of Professional Accountants
IR-2021-141, June 30, 2021
WASHINGTON — The Internal Revenue Service today continued its "Dirty Dozen" tax scams with a warning for people to watch out for predators using tax-related schemes ranging from fake charities to scams targeting seniors and immigrants.
The IRS continues to see a group of ruses by dishonest people who trick others into doing something illegal or which ultimately causes them harm. Predators encourage otherwise honest people to do things they don't realize are illegal or prey on their good will to take something from them.
The IRS has ended uncertainty over the upcoming expiration date of temporary relief of the physical presence requirement for participant elections, providing another extension.
IRS Notice 2021-40, 2021-28 IRB 1, released June 24, provides a 12-month extension of the temporary relief from the physical presence requirement in reg. section 1.401(a)-21(d)(6) for participant elections that must be witnessed by a plan representative or a notary public.