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QuickAlerts – Technical – Form 1040 Series Business Rules and Schema are Available.

Subject: Form 1040 Series Business Rules and Schema are Available. Attention: Software Developers, Return Transmitters and Authorized IRS e-File Providers/EROs Tax Year 2023 / Processing Year 2024 Business Rules and Schema Form 1040 Series 2023v4.0 Form 2350 2023v1.1 Form 4868 2023v1.1 Form 56 CUv23.1 Form 9465 CUv25.1 Tax Year 2022 / Processing Year 2024 Schema Only Form 1040 Series 2022v5.5 (Revised) Software Developers and State organizations may download Modernized e-File (MeF) schemas and business rules from their e-Services mailbox. To access these files, you must have: An active e-Services account An e-File application with the Software Developer or State provider option with the associated tax type of 1040, 2350, 4868, 56 or 9465 Please visit the Modernized e-File (MeF) Schemas and Business Rules page on IRS.gov for more information about MeF Schemas and Business Rules. You may have several messages in your account. Please open all of them to find the set you would like to download. After 60 days the messages are purged. If you have the appropriate role and do not have these files available for download within 48 hours, please contact the MeF Mailbox mefmailbox@irs.gov with the Company Name, ETIN and Schema Package(s) with Tax Year needed.

QuickAlerts – Technical Update: Availability of Form 1040 Series Business Rules and Schema Attention all Software Developers, Return Transmitters, and Authorized IRS e-File Providers/EROs! We have an important update for you regarding the Tax Year 2023 and Processing Year 2024 Business Rules and Schema. Form 1040 Series 2023v4.0 and Other Updates The latest versions of […]

IRS-Criminal Investigation (CI) Presents: Tax Case of the Month

IRS Criminal Investigation (CI) typically selects one criminal case adjudicated during the previous month to serve as the Tax Case of the Month. September was an extraordinary month in terms of criminal tax sentencings, and CI leadership couldn’t select just one. The agency selected TWO Tax Cases of the Month, which were investigated by CI’s Tampa and Los Angeles Field Offices. NJ native, CFO of Russian gas company sentenced to 7 years for failing to file taxes Born in Orange, New Jersey, Mark Anthony Gyetvay rose to leadership as chief financial officer (CFO) of Novatek, a Russian natural gas company based in Moscow, after establishing a presence in Russia as a licensed certified public accountant (CPA) at a U.S.-based accounting firm. While CFO, Gyetvay concealed his ownership and control over offshore assets worth in excess of $93 million and failed to pay taxes on millions of dollars of income. Gyetvay also submitted a false offshore compliance filing with the IRS to avoid penalties and prosecution. Beginning in 2005, Gyetvay opened two different accounts at a bank in Switzerland to hold large sums of money, which at one point had an aggregate value of over $93 million. Over a period of several years, Gyetvay took steps to conceal his ownership and control over these funds, including removing his name from the accounts and making his then-wife, a Russian citizen, the beneficial owner of the accounts. Additionally, and despite being a CPA, Gyetvay did not file personal tax returns for 2013 and 2014. Additionally, Gyetvay did not file Reports of Foreign Bank and Financial Accounts (FBARs), as required, to disclose his control over the Swiss bank accounts, even rejecting his accountant’s recommendation to do so. In an unsuccessful attempt to avoid significant financial penalties, Gyetvay made a false filing with the IRS using streamlined foreign offshore procedures, a process only available to taxpayers whose failure to report offshore assets and income is due to non-willful conduct. On Sept. 21, Gyetvay was sentenced to 86 months in prison, ordered to serve three years of supervised release, and pay a $350,000 fine and approximately $4 million in restitution to the U.S. A federal jury convicted Gyetvay in March of failing to file a FBAR, making a false statement to the IRS and willfully failing to file tax returns. This case was investigated by the Tampa Field Office. Tax fraud, identity theft nets 34-year sentence for Nigerian criminal Ayodele Arasokun was sentenced to 34 years in federal prison for orchestrating an international tax scheme on September 18, 2023. From January 2016 to November 2017, Arasokun devised a scheme to unlawfully obtain tax refunds by filing fraudulent federal income tax returns. Arasokun collected the names, dates of birth, and Social Security numbers of multiple individuals across the U.S. Using this information, Arasokun compromised the IRS Electronic Filing Pin application, an online electronic portal used for e-filing. The fraudulent returns contained fictitious income amounts, withholdings, and other false information. Arasokun then directed tax refunds to be deposited into prepaid debit cards and bank accounts that he monitored. Arasokun pursued approximately 700 U.S.-based accounts containing over $50 million. Of the $9.1 million claimed by Arasokun in false federal income tax returns, the IRS paid out $2.2 million in fraudulently obtained refunds. A jury convicted Arasokun in October 2022 of 21 counts of wire fraud and aggravated identify theft for coordinating a scheme to file 1,701 false returns and claim $9.1 million in refunds, with West Virginia residents among his victims. This case was investigated by the Los Angeles Field Office.

IRS-Criminal Investigation (CI) Spotlights: September’s Noteworthy Tax Cases The IRS Criminal Investigation (CI) division usually highlights one criminal case adjudicated in the preceding month as its Tax Case of the Month. However, September proved to be an exceptional month for criminal tax sentencings. The CI leadership found it impossible to choose just one case. Instead, […]

Update on IRS Public Key for FATCA Filing

As you are aware, the public/private key pairs used for encryption for FATCA filings have an expiration date. The IRS Public Key for FATCA filing will expire soon. The IRS has a new key and will replace the existing key on Friday, October 13, 2023. After Friday, October 13, 2023, at 11:59 pm eastern time, you will need to download the new IRS Public Key from IDES to file your FATCA Reports. As a reminder, when purchasing a new digital certificate or replacing one that is about to expire, IDES only recognizes and accepts digital certificates issued by IRS approved Certificate Authorities (CA).

Important Update on the IRS Public Key for FATCA Filing In the world of FATCA filings, encryption is key, and those keys have a lifespan. The IRS Public Key, which is instrumental for FATCA filing, is nearing its expiration date. But don’t worry, there’s a new key on the horizon. New IRS Public Key Release […]

Consejo en video del IRS: Cómo pagar sus impuestos

Esenciales de Noticias Noticias en Español Consejos Tributarios del Cuidado de Salud Oficina de Prensa Fraudes Tributarios Alrededor de la Nación Temas de Interés IRS.gov/Español Consejos Tributarios Centro Multimediático Hojas de Datos Recursos del IRS Medios Sociales y el IRS Contacto de Mi Oficina Local Formularios e Instrucciones Defensor del Contribuyente Los Derechos del Contribuyente Edición Número: Cómo pagar sus impuestos En Esta Edición Aquà un consejo en video del IRS: Cómo pagar sus impuestos Español | Inglés | ASL Suscríbase hoy: Los canales del IRS en YouTube brindan videos cortos e informativos en una variedad de temas tributarios en español, inglés y ASL. www.youtube.com/@IRSmultilingual www.youtube.com/@IRSvideos www.youtube.com/@IRSvideosASL Gracias por suscribirse a Consejos Tributarios en Español del IRS, un servicio de correo electrónico del IRS. Para obtener más información sobre los impuestos federales, por favor visite la página de internet IRS.gov. Este mensaje fue distribuido automáticamente de la lista de correos electrónicos de Consejos Tributarios en Español del IRS. Por favor no responda a este mensaje.

Consejo en video del IRS: Cómo pagar sus impuestos ¿Está buscando consejos sobre cómo pagar sus impuestos? No busque más. Aquí le presentamos un video del IRS que proporciona información clara y concisa sobre cómo hacerlo. Recursos del IRS El IRS ofrece una variedad de recursos para ayudarlo a entender y manejar sus impuestos. Desde […]

e-News for Payroll Professionals

e-News for Payroll Professionals October 6, 2023 Useful Links: IRS.gov Payroll Professionals Tax Center Employment Taxes Reporting Agents File Employment Tax Forms Employment Tax Publications Online Ordering SSA/IRS Reporter SSA - Employer Web Page Taxpayer Advocate Service Issue Number: 2023-09 Inside This Issue IRS focusing new compliance efforts on high-income earners, partnerships, others abusing tax laws IRS expands chatbot technology – already serving more than 13 million taxpayers Bookmark the IRS’s Payroll Professionals Tax Center webpage Businesses must electronically file Form 8300, Report of Cash Payments Over $10,000, beginning Jan. 1, 2024 New draft forms, instructions and publications on IRS.gov 1. IRS focusing new compliance efforts on high-income earners, partnerships, others abusing tax laws Capitalizing on Inflation Reduction Act funding and following a top-to-bottom review of enforcement efforts, the IRS announced the start of a sweeping, historic effort to restore fairness in tax compliance by shifting more attention onto high-income earners, partnerships, large corporations and promoters abusing the nation's tax laws. The new effort will center on adding more attention to the wealthy, partnerships and other high earners who have seen sharp drops in their audit rates during the past decade. Improved technology, including artificial intelligence, will help IRS compliance teams better detect tax cheating, identify emerging compliance threats and improve case selection tools to avoid burdening taxpayers with needless 'no-change' audits. 2. IRS expands chatbot technology – already serving more than 13 million taxpayers The IRS is using Inflation Reduction Act funding to expand its chatbot technology, which quickly answers basic questions for taxpayers receiving notices about possibly underreporting their taxes. The newest chatbot feature will assist taxpayers who receive notices CP2000, CP2501 and CP3219A. These mailings inform taxpayers if the tax information the IRS received from third parties doesn't match the information they provided to the IRS themselves. Rollout of the newest chatbot builds on prior IRS successes using the technology to help improve taxpayer service. Since January 2022, IRS voice and chatbots, both in English and Spanish, helped more than 13 million taxpayers avoid wait times by resolving their tax issues, including setting up roughly $151 million in payment agreements. The IRS plans to continue additional bot technology features in the future to assist taxpayers with more complex issues. 3. Bookmark the IRS’s Payroll Professionals Tax Center webpage Stay up to date with everything payroll related by bookmarking and regularly visiting the IRS’s Payroll Professionals Tax Center webpage. The page is full of hot topics that are of interest to the payroll community. There are also links to draft forms, Tax Withholding Estimator, the Online Tax Calendar and more. 4. Businesses must electronically file Form 8300, Report of Cash Payments Over $10,000, beginning Jan. 1, 2024 Starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300. 5. New draft forms, instructions and publications on IRS.gov Draft Forms: Form 4970 (Draft), Tax on Accumulation Distribution of Trusts Form CT-1 (Draft), Employer's Annual Railroad Retirement Tax Return Form SS-8 (Draft), Determination of Worker Status for Purposes of Federal Draft Instructions: Instructions 944 (Draft), Employer's Annual Federal Tax Return Instructions 945 (Draft), Annual Return of Withheld Federal Income Tax Instructions 2678 (Draft), Employer/Payer Appointment of Agent Instructions 8941 (Draft), Credit for Small Employer Health Insurance Premiums Instructions W-7 (Draft), Application for IRS Individual Taxpayer Identification Number Instructions W-8EXP (Draft), Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding and Reporting Draft Publications: Publication 1167 (Draft), General Rules and Specifications for Substitute Tax Forms and Schedules Thank you for subscribing to e-News for Payroll Professionals an IRS email service.

Latest Updates for Payroll Professionals As we step into October 2023, there are several noteworthy updates that payroll professionals need to be aware of. This article provides a comprehensive overview of the latest IRS guidelines and policies that could impact your work. Increased IRS Compliance Efforts The IRS is ramping up its efforts to ensure […]

Information Returns Intake System (IRIS) Working Group Meeting

Attention: Software Developers and Information Return Transmitters Please join us for an Information Returns Intake System (IRIS) Working Group Meeting. This call is intended for software developers, transmitters and states interested in the IRIS system. The purpose is to provide IRIS-related information that can better help users avoid unnecessary filing errors, address any known issues or workarounds and to provide important filing dates and deadlines. Please plan to join the webinar. Information Returns Intake System (IRIS) Working Group Meeting Wednesday, October 11 1:00 PM - 2:00 PM EDT Online event

Join the Information Returns Intake System (IRIS) Working Group Meeting Calling all software developers, information return transmitters, and states interested in the IRIS system! We invite you to be part of the forthcoming Information Returns Intake System (IRIS) Working Group Meeting. This online event is designed specifically for those who are keen to delve deeper […]

Information Returns Intake System (IRIS) Working Group Meeting

Attention: Software Developers and Information Return Transmitters Please join us for an Information Returns Intake System (IRIS) Working Group Meeting. This call is intended for software developers, transmitters and states interested in the IRIS system. The purpose is to provide IRIS-related information that can better help users avoid unnecessary filing errors, address any known issues or workarounds and to provide important filing dates and deadlines. Please plan to join the webinar. Information Returns Intake System (IRIS) Working Group Meeting Wednesday, October 11 1:00 PM - 2:00 PM EDT Online event

Join the Information Returns Intake System (IRIS) Working Group Meeting If you’re a software developer, transmitter, or state representative keen on understanding more about the Information Returns Intake System (IRIS), we have an event just for you. We are hosting an IRIS Working Group Meeting, a virtual event that is sure to provide you with […]