IRS.gov Banner

e-News for Tax Professionals

May 17, 2019

Useful Links:

IRS.gov

Tax Professionals Home

All Forms and Instructions

Stakeholders Partners'
Headliners

Training and
Communication Tools

e-Services

Taxpayer Advocate Service

Disaster Relief

Internal Revenue Bulletins

IRS Social Media


Upcoming Events

Seminars, Workshops, Conferences, and Other Practitioner Activities By State:

Nationwide Webinars

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


Issue Number:  2019-16

Inside This Issue

1.     IRS Commissioner Rettig to Keynote Chicago Nationwide Tax Forum

2.     E-File, e-Services Unavailable Over Holiday Weekend

3.     Pending Publication on User Fees for Enrolled Agents

4.     IRS Accepting Applications for 2020 Grants for Low Income Taxpayer Clinics

5.     Rule Changes for Taxable Year of Inclusion

6.     Amended Tax Relief for Iowa Disaster Victims

7.     Technical Guidance


1.  IRS Commissioner Rettig to Keynote Chicago Nationwide Tax Forum


IRS Commissioner Chuck Rettig will deliver the keynote address at the IRS Nationwide Tax Forum in Chicago, scheduled for July 23-25. Attendees can expect the Commissioner to provide updates on major IRS programs.

In addition to hearing directly from the Commissioner, attendees can earn up to 19 continuing education credits, resolve tough tax cases, sample vendor wares and network with colleagues. Register now to attend this event.


2.  E-File, e-Services Unavailable Over Holiday Weekend


The IRS will conduct maintenance on the e-Services and e-File systems over the upcoming Memorial Day weekend. The e-Services’ Transcript Delivery System, TIN Matching, ACA and e-file Application will not be available during this time. The Modernized e-File Systems (MeF) will also be unavailable. Please refrain from accessing the MeF Systems to transmit business, individual or state tax returns, retrieve acknowledgements or submit any other service requests. Monitor the MeF Status Page for updates. Systems will be unavailable from midnight ET on Friday, May 24, through 7 a.m. ET on Tuesday, May 28.


3.  Pending Publication on User Fees for Enrolled Agents


The IRS is amending regulations that impose user fees for enrolled agents and enrolled retirement plan agents. Final regulations submitted to the Federal Register remove the initial enrollment user fee for enrolled retirement plan agents because the IRS no longer offers initial enrollment as an enrolled retirement plan agent. The final regulations also increase the amount of the renewal user fee for enrolled retirement plan agents from $30 to $67. Additionally, the final regulations increase the amount of both the enrollment and renewal user fee for enrolled agents from $30 to $67.


4.  IRS Accepting Applications for 2020 Grants for Low Income Taxpayer Clinics


The IRS is accepting applications for Low Income Taxpayer Clinic (LITC) grants for calendar year 2020 until June 17. To apply, download the 2020 Publication 3319, LITC Grant Application Package and Guidelines and view the document, Information for Potential LITC Grantees.

For questions about the LITC Program or the grant application process, contact the LITC Program Office at (202) 317-4700 or LITCProgramOffice@irs.gov.


5.  Rule Changes for Taxable Year of Inclusion


The Tax Cuts and Jobs Act (TCJA) changed certain rules for accrual-method taxpayers. Previously, taxpayers who used the accrual-method generally needed to include income in the year in which all events had occurred that fixed the right to receive income and the amount could be determined with reasonable accuracy, the “all-events test”.

TCJA revised Section 451 so that, in general, for accrual-method taxpayers that have applicable financial statements, the “all events test” is met for an item of gross income no later than the taxable year in which such income is taken into account as revenue in its AFS. See Comparison of changes to rules for taxable year of inclusion under TCJA and Revenue Procedure 2018-60 for more information.


6.  Amended Tax Relief for Iowa Disaster Victims


The IRS added Scott County, Iowa, to the disaster area affected by severe storms and flooding that occurred on March 12. Visit IRS disaster relief for updates on tax relief for disaster victims.


7.  Technical Guidance


Revenue Ruling 2019-14 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. 

Notice 2019-35 provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under section 417(e)(3), and the 24-month average segment rates under section 430(h)(2) of the Internal Revenue Code.