Judge Dismisses AICPA Lawsuit against the IRS

A federal judge has dismissed a lawsuit against the Internal Revenue Service by the American Institute of CPAs over its new program offering voluntary education and testing of non-CPA tax preparers.

2014-2015Judge James Boasberg, the same judge who handed down the Loving v. IRS ruling last year invalidating the IRS’s attempt to impose mandatory testing and continuing education of non-credentialed tax preparers, issued a ruling in the new case Monday.

In his ruling Monday, Boasberg said the AICPA lacked standing and would not be harmed by a voluntary program. “Arguing that AICPA and its members have suffered no harm from the program, Defendants IRS and the IRS Commissioner have now moved to dismiss the suit for lack of standing. Agreeing, the Court will grant Defendants’ Motion,” wrote Boasberg.

He disagreed with the AICPA’s contention that customers would use unenrolled tax preparers who participated in the Annual Filing Season Program … read the entire news release on Accounting Today.

MSSEA ANNUAL BOARD MEETING

mssea-fall-seminarMembers present were President Bill Poss, Vice President William Greene, Treasurer Jeff Tullos, Board Members Ann Waller and Connie Kidd, Past President John Williams, Harry Robinson, Mel Hawthorne, Nancy Walters, Robbie Roberson and Perry Ramser.

The meeting was called to order by President Bill Poss. Past President, John Williams moved and Ann Waller seconded to dispense with reading of the last minutes, due to the absence of Secretary Cathy Riddle. Motion carried with no opposition.

Jeff Tullos gave the treasurer’s report with a balance of $22,372.77. Past President John Williams moved and Perry Ramser seconded to accept the treasurer’s report as read. Motion carried with no opposition. Vice President William Greene moved to appoint a committee to work on the web site. Ann Waller seconded. Motion passed with a unanimous vote.

Chair of the nominating committee, John Williams presented the slate of officers for 2013-2015 as follows: President William Greene, Vice President Mike Scott, Secretary Connie Kidd and Treasurer Jeff Tullos. Board Members: Ann Waller, John Williams, Robbie Roberson, Perry Ramser, and Past President Bill Poss.

There were no nominations from the floor. Mel Hawthorn moved that nominations be closed. Perry Ramser seconded. There were none opposed. Bill Nemeth, EA RTRP installed the officers as slated.

President William Greene appointed committees as follows:
Web Site: Chair, Bill Poss and Jeff Tullos
Next Years Conference: Ann Waller, Chair, John Williams, and Mel Hawthorne
Social Media: Robbie Roberson
Nominating: Past President Bill Poss, Chair, John Williams and Perry Ramser

With no other business, President William Greene adjourned the meeting.

Connie Kidd, Secretary
October 28, 2013 5:00 pm Birmingham, AL

Enrolled Agents

“Enrolled agents (EAs) are America’s Tax Experts. EAs are the only federally licensed tax practitioners who specialize in taxation and also have unlimited rights to represent taxpayers before the IRS”

What Taxpayers Need to Know about Filing an Extension

WASHINGTON, DC (April 9, 2012)—The National Association of Enrolled Agents (NAEA) warns the taxpaying public that a common misconception about filing a tax extension is that it provides taxpayers additional time to pay what they owe IRS without any financial penalty. In fact, an extension to file should not be confused with an extension to pay. Taxpayers still need to send a check to IRS by April 17 for an amount as close as possible to what they owe. If they are not able to pay in full, IRS will charge interest and late payment penalties. By paying what they can, taxpayers can at least reduce the amount charged for interest and penalties. The current interest rate is three percent per year, compounded daily, and the late payment penalty is normally 0.5 percent per month.

The good news is that by filing an extension, the taxpayer has an additional six months (until October 15, 2012) to complete and file the tax return without being charged a late-filing penalty. Also good news for those who don’t have the money to pay in full is that the newly-expanded “Fresh Start” initiative will allow certain taxpayers who have been unemployed for 30 days or longer to avoid paying penalties for failing to pay taxes. IRS has also greatly increased the number of taxpayers eligible for installment agreements by doubling the dollar threshold, and is working to make common-sense changes to the Offer in Compromise program.

The Free File link on the IRS website is a quick and easy way to apply for a filing extension. This free service can be used to automatically request an extension on filing from IRS.

About Enrolled Agents

Enrolled agents (EAs) are America’s tax experts. They are the only federally-licensed tax practitioners who specialize in taxation and also have unlimited rights to represent taxpayers before the IRS. While attorneys and certified public accountants are also licensed, only enrolled agents specialize exclusively in taxes. Enrolled agents are required to complete many hours of continuing education each year to ensure they are up-to-date on the constantly changing tax code and must abide by a code of ethics. To locate an enrolled agent in your area, go to the “Find an EA” directory at www.naea.org.