The following Prepared Remarks of IRS Commissioner Douglas H. Shulman to the CERCA meeting on October 12th describe the progress made by the IRS through the use of technology since the inception of e-Filing to improve service to US taxpayers. The Commissioner…
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New IRS Regulations Boost Tax Preparation as a Career Opportunity
Main Campus ♦ 10120 West Broad Street, Suite A ♦ Glen Allen, VA 23060 ♦ 800.984.1040 FOR IMMEDIATE RELEASE The Income Tax School, Inc., Richmond, VA Contact: Maureen Scott mscott@TheIncometaxSchool.com (800) 984-1040 September 16, 2011 – According to Chuck McCabe, CEO of…
My Memory of the World Trade Center
In the fall of 1981, 20 years before 9/11, I graduated from the XMBA program at Pace University in Manhattan (my birthplace). Our morning graduation was held in the Pace Schimmel Center at the foot of the Brooklyn Bridge. Several larger XMBA…
IRS RTRP Exam Update
I spoke with Prometric in the Exhibit Hall at the IRS Tax Forum in Atlanta and they advised that the IRS Exam will be live this October. This was also confirmed in a seminar by the IRS. IRS has still not…
Should you get out of the ‘fast refund’ business?
If you are an independent tax business owner who is capable of preparing complex tax returns, the answer may be “Yes”. The latest proposal is for IRS to develop its own free tax preparation software to “cut-out the middle man” (tax preparers). …
IRS Urged to Provide Its Own Tax Software
Click to view full article at AccountingToday for the Web CPA
Payroll Tax Cut to Boost Take-Home Pay for Most Workers
From the IRS Newsroom: WASHINGTON ― On Dec. 17, 2010, The Internal Revenue Service released instructions to help employers implement the 2011 cut in payroll taxes, along with new income-tax withholding tables that employers will use during 2011. Millions of workers will…
Jackson Hewitt gets 80% RAL funding, shares soar
(Reuters) – Jackson Hewitt Tax Service Inc (JTX.N) said it could fund 80% of its refund anticipation loan (RAL) program and would secure a longer-term covenant waiver with its lenders, sending the company’s shares up 35%. Jackson Hewitt said it amended an…
IRS Announces New Member for the Electronic Tax Administration Advisory Committee
The following is a press release from the IRS: WASHINGTON — The Internal Revenue Service today announced the selection of seven new members and a chairman for the Electronic Tax Administration Advisory Committee (ETAAC). ETAAC provides an organized forum for discussion of…
Virginia Community College System to Provide Tax Preparer Training through The Income Tax School of Richmond, VA
Required IRS Tests and Annual Continuing Education Will Increase Demand for Tax Courses & Seminars On January 4, 2010 the IRS announced its decision to regulate tax preparers and require competency tests, plus annual Continuing Professional Education (CPE). According to the IRS, higher…
IRS Removes Debt Indicator for 2011 Tax Filing Season
IR-2010-89, Aug. 5, 2010 WASHINGTON — The Internal Revenue Service today announced that starting with next year’s tax filing season it will no longer provide tax preparers and associated financial institutions with the “debt indicator,” which is used to facilitate refund anticipation…
Lesson 3: Return to Formal Education
Here’s my 3rd video in the Lessons Learned series in which I talk about the key lessons I’ve learned throughout the course of my professional career. In this video, I talk about the circumstances that led to my return to formal education…