos, IRS, ya comenzó a recibir solicitudes de renovación para aquellos Números de Identificación Personal del Contribuyente, ITINs por sus siglas en inglés, programados para expirar a fines de este año. La agencia urge a los contribuyentes afectados por los cambios al programa de ITIN a presentar su solicitud de renovación lo antes posible y evitar retrasos. 

IRS News Release

WASHINGTON — The Internal Revenue Service is now accepting renewal applications for the Individual Taxpayer Identification Numbers (ITINs) set to expire at the end of 2017. The agency urges taxpayers affected by changes to the ITIN program to submit their renewal applications as soon as possible to avoid the rush.

La propuesta del presidente Donald Trump FY 2018 Budget para el gobierno federal fue presentada el martes 23 de mayo de 2017. Uno de los cambios propuestos más significativo para muchos de nuestros miembros incluye la propuesta para autorizar al IRS para que supervise a todos los preparadores de impuestos. 

La propuesta del presupuesto pide que se le otorgue al IRS “autoridad estatutaria para incrementar la supervisión de los preparadores de impuestos por paga". La propuesta entraría en vigor en el momento de ser promulgada. El presupuesto dice que esto incrementará la “necesidad de la aplicación de las leyes después-de-los-hechos e incrementar el monto del redito que el IRS recauda”. Se calcula que la propuesta incrementará los réditos por $259 millones entre los años 2018-2027. Anteriormente, el IRS intentó regular a los preparadores de impuestos no registrados y su intento fue anulado por una corte federal en el 2013. 

President Donald Trump’s proposed FY 2018 budget for the federal government was released on Tuesday May 23, 2017.  One of the most important proposed changes to many of our members includes a proposal to authorize the IRS to regulate all paid tax return preparers.

The budget proposal calls for giving the IRS “statutory authority to increase its oversight of paid tax return preparers.” The proposal would be effective upon enactment. The budget says this will decrease the “need for after-the-fact enforcement of tax laws and increase the amount of revenue that the IRS can collect.” Estimates are the proposal will increase revenue by $259 million in the years 2018–2027. An attempt by the IRS to regulate unenrolled tax return preparers was struck down by a federal court in 2013.

IRS News Release

 

WASHINGTON – The Internal Revenue Service, state tax agencies and the tax industry today warned tax professionals to beware of phishing email scams claiming to be from IRS e-Services and of schemes in general as the April 18 deadline nears.

Acting as the Security Summit, the IRS, state tax agencies and the tax industry warned that this time of year is the high season for identity thieves scams to steal sensitive data from tax professionals. All tax preparers and their employees must be on guard against phishing activities.