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RECENT TAX ARTICLES

• First-Time Homebuyer Credit Closing Deadline Extended to September 30, 2010
  The deadline for the completion of qualifying First-Time Homebuyer Credit purchases has been extended. Taxpayers who entered into a binding contract before the end of April now have until September 30, 2010 to close on the home.

• Summertime Child Care Expenses May Qualify for a Tax Credit
  Did you know that your summer day care expenses may qualify for an income tax credit? Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation. Those expenses may help you get a credit on next year’s tax return.

• What You Need to Know About the 2010 IRS Nationwide Tax Forums
  The 2010 IRS Nationwide Tax Forums are about to begin! The tax forums are three-day events that provide tax professionals with the most up-to-date information on federal and state tax issues presented by IRS experts and partner organizations.

• IRS presents IRS Live – New Requirements for Tax Return Preparers – Learn the Who, What, When and How
  The Internal Revenue Service will debut its latest educational program for tax professionals, the webinar IRS Live, on June 9, 2 p.m. ET. The topic is “New Requirements for Tax Return Preparers – Learn the Who, What, When and How.”

• Section 7216—Disclosure or Use of Information by Preparers of Returns
  This revenue ruling provides guidance on whether a tax return preparer is liable for criminal and civil penalties under Internal Revenue Code sections 7216 and 6713 when the tax return preparer discloses or uses tax return information under the circumstances described below.

• Expanded 120-Day Time Window Applies to Disclosure Authorizations; IRS Requests Comments on Rule Change
  IR-2009-122, Dec. 31, 2009 — WASHINGTON — A new rule has expanded to 120 days the time period during which the Internal Revenue Service may share a taxpayer’s tax-return information with third parties, based on a taxpayer’s written disclosure authorization.

• IRS Issues Proposed Regulations Adjusting Use of Some Taxpayer Information
  WASHINGTON — The Internal Revenue Service today announced the issuance of proposed and temporary regulations and related revenue rulings addressing the use or disclosure of tax return information by tax return preparers.