Lynn Nichols provides this week’s update on major tax issues. They include:

• Revenue Procedure – the IRS increased user fee for many of the private letter rulings. For example, a change in accounting period fee has gone from $1,500 - $3,200 account methods. Remember that a private letter ruling for a business or individual with gross income < $250,000 is still only $625.
• IRS released Fact Sheet #19 – Employment Taxes
• US Bankruptcy Court decision on bankruptcy of Lynda S. Surgent in the Eastern district of Kentucky.
• Letter Ruling 2008-01009 on consequences in a disclaimed interest in a marital trust.
• IRS released FAQs regarding privacy issues.
• Nina Olsen - Tax Payer Advocate, released a lengthy report to tax writers with 26 serious problems encountered by tax payers.
• And more…