QI, WP, and WT RENEWAL DEADLINE ALERT

Qualified Intermediaries News February 28, 2017

Corporations Topics LB&I At-a-Glance Coordinated Issue Papers Ind. Director Guidance Code, Regs., IRB IRS Resources Compliance & Enforcement Contact My Local Office Filing Options Forms & Pubs Frequently Asked Questions News Taxpayer Advocate Service Where to File

Issue Number:    2017-07 Inside This Issue QI, WP, and WT RENEWAL DEADLINE ALERT   1.  QI, WP, and WT RENEWAL DEADLINE ALERT The Internal Revenue Service (IRS) has opened the Qualified Intermediary (QI), Withholding Foreign Partnership (WP), and Withholding Foreign Trust (WT) Application and Account Management System (QI/WP/WT System) to create a more efficient and user-friendly method of administering QI/WP/WT agreements.  The deadline for all agreement renewals is March 31, 2017.  All QI/WP/WT agreements in effect prior to January 1, 2017 must be renewed by March 31, 2017 to continue in effect without interruption.  It is important that a QI/WP/WT begin its renewal process as soon as possible. All renewals must be completed and submitted using the new QI/WP/WT account management system.  All renewing QI/WP/WT applicants should review the system User Guide and FAQ's on the QI website before proceeding.  A renewing QI/WP/WT must create a new account on the system to renew its agreement.  The QI/WP/WT must submit its renewal application on the system to complete the transaction. Additional information, including the User Guide and FAQs, can be found on the QI/WP/WT System. Back to Top Thank you for subscribing to the Qualified Intermediaries e-mail list, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the Qualified Intermediaries mailing list. Please Do Not Reply To This Message. To subscribe to or unsubscribe from another list, please go to the Main Subscription Page on the IRS.gov web site.

---

Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com.

This service is provided to you at no charge by the Internal Revenue Service (IRS).

---

This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535

ACA Application for Transmitter Control Code (TCC) in “Submitted Pending Review”

Having trouble viewing this email? View it as a Web page.                                                                                                                                                 

 

QuickAlerts for Electronic ACA Information Returns February 28, 2017

e-file Resources QuickAlerts Library QuickAlerts Article QuickAlerts Brochure e-file for Tax Pros Software Developers IRS.gov Refund Information Other Useful Links Tax Professionals Forms and Pubs Partners & Stakeholders IRS Training and Communication Tools IMRS e-Services Disaster Relief Internal Revenue Bulletins

Subject: ACA Application for Transmitter Control Code (TCC) in "Submitted Pending Review"  An issue has been identified that prevents applications in "Submitted Pending Review" from progressing to the "Completed" status. If you updated your application between February 12 and February 25, your TCCs may be affected. This issue is causing some AIR transmissions to fail the authentication process and receive an error that their TCC is not working properly. The agency has been working this issue as a top priority and a fix has been identified which will resolve the issue by Friday, March 3rd. We apologize for any inconvenience this has caused. To check the status of your application, log into e-Services on www.irs.gov.   Back to Top Thank you for subscribing to QuickAlerts for Electronic ACA Information Returns, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically. Please Do Not Reply To This Message.

---

Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com.

This service is provided to you at no charge by the Internal Revenue Service (IRS).

---

This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535

Updated Qualified Intermediary/Withholding Foreign Partnership/Withholding Foreign Trust Application and Account Management System - QI System

Qualified Intermediaries News February 28, 2017

Corporations Topics LB&I At-a-Glance Coordinated Issue Papers Ind. Director Guidance Code, Regs., IRB IRS Resources Compliance & Enforcement Contact My Local Office Filing Options Forms & Pubs Frequently Asked Questions News Taxpayer Advocate Service Where to File

Inside This Issue Updated Qualified Intermediary/Withholding Foreign  Partnership/Withholding Foreign Trust Application and Account Management System - QI System   1.  Updated Qualified Intermediary/Withholding Foreign  Partnership/Withholding Foreign Trust Application and Account Management System - QI System QI, WP, WTs use the online application to apply for and manage their QI, WP, WT status with the IRS. The QI system automates and supports the IRS QI program. The applicant is able to create an account and enter application information to apply for QI, WP or WT status or enter renewal of agreement information (for existing QI, WP, or WTs). Users can upload files such as Form SS-4 (request for EIN) and Form 2848 (Power of Attorney) as part of these processes. The system has been recently updated to improve performance and user interface. Further information regarding the QI system can be found on the QI System FAQ page and the QI system user guide. Back to Top   Thank you for subscribing to the Qualified Intermediaries e-mail list, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the Qualified Intermediaries mailing list. Please Do Not Reply To This Message. To subscribe to or unsubscribe from another list, please go to the Main Subscription Page on the IRS.gov web site.

---

Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com.

This service is provided to you at no charge by the Internal Revenue Service (IRS).

---

This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535

IR-2017-49: Winter 2017 Statistics of Income Bulletin Now Available

IRS Newswire February 28, 2017

News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News Home IRS Resources myRA Compliance & Enforcement Contact My Local Office Filing Options Forms & Pubs Frequently Asked Questions News Taxpayer Advocate Where to File IRS Social Media

Issue Number:    IR-2017-49 Inside This Issue Winter 2017 Statistics of Income Bulletin Now Available WASHINGTON — The Internal Revenue Service today announced that the Winter 2017 issue of the Statistics of Income Bulletin is available on IRS.gov. The Statistics of Income (SOI) Division produces the online Bulletin quarterly, providing the most recent data available from various tax and information returns filed by U.S. taxpayers. This issue includes articles on the following topics: Unrelated Business Income Tax Returns, 2012: For tax year 2012, tax-exempt organizations reported $12 billion in gross unrelated business income, a 6 percent increase from tax year 2011. Total unrelated business income tax liability increased by 17 percent over the same period, to $429 million. Filers classified as charitable organizations, which are tax exempt under Internal Revenue Code section 501(c)(3), made up the most common Form 990-T, Exempt Organization Business Income Tax Return, filers and represented more than one-third (35 percent) of all organizations that filed the return for tax year 2012. Foreign Recipients of U.S. Income, 2013: During 2013, U.S.-source income payments to foreign persons rose to $697.6 billion, an increase of 3.7 percent from 2012. These payments are reported on Form 1042-S, Foreign Person's U.S.-Source Income Subject to Withholding. SOI Bulletin articles are available for download at IRS.gov/taxstats. For more information about this data, write to the Director, Statistics of Income (SOI) Division, RAAS:S, Internal Revenue Service, 1111 Constitution Avenue NW, (K-Room 4112), Washington, DC 20224. Related Items: SOI Bulletin: Winter 2017 Historical Tables and Appendix Tax Statistics Back to Top  Thank you for subscribing to the IRS Newswire, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.

---

Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com.

This service is provided to you at no charge by the Internal Revenue Service (IRS).

---

This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535

Guía de la temporada de impuestos: Use IRS.gov para seleccionar un profesional de impuestos calificado

Having trouble viewing this email? View it as a Web page.                                                                                                                                                 

 

Consejos Tributarios del IRS 28 de febrero de 2017

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 y Publicaciones Defensor del Contribuyente Los Derechos del Contribuyente myRA Español

Edición Número:    IR-2017-48SP En Esta Edición Guía de la temporada de impuestos: Use IRS.gov para seleccionar un profesional de impuestos calificado IR-2017-48SP, 28 de febrero de 2017   WASHINGTON — El Servicio de Impuestos Internos (IRS) hoy les recordó a los contribuyentes que IRS.gov ofrece muchos consejos e información útil para seleccionar un profesional de impuestos.   Este es el tercero en una serie de 10 consejos del IRS llamada la "Guía de la temporada de impuestos," diseñada para ayudar a los contribuyentes a navegar temas tributarios comunes. Este año la fecha límite para presentar sus impuestos es el 18 de abril.   Más de 150 millones de declaraciones individuales fueron presentadas el año pasado y más de la mitad de éstas fueron preparadas por un profesional de impuestos. Los contribuyentes pueden usar IRS.gov/chooseataxpro (en inglés) en nuestro sitio web que incluye una lista de consejos al consumidor para seleccionar un profesional de impuestos. También existe una página de la Asociación de socios profesionales del IRS (en inglés) que incluye enlaces a grupos de profesionales de impuestos sin fines de lucro, para asistir a contribuyentes quienes buscan ayuda tributaria calificada.   "Durante la temporada de impuestos millones de contribuyentes confían su información privada y financiera a profesionales de impuestos," dijo John Koskinen, Comisionado del IRS. "Le urgimos a seleccionar a su preparador de forma sabia. El IRS ofrece numerosos recursos en línea para informarlo y asistirlo con el proceso."   Aquí le presentamos algunos consejos básicos que debe tener en mente cuando seleccione a su profesional de impuestos (en inglés):   Seleccione un preparador con ética. Los contribuyentes confían datos personales vitales con las personas que preparan sus impuestos, incluyendo los ingresos, inversiones y números de seguro social. Revise la declaración y haga preguntas antes de firmarla. Los contribuyentes son legalmente responsables por lo que aparece en su declaración, sin importar quien la haya preparado. Asegúrese que el preparador firme la declaración e incluya su número de identificación de preparador de impuestos (PTIN). A todo preparador se le requiere tener un PTIN válido. Nunca firme una declaración en blanco. Es una clara señal de un problema cuando a un contribuyente se le pide firmar una declaración en blanco. El preparador puede poner lo que le parezca en la declaración, incluso hasta su propio número de cuenta para recibir un reembolso.   En 2015, el IRS publicó un Directorio de Preparadores de Impuestos Federales con Credenciales y Ciertas Calificaciones (en inglés) en su sitio web para ayudar a los contribuyentes a verificar los credenciales y calificaciones de los profesionales de impuestos. El directorio permite la búsqueda y categorización de datos e incluye el nombre, ciudad, estado y código postal del profesional con credenciales al igual que aquellos quienes han completado los requisitos para el Programa Anual de la Temporada de Presentación de Impuestos (en inglés) del IRS.   El IRS requiere que cualquier persona que prepare una declaración federal de impuestos por pago, obtenga un PTIN. Todos los PTINs son emitidos por el IRS y existen más de 725,000 individuos con un PTIN válido. Cualquier persona con un PTIN válido puede preparar y firmar las declaraciones federales que preparen.   Para más información visite:   ¿Quién lo puede representar ante el IRS?(en inglés) Cosas que debe recordar al elegir un preparador de impuestos ¿Cuándo y cómo hago una queja sobre un preparador de impuestos? (en inglés)   Para otros consejos visite la Guía de la temporada de impuestos, disponible en IRS.gov. Back to top   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.

---

Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com.

This service is provided to you at no charge by the Internal Revenue Service (IRS).

---

This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535

IRS Tax Tip 2017-21: Get Credit for Making a Home Energy Efficient

 

IRS Tax Tips February 28, 2017

Useful Links: IRS.gov myRA Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams/Consumer Alerts The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News IRS Resources Compliance & Enforcement News Contact Your Local IRS Office Filing Your Taxes Forms & Pubs Frequently Asked Questions Taxpayer Advocate Service Where to File IRS Social Media

Issue Number:    IRS Tax Tip 2017-21 Inside This Issue Get Credit for Making a Home Energy Efficient Taxpayers who made certain energy efficient improvements to their home last year may qualify for a tax credit this year. Here are some key facts to know about home energy tax credits: Non-Business Energy Property Credit Part of this credit is worth 10 percent of the cost of certain qualified energy-saving items added to a taxpayer's main home last year. Qualified improvements include adding insulation, energy-efficient exterior windows and doors, and certain roofs. Do not include the cost to install these items. The other part of the credit is not a percentage of the cost. It includes the installation costs of certain high-efficiency heating and air-conditioning systems, high-efficiency water heaters and stoves that burn biomass fuel. The credit amount for each type of property has a different dollar limit. This credit has a maximum lifetime limit of $500. Taxpayers may only use $200 of this limit for windows. A taxpayer's main home must be located in the U.S. to qualify for the credit. The non-business energy property credit is only available for existing homes. Be sure to have the written certification from the manufacturer that their product qualifies for this tax credit. They usually post it on their website or include it with the product's packaging. Taxpayers can use this to claim the credit. Do not attach it to a tax return. Keep it with tax records. Taxpayers may claim the credit on their 2016 tax return if they didn't reach the lifetime limit in past years. Under current law, Dec. 31, 2016, was the deadline for qualifying improvements to the taxpayer's main U. S. home. Residential Energy Efficient Property Credit This tax credit is 30 percent of the cost of alternative energy equipment installed on or in a home. This includes the cost of installation. Qualified equipment includes solar hot water heaters, solar electric equipment, wind turbines and fuel cell property. There is no dollar limit on the credit for most types of property. If the credit is more than the tax owed, carry forward the unused portion of this credit to next year's tax return. The home must be in the U.S. It does not have to be a taxpayer's main home, unless the alternative energy equipment is qualified fuel cell property. The residential energy efficient property credit is available for both existing homes and homes under construction. This credit is available through 2016. Use Form 5695, Residential Energy Credits, to claim these credits. For more information on this topic, refer to the form's instructions. Get IRS forms anytime on IRS.gov/forms. Taxpayers should keep a copy of their tax return. Beginning in 2017, taxpayers using a software product for the first time may need their Adjusted Gross Income (AGI) amount from their prior-year tax return to verify their identity. Taxpayers can learn more about how to verify their identity and electronically sign tax returns at Validating Your Electronically Filed Tax Return. Share this tip on social media -- Get Credit for Making a Home Energy Efficient.  http://go.usa.gov/x9S6U#IRS Back to Top Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov. This message was distributed automatically from the IRS Tax Tips mailing list. Please Do Not Reply To This Message.

---

Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com.

This service is provided to you at no charge by the Internal Revenue Service (IRS).

---

This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington DC 20535