Revised regs relieve corps, promote e-file.The IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. has rolled out several regulatory revisions to relieve re·lieve v. 1. To cause a lessening or alleviation of something, such as pain, tension, or a symptom. 2. To free an individual from pain, anxiety, or distress. businesses and shareholders of excessive reporting obligations, while making it easier to e-file For US IRS electronic tax filing, see . EFILE is the system used by the Canada Revenue Agency as a means for electronically transmitting tax returns. EFILE is only available to professional tax prepares and is not to be confused with the publicly available NETFILE. . The changes apply to more than 20 regulations involving corporate and shareholder reporting requirements, including rules governing gov·ern v. gov·erned, gov·ern·ing, gov·erns v.tr. 1. To make and administer the public policy and affairs of; exercise sovereign authority in. 2. corporate transactions, such as mergers, spin-offs and liquidations. The revised regs also eliminate several requirements for taxpayers to provide signatures. For more info, visit www.irs.gov/newsroom/article/0,,id=15772,00.html. |
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