Tax News

CCH (cch.taxgroup.com) reports:

The IRS has announced a new electronic PIN signature requirement for electronically filed returns beginning in 2008. In a move toward truly paperless filing, the IRS is eliminating the need for sending a paper signature document for e-filed returns by requiring the use of a self-selected PIN or a practitioner PIN. Taxpayers can select a five-digit PIN and Electronic Return Originators (EROs) can use a practitioner PIN when filing electronically. Practitioners will no longer send Form 8453, U.S. Individual Income Tax Declaration, for an e-filed return. Instead, EROs will use new Form 8879, IRS e-file Signature Authorization, which they are required to retain in their files. The IRS anticipates the new system will simplify e-filing for individuals, as well as IRS record keeping.
IR-2007-130, 2007FED ¶46,548
Other References:
Code Sec. 6011
CCH Reference - 2007FED ¶35,141.47
Code Sec. 7513
CCH Reference - 2007FED ¶42,702.13
CCH Reference - 2007FED ¶42,702.14
Tax Research Consultant
CCH Reference - TRC IRS: 6,050
CCH Reference - TRC IRS: 6,072