March IRS NPL Update
NCCPAP Immediate Past President, Stephen Mankowski, CPA, recently attended the March 2019 IRS NPL meeting. Highlights of this month’s meeting include: IRS Tax Forums, a PTIN update, changes to EIN applications, debt collection and information for farmers and the agriculture community. Read more at the link below.
NCCPAP Supports Tax Penalty Suspension
NCCPAP announces its support of the position of Senator Ron Wyden (D-OR), ranking member of the United States Senate Committee on Finance, with regard to possible underpayment penalties, as detailed in his letter of January 3, 2019 sent to Charles Rettig, Commissioner of the Internal Revenue Service. Wyden's letter requests that the potential penalties that could be assessed on many individual income tax returns for the year 2018 be suspended due to the fact that many taxpayers may have a balance due to the Federal Government once their income tax return is prepared. Read More