Transcript Slide 1

Tax Executives Institute, Inc.
Regions V & VI IRS Liaison Meeting
Houston, Texas
May 14, 2012
Paul Curtis
Field Specialists
Director, Field Operations West
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Objectives
• Organizational Structure & Roles
• Research and Experimental Credit (R&E)
• Capitalization to Repair (C2R)
• Employment Tax – Voluntary Compliance
Settlement Program (VCSP)
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Organizational Structure & Roles
David Horton
Director, Field Specialists
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Paul Curtis,
Stephen Whiteaker
DFO, Field Specialists West
DFO, Field Specialists East
Organizational Structure & Roles
Paul Curtis
DFO, Field Specialists West
Employment Tax
Engineering
All Field Specialist
Employees in the Western U.S.
and all Employment Tax
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Research and Experimental Credit
The 3 R’s
• Risk Analysis
• Resources
• Real Life Realities
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Capitalization to Repair (C2R)
• Temporary Regulations issued
December 23, 2011
• Current Direction
• Resources
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Capitalization to Repair (C2R)
• Examination of Tax Years Beginning
before January 1, 2012
• Examination for Tax Years Beginning on or
after January 1, 2012 but before January
1, 2014
• Examination for Tax Years Beginning on or
after January 1, 2014
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Employment Tax
• Voluntary Classification Settlement
Program (VCSP)
– Provides partial relief from federal
employment taxes for eligible taxpayers that
agree to prospectively treat workers as
employees
• Eligibility
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Employment Tax
• Announcement 2011-64
• Form 8952, Application for Voluntary
Classification Settlement Program (VCSP)
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Questions & Answers
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