Ah, Tax Day. This date in April is often dreaded, but knowing when you need to file your tax return is key to avoiding potential penalties and maximizing your refund. In this post, we’ll go through everything you need to know about…
Displaying: Tax Preparer Regulations
Tips for CTEC registration and renewal for tax preparers in California
What does CTEC mean? Who are exempt tax preparers in California? Exempt preparers include: California Certified Public Accountants (CPAs) Enrolled Agents (EAs) Attorneys who are members of the California State Bar Specified banking or trust officials Learn more at the CTEC website…
AFSP is Truly the Minimum Standard for Tax Preparers
It’s amazing that tax preparers are not federally regulated. You need a license to cut someone’s hair, but in most places within the U.S., you don’t need a license to prepare someone’s tax return. As tax preparers, we should all strive to…
Top 6 Most Frequently Asked Questions About Becoming a Tax Preparer
We talk with people every day about what it takes to become a tax preparer. Here are the most frequently asked questions (FAQs) we get on becoming a tax preparer. What sort of education do I need to become a tax preparer?…
Tax Laws and Updates to Know Before the 2020 Filing Season
Tax season is almost upon us! Have you read up on the new laws and changes that will affect clients? Here are some things to know going into the season. Further Consolidated Appropriations Act In order to avoid a government shutdown, the…
PTIN Fees: Will They or Won’t They?
It’s officially PTIN time. As of October 16th, the IRS has opened up Preparer Tax Identification Number applications and renewals for the season. This year, there is no fee for obtaining your PTIN, however don’t mistake that for not needing one. If…
Are You Talking to Your Business Clients About Tax Reform?
According to a survey by the National Association of the Self Employed, 83 percent of small business owners feel as though they don’t understand how the Tax Cuts and Jobs Act will impact their business. Being able to translate precisely how the…
4 Stories Every Tax Preparer Should Be Paying Attention To
There’s been a bit of a shake up in the tax industry the past couple of weeks! Lots of changes are being made (or trying to be made) that could have serious impacts on our roles as tax preparers and tax business…
Don’t Miss This Crucial Step In Gaining Your Record Of Completion
If you’re currently trying to gain your IRS Record of Completion, the IRS wants to make sure you don’t miss a step. Have you completed the requirements of the AFTR program? Did you completed the required continuing education by Dec. 31, 2015? Have you…
Pre-Tax Season Update
The Income Tax School partnered with Accounting Today recently to hold a Pre-Tax Season Update webinar for tax preparers looking to ready themselves for the end of the year and the upcoming season. In case you missed it, here are our presentation slides as well…
The Advantages of Taking the IRS Annual Filing Season Program
The IRS launched the voluntary Annual Filing Season Program last year as a way to “encourage continuing education (CE) and filing season readiness.” According to an IRS release, 44,000 tax return preparers participated in the program this year. Did you? If you…
2015 Tax Season Preview – Webinar
Did you miss the 2015 tax season preview webinar we did with Accounting Today? You’re in luck! We’ve got the entire webinar for viewing on our YouTube channel. The session included the latest on: Tax legislation IRS regulations New tax technologies Staffing…