Weekly Report from Washington, D.C.

President Trump signed a $1.3 government spending bill, which contains several tax provisions and increases funding for the IRS. House Ways and Means Chairman Kevin Brady, R-Tex., announced that an IRS reform bill will be released in April.

Congress

House. The House approved the Consolidated Appropriations Bill, 2018, which would keep the government and federal agencies open through September. The spending bill contains several tax provisions and IRS funding (TAXDAY, 2018/03/23, C.1).

White House

President Trump signed the Consolidated Appropriations Bill, 2018, (TAXDAY, 2018/03/26, W.1).

IRS

Fraud. The IRS is warning tax professionals of “new client” scam attack (IR-2018-68), (TAXDAY, 2018/03/23, I.1).

Extensions. The IRS has extended the tax filing deadline for victims of Hurricane Maria (IR-2018-69), (TAXDAY, 2018/03/23, I.2).

Extensions. The IRS has reminded taxpayers to file extensions before April 17 (IR-2018-70), (TAXDAY, 2018/03/23, I.3).

Fraud. The IRS renews warning on phone scams, (TAXDAY, 2018/03/23, I.4).

Comments. The IRS has requested comments on Form SS-4, Application for Employer Identification Number (EIN), and Form SS-4-PR, Application for Employer Identification I.D. Number (Puerto Rican Version), (TAXDAY, 2018/03/23, I.5).

Fraud. The IRS recaps “Dirty Dozen” filing season scams (IR-2018-66), (TAXDAY, 2018/03/22, I.1).

Coal Credit. The IRS has issued clarification on Coal Credit Transactions (AM 2018-002), (TAXDAY, 2018/03/22, I.3).

FAQs. The IRS has updated FAQs on mutual funds, child support payments, dividend income, filing extensions, dividend income and more, (TAXDAY, 2018/03/22, I.5).

Fraud.“Dirty Dozen” tax scams list spotlights offshore tax evasion (IR-2018-64),(TAXDAY, 2018/03/21, I.1).

IRAs. The IRS has encouraged taxpayers to contribute to IRAs as it is still not too late to claim the contributions on a 2017 tax return if contributions are made by April 17, 2018 (IR-2018-65), (TAXDAY, 2018/03/21, I.2).

Forms. A new Form 1024-A is required to apply for 501(c)(4) exemption, (TAXDAY, 2018/03/20, I.1).

Fraud.“Dirty Dozen” Tax Scams list spotlights abusive tax shelters (IR-2018-62), (TAXDAY, 2018/03/20, I.2).

Tools. The IRS has encouraged taxpayers to use the Service’s online tools for checking the status of their federal tax accounts (IR-2018-63), (TAXDAY, 2018/03/20, I.3).

The IRS has released I.R.B. 2018-12, (TAXDAY, 2018/03/19, I.1).

The IRS has modified procedures for opinion and advisory letters for pre-approved plans (Rev. Proc. 2018-21), (TAXDAY, 2018/03/19, I.2).

Fraud. Orchestrating frivolous schemes earns a spot on IRS “Dirty Dozen” Tax Scams list (IR-2018-58), (TAXDAY, 2018/03/19, I.3).

Fuel credits. The IRS has spotlighted fuel credits for qualifying taxpayers (IR-2018-59), (TAXDAY, 2018/03/19, I.4).

Exclusion. Wrongfully incarcerated taxpayers have until December 17 to claim exclusion (IR-2018-60), (TAXDAY, 2018/03/19, I.5).

PTIN. The IRS is urging tax professionals to protect identification numbers (IR-2018-61), (TAXDAY, 2018/03/19, I.6).

Rates. Various prescribed rates for federal income tax purposes for April 2018 have been provided by the IRS (Rev. Rul. 2018-9, I.R.B. 2018-2, 290), (TAXDAY, 2018/03/19, I.7).

Comments. The IRS has requested comments on various Forms, procedures and regulations (TAXDAY, 2018/03/19, I.8).

By Jessica Jeane, Wolters Kluwer News Staff

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