CCH Tax News Headlines - September 23, 2011

CCH Tax News Headlines - September 23, 2011

_Amending Existing Regs Would Place Insurance Companies That Administer Certain Insurance Arrangements Outside Code Sec. 6050W Reporting Requirements (Notice 2011-78)_

Posted on _09/23/2011_ by _CCH_ The IRS had decided to amend the existing regulations under Code Sec. 6050W to expressly provide that an insurance company or an affiliate administering a self-insured arrangement on behalf of an employer or other entity on a cost-plus basis or ? _Continue reading ?_ Posted in _Federal Tax Headlines_ | _Leave a comment_ _IRS Issues Guidance to Further Implement Return Preparer Oversight (IR-2011-96, Notice 2011-80, NPRM REG-116284-11)_ Posted on _09/22/2011_ by _CCH_ The IRS has provided additional information for tax return preparers about when to renew their preparer tax identification numbers (PTINs), how suitability testing will be conducted, and when the continuing education requirement will begin. Notice 2011-80 Notice 2011-80 provides that ? _Continue reading ?_ Posted in _Federal Tax Headlines_ | _Leave a comment_ _IRS Announces New Voluntary Worker Classification Settlement Program (IR-2011-95, Ann. 2011-64)_ Posted on _09/22/2011_ by _CCH_ The IRS has announced the launch of a new Voluntary Classification Settlement Program (VCSP) that will enable many employers to resolve past worker classification issues and achieve certainty under the tax law at a low cost by voluntarily reclassifying their ? _Continue reading ?_ Posted in _Federal Tax Headlines_ | _Leave a comment_ _Federal Headlines Treasury/IRS Issue 2011-2012 Priority Guidance Plan;

2010-2011 Year-End Plan Also Released (Priority Guidance Plan)_ Posted on _09/22/2011_ by _CCH_ Posted in _Federal Tax Headlines_ | _Leave a comment_ _IRS and DOL Partner to Curb Worker Misclassification_ Posted on _09/20/2011_ by _CCH_ The IRS and the Department of Labor (DOL) signed a memorandum of understanding (MOU) on September 19, pledging to work together to curb employee misclassification. Several states also signed agreements with the DOL on identifying worker misclassification issues. Misclassification ? _Continue reading ?_