IRS Releases Final Report on Tax-Exempt Colleges and Universities Compliance Project
1. IRS Releases Final Report on Tax-Exempt Colleges and Universities Compliance Project
The Internal Revenue Service released its final report summarizing audit results from a study of colleges and universities that began in 2008. This final report describes the agency s multi-year project on a major segment of tax-exempt organizations.
2. YouTube: Online Payment Agreements
Do you have clients that need to set up Online Payment Agreements? Watch this new YouTube video for more information. Watch this and other videos on the IRS YouTube Channel.
3. May 13 Phone Forum: What You Need to Know About the IRS Final 401(k) Questionnaire Report and Next Steps
Earn continuing education credit in this May 13 Phone Forum. The 401(k) Compliance Check Questionnaire Final Report covers plan form and operational issues compiled from data provided by 401(k) plan sponsors. IRS experts will highlight significant findings and next steps, including outreach, guidance and compliance projects. They ll also discuss a new self-audit tool to help 401(k) plan sponsors avoid costly mistakes. If you have a specific matter that you would like addressed in the forum, send an email toep.phoneforum@irs.gov by May 6.
4. May 23 Phone Forum: 403(b) Corrections and Examination Trends
Earn continuing education credit in this May 23 Phone Forum. A discussion on Revenue Procedure 2013-12 will include guidance on correcting 403(b) plan failures and updates to the Employee Plans Compliance Resolution System. IRS experts will review issues found in recent 403(b) audits and correcting 403(b) plan failures.
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