BTB Tax News Update

Audit Techniques Guide - Now Available from the IRS (SBTW Day 1 Topic)
Tax Preparer Review; Public Forums to Gather Input this Summer
"e-Postcard" Final Regulations Published
Federal Minimum Wage Increases on July 24
CFS TaxTools Discount

Audit Techniques Guide - Now Available from the IRS
Browse the guides in industries you deal with. See these recently updated guides.
•       Construction Industry
•       IRC Section 183: Activities Not Engaged in For Profit - (SBTW Day 1 Topic)

Tax Preparer Review; Public Forums to Gather Input this Summer
The IRS announced public forums for individuals and constituent groups to comment on development of tax preparer performance standards.
Two panels are scheduled for a forum on July 30. The first panel will give consumer groups an opportunity to provide recommendations. These groups include the AARP, Consumer Federation of America, Center on Budget and Policy Priorities, National Community Tax Coalition and Low Income Tax Clinics.
The second panel will be made up of tax professional groups, including the American Institute of Certified Public Accountants, the National Association of Enrolled Agents, the National Association of Tax Professionals and the National Society of Accountants.
The two panels will take place at the Ronald Reagan Building amphitheater in Washington starting at 9 a.m. on July 30. People interested in attending should confirm attendance by sending an e-mail message to: CL.NPL.Communications@irs.gov.

"e-Postcard" Final Regulations Published
The IRS and Treasury Department have issued final regulations clarifying how and when certain small tax-exempt organizations must file the annual electronic notice. The final regulations finalize the temporary regulations without substantive change.

Federal minimum wage increases on July 24
The federal minimum wage for covered non-exempt employees rises from $6.55 to $7.25 per hour July 24.

CFS TaxTools Discount
The Back to Basics Income Tax Seminar “coupon code” for 2009 is now available. For this year, our students can use the following code (BTB67813). New orders receive a 20% discount for CFT TaxTool products and reorders will receive a 10% discount.

Save Money: Register before the day of the seminar and save $25. As always, advance registration is strongly recommended. Walk-in registrations will be allowed only if seminar materials and space are available. However, due to additional charges incurred for seminar set-up, walk-in registrations will now be subject to an additional $25 service fee.

To read past "Tax Updates", visit BTB Income Tax Seminars' Newsletter Archive

Our Instructors:

Thomas Zoeller EA, CFP, MST	James Hockenberry EA	John Geigel JD, CPA	Jaye Tritz EA, CFP, ChFC

Disclaimer
This publication is distributed with the understanding that the author and publisher are not engaged in rendering legal, accounting or other professional advice and assume no liability in connection with its use. Tax laws are constantly changing; are subject to differing interpretation; and the facts and circumstances in your particular situation may not be the same as those presented here. Therefore, we urge you to do additional research and make sure that you are fully informed and knowledgeable before using the information contained in this publication.

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