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Tax Blawg

Tax Talk for Tax Pros

Introduction

Welcome to TaxBlawg, a resource for news and analysis of current legal issues facing tax practitioners. Although blawg.com identifies nearly 1,400 active “blawgs,” including 20+ blawgs related to taxation and estate planning, the needs of tax professionals have received surprisingly little attention. The Wall Street Journal's Tax Blog gives “tips and advice for filers,” and Paul Caron’s legendary TaxProf Blog is an excellent clearinghouse for academic and policy-oriented news. Yet, tax practitioners still lack a dedicated resource to call their own. For those intrepid souls, we offer TaxBlawg, a forum of tax talk for tax pros.

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Employment Tax Under Scrutiny Again: IRS Announces Audit Criteria for HIRE Act Exams

Following on the heels of the IRS announcement that a problem was identified in the way the first quarter HIRE credit (line 12e) was applied when computing the Failure to Deposit (FTD) penalty on second quarter Forms 941, IRS announced the audit criteria for HIRE Act examinations. John Tuzynski, Chief of Employment Tax Operations, IRS Small Business/Self Employed Division, said an IRS enforcement initiative is under way for employers that claimed tax credits under the HIRE Act.    He indicated that the exams focus on verifying Forms W-11, payroll amounts claimed by employers and hire dates.   Approximately 1000 returns are in the audit process.  Because of the complex nature of these exams and identified IRS system errors, it is recommended that companies seek tax counsel assistance before the IRS arrives, but especially if it does arrive .

Categories: Employment Tax