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Year: 2010

December 28, 2010         
 2010 Tax Year-in-Review
December 17, 2010
          The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010
September 27, 2010
         Small Business Jobs Act of 2010
September 13, 2010        
 Sunsetting Provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA)
August 11, 2010
               Education/Jobs/Medicaid Assistance Act of 2010
July 2, 2010                    
 Homebuyer Assistance and Improvement Act of 2010
June 25, 2010
                  Preservation of Access to Care and Pension Relief Act
March 30, 2010
                 Health Care and Education Reconciliation Act of 2010
March 23, 2010
                The Patient Protection and Affordable Care Act (Health Care Reform Act)
March 18, 2010               
 Hiring Incentives to Restore Employment (HIRE) Act
January 22, 2010
               Haiti Relief Contribution Deductions
January 14, 2010             
 IRS Unveils Comprehensive Preparer Reform Blueprint

The IRS has issued new rules allowing corporate officers or duly authorized agents to sign employment tax forms by facsimile, including alternative signature methods such as computer software programs or mechanical devices.   The rules will reduce burden on business taxpayers by simplifying employment tax filing and lowering the number of returns rejected by the IRS because of signature issues.

The new procedure applies to the following forms:

  • Any form in the 940 series, including

     
    • Form 940 Employer’s Annual Federal Unemployment Tax Return (FUTA)

       
    • Form 941 Employer’s Quarterly Federal Tax Return

       
    • Form 943 Employers Annual Federal Tax Return for Agricultural Employees

       
    • Form 945 Annual Return of Withholding Federal Income Tax

       
  • Form 1042 Annual Withholding Tax Return for U.S. Source Income of Foreign Persons

     
  • Form 8027 Employer’s Annual Information Return of Tip Income and Allocated Tips

     
  • Form CT-1 Employer’s Annual Railroad Retirement Tax Return

     
  • Any variant of these forms, such as

     
    • Form 941c Statement to Correct Information

       
    • Form 941-S, Employer’s Quarterly Federal Tax Return.

       

Officers or agents using a facsimile means of signature are personally responsible for ensuring that their facsimile signature is affixed to returns.   The person filing the form must retain a letter, signed by the officer or agent authorized to sign the return, declaring under penalties of perjury that the facsimile signature appearing on the form is the signature adopted by the officer or agent and that the facsimile signature was affixed to the form by the officer or agent or at his or her direction.

The letter must list each return by name and identifying number.   The letter should not be sent to the IRS unless specifically requested by the Service.   The letter must be retained for at least four years after the due date of such tax as the return relates, or the date such tax is paid, whichever is later.

The IRS issued the revenue procedure in response to an Industry Issue Resolution submission presented to the IRS last year by the National Payroll Consortium.   The procedure is effective for any of the designated forms filed with the IRS on or after July 1, 2005.
 

 

 


 

 


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