Year:
2010
December
28,
2010
2010
Tax
Year-in-Review
December
17,
2010
The
Tax
Relief,
Unemployment
Insurance
Reauthorization
and
Job
Creation
Act
of
2010
September
27,
2010
Small
Business
Jobs
Act
of
2010
September
13,
2010
Sunsetting
Provisions
of
the
Economic
Growth
and
Tax
Relief
Reconciliation
Act
of
2001
(EGTRRA)
August
11,
2010
Education/Jobs/Medicaid
Assistance
Act
of
2010
July
2,
2010
Homebuyer
Assistance
and
Improvement
Act
of
2010
June
25,
2010
Preservation
of
Access
to
Care
and
Pension
Relief
Act
March
30,
2010
Health
Care
and
Education
Reconciliation
Act
of
2010
March
23,
2010
The
Patient
Protection
and
Affordable
Care
Act
(Health
Care
Reform
Act)
March
18,
2010
Hiring
Incentives
to
Restore
Employment
(HIRE)
Act
January
22,
2010
Haiti
Relief
Contribution
Deductions
January
14,
2010
IRS
Unveils
Comprehensive
Preparer
Reform
Blueprint
The IRS has issued new rules allowing corporate officers or duly
authorized agents to sign employment tax forms by facsimile,
including alternative signature methods such as computer software
programs or mechanical devices. The rules will reduce burden on
business taxpayers by simplifying employment tax filing and lowering
the number of returns rejected by the IRS because of signature
issues.
The new procedure applies to the following forms:
- Any form in the 940 series, including
- Form 940 Employer’s Annual Federal Unemployment Tax
Return (FUTA)
- Form 941 Employer’s Quarterly Federal Tax Return
- Form 943 Employers Annual Federal Tax Return for
Agricultural Employees
- Form 945 Annual Return of Withholding Federal Income Tax
- Form 1042 Annual Withholding Tax Return for U.S. Source
Income of Foreign Persons
- Form 8027 Employer’s Annual Information Return of Tip
Income and Allocated Tips
- Form CT-1 Employer’s Annual Railroad Retirement Tax Return
- Any variant of these forms, such as
- Form 941c Statement to Correct Information
- Form 941-S, Employer’s Quarterly Federal Tax Return.
Officers or agents using a facsimile means of signature are
personally responsible for ensuring that their facsimile signature
is affixed to returns. The person filing the form must retain a
letter, signed by the officer or agent authorized to sign the
return, declaring under penalties of perjury that the facsimile
signature appearing on the form is the signature adopted by the
officer or agent and that the facsimile signature was affixed to the
form by the officer or agent or at his or her direction.
The letter must list each return by name and identifying
number. The letter should not be sent to the IRS unless
specifically requested by the Service. The letter must be retained
for at least four years after the due date of such tax as the return
relates, or the date such tax is paid, whichever is later.
The IRS issued the revenue procedure in response to an Industry
Issue Resolution submission presented to the IRS last year by the
National Payroll Consortium. The procedure is effective for any of
the designated forms filed with the IRS on or after July 1, 2005.
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