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Georgia Accounting Information Network Support

Georgia Accounting Information Network Support. Sam Froio Internal Revenue Service Small Business/Self Employed Div 904-665-0776 Sam.froio@irs.gov. IRS - 101. What event contributed to the first Personal Income Tax Return?. Civil War. IRS - 101.

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Georgia Accounting Information Network Support

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  1. Georgia Accounting Information Network Support Sam Froio Internal Revenue Service Small Business/Self Employed Div 904-665-0776 Sam.froio@irs.gov

  2. IRS - 101 • What event contributed to the first Personal Income Tax Return?

  3. Civil War

  4. IRS - 101 • The law requiring you to file a Personal Income Tax Return was repealed shortly after the Civil War. • What event brought it back?

  5. IRS - 101

  6. IRS2GO!

  7. Watch Us • People can view IRS YouTube videos on their smartphones. The videos provide short, informative features on a variety of tax topics. The channel ranks 4th most viewed channel among more than 125 federal government YouTube channels and is available in American Sign Language.

  8. Get The Latest News • With this tool, users can have the latest IRS news releases delivered to their phones as it becomes available!

  9. Get My Tax Record • Taxpayers can now order their tax return transcript from the IRS2GO app. The transcript will be delivered via the U.S. Postal Service to their address of record.

  10. FSLG Div. Assists With • Assistance through individualized instruction focused on employment tax withholding, reporting and filing requirements. • Assistance for information return reporting for payments to vendors. • Guidance on any other federal tax-related issues. • Participation in educational seminars and workshops at national and local levels.

  11. Southeast Contact • Willie Clayton • (321)-441-2515 • Willie.clayton@irs.gov

  12. Issue Management ResolutionIMRS • Provides mechanism for raising concerns • IRS policies, practices and procedures • Systemic problems • Facilitates issue identification, resolution and feedback

  13. Issue Submission Gather all information • Contact local stakeholder liaison staff • Visit IRS.gov • Search keyword “stakeholder liaison”

  14. Elevating An Issue • Is it an IRS issue? • Is clarification needed? • Are policy or procedural changes needed? • How widespread is the issue?

  15. Response and Resolution • Direct response from Stakeholder Liaison • Changes to policy and practices • Expanded education and outreach • Monthly IMRS reports on IRS.gov

  16. Example • Problems processing tax returns of H2-A visa workers • Issue:  A tax practitioner with a low income tax clinic repeatedly receives notices assessing self-employment tax on H2-A visa workers. H2-A visa workers are exempt under IRC 3121(b)(1). The practitioner requests guidance on how to prepare these returns to alert IRS of the exemption. 

  17. Response • Response:  Math error notices were issued because a Schedule SE was included with the return. A tax return for an H2-A visa worker should be filed in the following manner: exclude Schedule SE; enter "exempt, see attached statement" on the Self-Employment Tax line of Form 1040; and attach a statement of explanation.    

  18. Search “IMRS” On IRS.GOV • Hot issues • IMRS monthly overviews • Industry issues quarterly report • Prior year issues sorted by subject • Stakeholder Liaison local contacts

  19. Emloyment Taxes Link

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  23. E-News for Payroll Providers

  24. E-News for Payroll Providers

  25. Anita BartelsProgram Manager for Employment Tax Compliance

  26. Veterans In The Unemployment Line • Nationwide, the unemployment rate for veterans was 8.3% in 2011. • Florida = 9.3% • Georgia = 8.9%

  27. Work Opportunity Tax Credit • An Employer-Friendly Benefit for Hiring Veterans Most in Need of Employment. • “Returning Heroes and Wounded Warriors Work Opportunity Tax Credits,” amends and expands the Veteran target groups. The changes and new provisions in this Act Apply to individuals who began to work for an employer the day after its enactment, November 22, 2011, and before January 1, 2013.

  28. The Vow to Hire Heroes Act of 2011 • The credit can be as high as $9,600 per veteran for for-profit employers or up to $6,240 for tax-exempt organizations. • Work Opportunity Tax Credit.

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