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2007 Tax Hints:
Practitioner's Guide to the 2007 Filing Season

Welcome to Tax Hints 2007

As in past years, this electronic publication collects links to vital information and data from the irs.gov website, and presents them all here, in one convenient sourcebook for tax professionals. The first three Tax Hints items are particularly important—they address legislative changes that greatly affect this filing season. The lead article covers the telephone excise tax refund (TETR); the next two cover the split refund initiative. The Service’s early filing season experience shows that too few filers are availing themselves of the TETR. Please make sure your clients are taking advantage of this refund when they file. The split refund options offer more flexibility and should encourage filers to put tax refunds into savings accounts.

National Public Liaison (NPL) publishes Tax Hints primarily for our stakeholders in the tax preparation field. You are the key authors of this publication: you told NPL what information you need for filing season reference and how you’d like it presented. Your input continues to guide and shape this document and is always welcome.

Tax Hints points of contacts throughout the Service also play a key role in this publication: they send NPL information and data for inclusion that will make filing season easier and more efficient for the IRS. This material is usually specifically geared to our audience of tax professionals. Please send any comments, or suggestions for additional inclusions, by email to the program manager at gerard.j.ruelle@irs.gov.

Click Here to download Tax Hints 2007 which is in the Adode PDF format.

Table of Contents

    :
  • FAQs on TETR: What is the Telephone Excise Tax Refund?. . . . . . 2
  • Splitting 2006 Federal Income Tax Refunds. . . . . . 3
  • Frequently Asked Questions about Splitting 2006 Federal Income Tax Refunds. . . . 5
  • Standards of Practice for Tax Professionals. . . . . . 8
  • Preparers Can Use PTINs to Help Prevent Identity Theft. . . . . . 9
  • What’s New for 2006— A Summary of Important Changes. . . . . . 9
  • Electronic Signatures. . . . . . 10
  • Important Reminders on Depreciation. . . . . . 11
  • ITIN (Individual Taxpayer Identification Number) Authorized Acceptance Agents. . . . 12
  • New Address For Filing Form W-7. . . . . . 12
  • Where to Send Authorization Requests. . . . . . 12
  • EITC Resources Online 24/7. . . . . . 13
  • New Form for Estate and Gift Tax Program. . . . . . 13
  • Assisting Non-English-speaking Taxpayers. . . . . . 14
  • IRS e-file Marketing Tool Kit. . . . . . 15
  • Learn All About IRS e-file in Publication 3452. . . . . . 15
  • Most Common Reasons for Power of Attorney (POA) and Tax Information Authorization (TIA) Rejection. . . . . . 15
  • Schedule K-1, Two-Dimensional Barcodes. . . . . . 15
  • Key IRS Personnel Changes in 2006. . . . . . 15
  • Guidelines for Faxed Submissions. . . . . . 16
  • Use These Simple Solutions for an Error-Free Tax Return. . . . . . 17
  • The Information Reporting Program Advisory Committee (IRPAC). . . . . . 17
  • New Links Added this Year. . . . . . 17
  • Federal Tax Deposit Requirements for Employment. . . . . . 18
  • Injured Spouse Allocations. . . . . . 18
  • IRS Has Merged Digital Dispatch and e-News for Tax Professionals. . . . . . 19
  • Information Returns Processing. . . . . . 19
  • 2007 IRS Nationwide Tax Forums Begin in July. . . . . . 19
  • Practitioner Priority Services (PPS). . . . . . 20
  • Tax Talk Today. . . . . . 20
  • U.S. Residency Certification User Fee Implementation: November 1, 2006. . . . . . 20
  • Reducing the Burden Taxpayers Face. . . . . . 21
  • Taxpayer Advocate Service. . . . . . 21
  • Low Income Tax Clinics (LITCs). . . . . . 21
  • The Internal Revenue Service Advisory Council (IRSAC). . . . . . 22
  • Non-Resident Alien Withholding and Reporting. . . . . . 22
  • Lockbox Post Office Box Closures. . . . . . 23
  • Reporting Tax Fraud. . . . . . 24
  • Top 10 Potential Triggers for Alternative Minimum Tax. . . . . . 24
  • IRS Toll Free Numbers. . . . . . 25
  • Internal Revenue Service at a Glance. . . . . . 26
  • irs.gov Hotlinks. . . . . . 28

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