188bet亚洲真人体育下载 Urges Congress to Reintroduce and Pass 税 Technical Corrections Legislation

的 美国注册188bet亚洲真人体育下载 (188bet亚洲真人体育下载) has urged the chairmen and ranking minority members of the tax committees in Congress to reintroduce the 2016年税收技术修正法案.  的 bill was previously introduced on December 6, 2016 on a bipartisan, bicameral basis.

188bet亚洲真人体育下载 税 Executive Committee Chair Annette Nellen, CPA, CGMA, Esq. 在美国注册188bet亚洲真人体育下载3月22日的报告中写道 信 that several of the provisions in the legislation “are of unusually high importance since failure to enact them has an immediate negative impact on both the IRS and taxpayers.”  She particularly noted the provisions relating to Individual 税payer Identification Numbers (ITINs) and partnership audit rules.

Nellen explained that the procedures used by overseas taxpayers to obtain or renew their ITIN were changed by Congress so that overseas taxpayers could no longer use a community-based Certifying Acceptance Agent (CAA) to process their ITIN application.  “This change has imposed an unduly harsh burden on taxpayers residing overseas who are attempting to fulfill their United States (U.S.)纳税申报义务，”内伦说.  的 situation is further exacerbated by a new requirement to renew all ITINs issued prior to January 1, 2013, which is resulting in a surge of ITIN holders located overseas requiring assistance, 她写.  的 proposed technical correction would clarify that ITIN holders living abroad could use community-based CAAs.

的 technical corrections relating to partnership audit rules would improve the IRS’s ability to fairly and equitably administer the new partnership audit regime and reduce the administrative burdens on the IRS and taxpayers, Nellen写道.  的 technical corrections also would provide additional certainty to taxpayers regarding their obligations following an examination, while better assuring that the proper amount of tax is imposed on the appropriate taxpayer, 她说. 

Nellen explained that the partnership audit rules proposed under a new “Centralized Partnership 审计 Regime” by the U.S. Department of the Treasury and the Internal Revenue Service (IRS) on January 18, 2017 were withdrawn because they were not submitted to the Federal Register before the new administration’s regulatory freeze took effect.  However, IRS and Treasury are expected to re-issue the proposed regulations.  的 withdrawn proposed regulations reference the possibility of the technical corrections provisions being enacted by Congress and the likely need to modify and re-issue portions of the regulations after the technical corrections are enacted.  If Congress passed the technical corrections before the proposed regulations were re-issued, they could be modified before being re-issued and make the guidance process more efficient, as well as providing greater certainty to taxpayers, 她写. 

内伦强调说, while the partnership audit rules generally are not effective until after 2017, there are significant actions partnerships and partners must deal with now.  “的 need for final regulatory guidance is crucial,” 她说.