TaxByte 2016-11


Form 14420 Verification of Reported Income– IRS Requests Comments – Help Make the Form 1099-K Audits Easier for the Tax Professional

Form 14420 is issued by the IRS when they begin an audit on an entity that has received a Form 1099-K, Payment Card and Third Party Network Transactions.  IRS is asking for comments to improve the form. 

https://www.irs.gov/pub/irs-pdf/f14420.pdf

Send your comments to:
Tuawana Pinkston
Internal Revenue Service
Room 6526
1111 Constitution Avenue NW
Washington, D.C. 20224

Comments must be received by June 20, 2016.

 

Also, Form 8554 Application for Renewal of Enrollment to Practice before the IRS has been revamped. IRS is requesting input concerning the form. 

https://www.irs.gov/pub/irs-pdf/f8554.pdf

Comments can be sent to:
Tuawana Pinkston
Internal Revenue Service
Room 6526
1111 Constitution Avenue NW
Washington, D.C. 20224

Comments must be received by June 20, 2016.