Proposed Reg Issued Regarding Return Preparer PTINs

The IRS has issued the first proposed regulations related to Return Preparer Review Implementation. REG-134235-08 outlines a mandatory requirement for return preparers to use Preparer Tax Identification Numbers (PTINs) and provides examples of the meaning of the term tax return preparer for the purposes of the IRC section 6109.  See the proposed Regulation here.

Summary of Health Care

House Speaker Pelosi has issued a summary of the health care reform act.  The summary can be found here.

New IRS Program - Rapid Response Appeals Process

The IRS is implementing a pilot program that provides new priority procedures for pyramiding in-business trust fund (IBTF) Collection Due Process (CDP) cases in Appeals. This program is referred to as the Rapid Response Appeals Process (RRAP).  A description of the program can be found here.