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Will IRS accept 8879 or 8878 e-file consent form digitally signed by taxpayer?

Will IRS accept 8879 or 8878 e-file consent form digitally signed by taxpayer? IRS says: Taxpayers have the option of using electronic signatures for Forms 8878 and 8879 if the SOFTWARE provides the electronic signature capability. If taxpayers use an electronic signature, the software and the Electronic Return Originator (ERO) must meet certain requirements for verifying the taxpayer’s identity. Electronic signatures appear in many forms and may be created by many different technologies. No specific technology is required. Examples of currently acceptable electronic signature methods include: • A handwritten signature input onto an electronic signature pad • A handwritten signature, mark or

2 million Individual Taxpayer Identification Numbers (ITINs) Expiring

Nearly 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019. Affected taxpayers can ask our office to help submit their renewal applications early to avoid refund delays next year. Renewing before the end of the year will avoid unnecessary delays related to refunds. Under the Protecting Americans from Tax Hikes (PATH) Act, ITINs that have not been used on a federal tax return at least once in the last three consecutive years will expire Dec. 31, 2019. In addition, ITINs with middle digits 83, 84, 85, 86 or 87 (for example: 9NN-83-NNNN) that have not already been renewed will also expire at the end of the year even if the taxpayer has used it in th

Don’t try to fool IRS on FIRPTA sale by using QuitClaims

If tax avoidance and dishonesty aren’t strong enough to sway you away (IRS has alerted U.S. realtors, tax practitioners, attorneys, and real estate and title companies to this tax avoidance scheme), here’s five reasons why doing so is akin to putting a large dunce hat on your own head as it’s just an illogical action. First - note that QuitClaims in of themselves do not prevent FIRPTA. Second - IRS can re-characterize and tax QuitClaims as gifts. Third – you owe what you owe and don’t owe what you don’t owe. FIRPTA is merely a withholding tax just like your payroll tax. On the sale return you claim the FIRPTA tax paid and receive back as refund any excess of withholding over tax due. FIRPTA

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