SlideServe
Télécharger Obtenir Pro
Menu
Accueil Pro
Préférences
ApparenceLight Aide et commentaires
© SlideServe · v2026

Industry Panel Perspectives May 2012

torgny avatar
torgny
23 diapositives · 366 Views · Jul 18, 2014

In this May 2012 industry panel, experts discuss critical challenges and developments in the modernized eFile (MeF) system. Highlights include a roadmap for form support, the impact of slow acknowledgments on refund delays, and the significance of taxpayer communication regarding expectations. Panelists also address return preparer regulations, the attrition of tax preparers, and the compliance landscape shaped by the IRS. With insights on managing upcoming tax seasons and addressing industry confusion, this discussion aims to prepare stakeholders for future financial complexities.

#industry panel perspectives may 2012 #industry panel perspectives may 2012 ppt #powerpoint #presentation
Industry Panel Perspectives May 2012 - slide 1
01 / 23Industry Panel Perspectives May 2012
1 / 17

Télécharger la présentation

Industry Panel Perspectives May 2012
Une image / un lien ci-dessous est fourni (tel quel) pour télécharger la présentation

Politique de téléchargement : le contenu du site vous est fourni TEL QUEL pour votre information et votre usage personnel ; il ne peut être vendu, concédé sous licence ni partagé sur d’autres sites sans l’accord de son auteur.Le contenu vous est fourni TEL QUEL, pour votre information et votre usage personnel uniquement. Téléchargez la présentation en cliquant sur ce lien. Lors du téléchargement, si vous ne parvenez pas à télécharger une présentation, l’éditeur a peut-être supprimé le fichier de son serveur.Pendant le téléchargement, si vous ne parvenez pas à obtenir une présentation, le fichier a peut-être été supprimé par l’éditeur.

F I N

Plus de contenu associé

Transcription de la présentation

  1. Industry Panel Perspectives May 2012

  2. Industry Panel Perspectives May 2012 Modernized eFile (MeF) Presented by Michele Geraci

  3. Background • MeF Roadmap • 2010: Support for 23 Forms • 2011: Additional Forms and Focus on Infrastructure • 2012: Support for Remaining Forms/Schedules

  4. Challenges • Slow Acknowledgements Lead to MeF Shutdown • Refund Delays • Return Processing Issues

  5. Impact • Taxpayers • Delayed Refunds • Where’s My Refund • Industry • Significant Call Volume • Brand Image Impact

  6. Recommendations • Support Legacy EF for Another Tax Season • Set Taxpayer Expectations for Refund Timing

  7. Industry Panel Perspectives May 2012 Return Preparer Regulations Presented by Kathy Pickering

  8. RTRP Requirements

  9. Upcoming Challenges • Tax Preparer Attrition • Test Schedule Compression • PTIN Information and the Freedom of Information Act • Compliance / Enforcement of Regulations • Preparer Penalties

  10. Successes • IRS personally delivering first certificates • Recognition and celebration of accomplishment • IRS engagement and communication • Establishment of Return Preparer Program office • Willingness to review/revise plans – e.g. fingerprinting • Proactive problem solving for potential issues

  11. Industry Panel Perspectives May 2012 Tax Armageddon Presented by John Sapp, CPA

  12. Prophecy and PrognosticatorsDecember 2012 – The end of the World? “…Ticking Time Bomb…” “…Total Confusion…” “…Real disaster in the filing season…” “…Very Very Concerned…”

  13. Prophecy and PrognosticatorsDecember 2012 – The end of the World? ? ? ?

  14. 93 Expiring or Expired Tax Provisions • Federal Debt Limit • Election Year • BCA Spending Cuts • Medicare Payment Rate Reduction • Why not just extend? • Deficit from $3.0 Trillion to $11.0 Trillion “Ticking Time Bomb”

  15. AMT Exemption • Depreciation • Above the line Deductions • After AGI Deductions • Tax Rates • Taxable Income “Very Very Concerned”

  16. “Total Confusion” • Taxpayers • Politicians • IRS • Financial Markets (ASC 740) • IRS • Tax Preparers • Industry

  17. “Real Disaster” • Confusion • Inability to file • Delayed Season start • Support and Communication • Resource Allocation

  18. Industry Panel Perspectives May 2012 Forward Framework Presented by Dave Olsen

  19. Challenges

  20. Communication Framework • Real time MeF world of expectations • Key Principles • Transparency • Timeliness

  21. Communication Framework • Proposed Definition of an Event Interruption of a process for over x minutes…

  22. Communication Framework Communication Process Foundation • Leverage industry front-line with • Taxpayers • Preparers • Initial Alert / Hourly Updating • Internal / External Channel Consistency • Data Availability

  23. Objectives • Build on planning process successes • Long term – “Dashboard” • Partner and move forward