The Kingsley Firm


"It's not what you earn, it's what you keep!"

  • Home
  • Services
  • Tax Agency News
    • How Taxpayers Across the Country Can Have their Taxes Prepared for Free
    • What’s New for Filing 2017 Tax Returns [CA Franchise Tax Board]
    • IRS Issues Rules for Providing K-1s Electronically
    • IRS Unveils New Version of Smartphone App; IRS2Go 2.0 Offers Videos, Tax Help
    • IRS Issues Proposed Regulations on New Basis Reporting Requirement
    • Do Your Federal Taxes for Free with IRS Free File
    • Real Estate Tax Deduction
    • Undelivered Refunds
    • Tax Scams
    • IRS E-File: A History
  • Quotations
  • Privacy Policy
  • About
    • Alan’s “Free/Busy” Schedule
  • Sitemap
You are here: Home / Uncategorized / Real-Time Tax System

Real-Time Tax System

November 30, 2011 by AlanK Leave a Comment

Issue Number: IR-2011-114

IRS to Host Public Meeting Dec. 8 on Real-Time Tax System

WASHINGTON –– The Internal Revenue Service will kick off a series of public meetings Thursday, Dec. 8 to gather feedback on how to implement a series of long-term changes to the tax system described by IRS Commissioner Doug Shulman in an April 2011 speech at the National Press Club. In that speech, the Commissioner described a vision where the IRS would move away from the traditional “look back” model of compliance, and instead perform substantially more “real time,” or upfront matching of tax returns when they are first filed with the IRS. The goal of this initiative is to improve the tax filing process by reducing burden for taxpayers and improving overall compliance upfront.

Under the vision of a real-time tax system, the IRS could match information submitted on a tax return with third-party information right up front during processing and could provide the opportunity for taxpayers to fix the tax return before acceptance if it contains data that does not match IRS records

By contrast, today the IRS conducts a significant number of compliance activities months after the tax return has been filed and processed. It is not uncommon for a taxpayer to receive a notice 12 to 18 months after a tax return is filed. This after-the-fact compliance approach can create problems and frustrations for both taxpayers and the IRS.

At the public meetings, IRS officials will solicit feedback and input from outside stakeholders to provide comments and insight. The first meeting will feature representatives of consumer groups, the tax professional community and government representatives. A future public meeting will include, among others, representatives of the employer and payroll community, the software industry, financial institutions and additional government representatives.

The first meeting, scheduled at 9:00 a.m. on Dec. 8, will take place at the IRS Headquarters Building Auditorium, 1111 Constitution Ave., NW, Washington, D.C. Those who would like to attend the meeting should e-mail the IRS at CL.NPL.Communications@irs.gov with the contact information for the attendees or call the IRS at 202-622-3359.

The next public meeting will be held early next year.

Filed Under: Uncategorized

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

The California Board of Accountancy has a web page entitled “How to Select a CPA”.

The firm of Alan F. Kingsley, CPA is licensed by the California State Board of Public Accountancy.

Tax Links

  • AICPA Tax Information
  • California Employment Development Department
  • California Guide to Reporting Out-of-State Purchases
  • California State Board of Equalization
  • California Tax Law
  • Duke Law Library – Intro to Tax Research
  • Employer Registration – California Employment Development Department
  • Employer Registration – Internal Revenue Service [for Employer Identification Numbers also]
  • Franchise Tax Board
  • Free File: Do Your Federal Taxes for Free
  • Government Printing Office
  • Internal Revenue Code
  • Internal Revenue Service
  • Tax News
  • U.S. Social Security Administration
  • U.S. Treasury Regulations

Financial Planning Links

  • Federal Reserve – The Beige Book
  • Federal Trade Commission – Free Annual Credit Reports
  • Financial Engines
  • Investment University
  • Moneydance Software
  • Winning the Loser's Game

General Interest Links

  • *Podcast — IRS WEB2Go Smartphone App
  • *YouTube Video — IRS IRS2G0 Smartphone App
  • AcousticVibes – audio recording services
  • Alan's Flute and Music Pages
  • California Board of Accountancy
  • Kingsley2D – photos and more
  • Susan Kingsley, Realtor
  • Ted Kingsley's personal site
  • Wikipedia Article About CPAs

IRS Circular 230 Disclosure

31 CFR Part 10, section 10.35, requires me to notify you that any tax advice in this electronic forum (including any attachments, postings, pages or links) was not intended or written by me to be used, and cannot be used by you (or any other taxpayer), for the purpose of (i) avoiding penalties under the Internal Revenue Code of 1986, as amended, or (ii) promoting, marketing or recommending to another party any tax-related matter addressed herein.
  1. Please send any feedback, questions or comments.
Avatars by Sterling Adventures

IRS Circular 230 Disclosure

31 CFR Part 10, section 10.35, requires me to notify you that any tax advice in this electronic forum (including any attachments, postings, pages or links) was not intended or written by me to be used, and cannot be used by you (or any other taxpayer), for the purpose of (i) avoiding penalties under the Internal Revenue Code of 1986, as amended, or (ii) promoting, marketing or recommending to another party any tax-related matter addressed herein.
The California Board of Accountancy has a "Consumer Assistance Booklet" describing such topics as "How Do I Select a CPA" and "What Services are Provided by CPAs?" It's available here in pdf format.

The firm of Alan F. Kingsley, CPA is licensed by the California State Board of Public Accountancy.

Spam Blocked

19,149 spam blocked by Akismet

RSS Market Watch Top Stories

  • The Moneyist: My mother excluded me from her will — before she died, my sibling cashed out her annuity policy, on which I was a beneficiary. Should I sue my family?
  • : More than 68,000 global tech-sector employees have lost jobs in 2023: layoff-data tracker
  • : Retiring early can trigger financial shortfall
  • The Moneyist: ‘Our kids say our small house is embarrassing’: My husband and I earn $160K, have $1 million in retirement savings, cook at home and drive an old Honda. Are we missing out? 
  • Mutual Funds Weekly: These money and investing tips can warm your portfolio when stocks cool
  • The Moneyist: ‘This has bugged me all my life’: My estranged father gave me $1,000 a month to buy a house in California. My brother cried foul, and told me to stop. Who’s right?
  • The Ratings Game: Inflation has sent drinkers toward cheaper beer or fancier booze
  • Brett Arends's ROI: Gold in your 401(k)? It’s not as crazy as it sounds.

Tax Links

  • AICPA Tax Information
  • California Employment Development Department
  • California Guide to Reporting Out-of-State Purchases
  • California State Board of Equalization
  • California Tax Law
  • Duke Law Library – Intro to Tax Research
  • Employer Registration – California Employment Development Department
  • Employer Registration – Internal Revenue Service [for Employer Identification Numbers also]
  • Franchise Tax Board
  • Free File: Do Your Federal Taxes for Free
  • Government Printing Office
  • Internal Revenue Code
  • Internal Revenue Service
  • Tax News
  • U.S. Social Security Administration
  • U.S. Treasury Regulations
  • Privacy Policy
  • Services
  • Understanding the Real Estate Tax Deduction
  • Famous Tax Quotations
  • Sitemap
  • Tax Agency News
  • IRS Announces 2012 Standard Mileage Rates, Most Rates Are the Same as in July
  • IRS e-file Launches Today; Most Taxpayers Can File Immediately
  • IRS Issues Proposed Regulations on New Basis Reporting Requirement
  • Alan’s “Free/Busy” Schedule
  • Windows 8 Now or Later?
  • New California College Access Tax Credit
  • Security Awareness
  • What’s New for Filing 2017 Tax Returns [CA Franchise Tax Board]
  • How Taxpayers Across the Country Can Have their Taxes Prepared for Free

Copyright © 2023 · Agency Pro Theme on Genesis Framework · WordPress · Log in