Extinguishment of FIRE is Official The IRS in August set the official end date (and time!) for FIRE — 3 pm Eastern Time on November 19. The IRS has an online public meeting planned to discuss the transition, with one announced for October 28 from 1-2 p.m. Eastern time (click here for the link). Note…
Listen to or watch the podcast on this subject: https://podcasts.dinesenmedia.com/show/information-return-intelligence/ CP2100 Season is Here! It’s that time of year when CP2100 letters will begin arriving. This article will cover what a recipient of such a letter should do. What is It? To understand CP2100 letters, we need to start at the start. Your organization files…
Question: We understand the IRS instructions for B-Notice mailings say: Your outside mailing envelope must be clearly marked “IMPORTANT TAX INFORMATION ENCLOSED” or “IMPORTANT TAX RETURN DOCUMENT ENCLOSED”. We also know this statement is required for some information reporting forms, and the second statement is used on our mailing envelopes. But – does this statement…
Listen to or watch the associated podcast: https://podcasts.dinesenmedia.com/show/information-return-intelligence-1/new-online-ein-verification-and-second-b-notices-can-you-use-it/ The IRS has announced an enhancement to online Business Tax Accounts that allows businesses with such an account to download an EIN verification letter. The IRS says this letter can be used in place of Letter 147C. But can it be used in a B-Notice setting? I…
