e-News for Tax Professionals - Issue Number:  2015-26


Inside This Issue

1.     Year-Round Tax Help in Six Languages

2.     Tax Relief for Victims of Severe Weather in Arkansas

3.     Products for Taxpayers Who Are Visually Impaired

4.     July 15 Webinar: Tangible Property Regulations

5.     Technical Guidance

 

1.  Year-Round Tax Help in Six Languages

The IRS reminds tax professionals that a wide range of publications and online resources are available year-round in six languages on IRS.gov.

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2.  Tax Relief for Victims of Severe Weather in Arkansas

Victims of the severe storms, tornadoes, straight-line winds and flooding that took place beginning on May 7 in parts of Arkansas may qualify for tax relief from the IRS.

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3.  Products for Taxpayers Who Are Visually Impaired

This new YouTube video explains how to get accessible tax forms for taxpayers who are blind or visually impaired.

Watch this and other videos on the IRS YouTube Channel

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4.  July 15 Webinar: Tangible Property Regulations

Sign up for this July 15 webinar and get information on:

•General rules contained in the Internal Revenue Code

•Acquisition and Productions Costs

•Applicable Financial Statements (AFS)

•Materials and Supply rules

•Improvements vs. Repairs

•Betterments, Restorations and Adaptations

•Safe Harbor

•Election to Capitalize Repair and Maintenance Costs

•Method Changes

•Simplified Procedures for Small Business Taxpayers

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5.  Technical Guidance

Notice 2015-43 provides interim guidance based in part on the definition of expatriate health plans set forth in the temporary relief under ACA Implementation Frequently Ask Questions (FAQs) Part XIII (issued March 8, 2013) and Part XVIII (issued January 9, 2014). Additionally, the notice provides guidance on the requirements for certain individuals to be considered qualified expatriates under the EHCCA.  The notice does not apply to the health insurance providers fee imposed by Section 9010 of the ACA. 

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