|
 |
IRS to Raise Some User Fees in 2006 Dec. 20, 2005 The Internal Revenue Service announced increases in selected user fees for 2006. The new fee structure will more accurately reflect the costs of processing various applications, ruling requests and opinion letters, the agency said. The fee increases affect a limited population of taxpayers and tax-exempt entities with technical questions or procedural issues. User fees will be effective Feb. 1, 2006, with some exceptions. Among the changes, the fee for IRS Chief Counsel private letter rulings will increase from $7,500 to $10,000. The fee for requests for changes in accounting methods for businesses will increase from the previous $1,500 to $2,500. For corporate taxpayers, the cost of a pre-filing agreement will increase from the previous three-tiered structure, which was capped at $10,000, to a new flat fee of $50,000. For employee plans, fees for opinion letters on prototype IRAs, SEPs, SIMPLE IRAs and Roth IRAs, which were previously $125 to $2,570, will now range from $200 to $4,500. Fees for exempt organizations rulings, which previously cost $155 to $2,570, will now range from $275 to $8,700. Some other user fees in the exempt organizations and employee plans area will increase July 1. For example, user fees for exempt organization applications and requests for group exemption letters, which currently range from $150 to $500, will increase to $300 to $900. For more information:
|
|
|
|||||||||||||||||||
|
||||||||||||||||||||||
|
|
||||||||||||||||||||||
|
||||||||||||||||||||||
