The busy season is right around the corner. Wondering what’s in store for you as a tax preparer? Below is the Tax Season Preview we presented to preparers through Accounting Today. 2015 Tax Season Preview from Chuck McCabe Here are some…
Displaying: Tax Preparer Regulations
Class Action Lawsuit Against the IRS for PTIN Fees
The IRS’ authority is once again being questioned. This time it’s over the Preparer Tax Identification Number (PTIN) fees that you are required to pay annually in order to prepare returns for compensation. This class action lawsuit is being filed by a…
Affordable Care Act Updates Tax Preparers Should Know About
As we make our way towards the 2015 tax season, the Affordable Care Act and how it will affect the upcoming season seems to be coming clearer… little by little…. While there are still a number of questions to be answered, we…
A Sneak Peak At What’s Covered in the IRS Annual Federal Tax Refresher Course
If you are an unenrolled tax preparer, you are most likely weighing your options on whether or not to take the Annual Federal Tax Refresher Course (AFTR). You’re probably also wondering what you’ll learn and be tested on. The AFTR is a…
Tax Pros: Are You Ready To Go Back to School?
The kids are going back to school today, which means you should too! As a tax preparer there are certain Continuing Education requirements you must meet and a new certification program from the IRS you should consider if you are an unenrolled…
Is the IRS Annual Filing Season Program Lawful?
On July 15th, the AICPA (American Institute of CPAs) filed a federal lawsuit against the IRS in-order to halt the IRS’s recently introduced Annual Filing Season Program. The complaint has three counts and aims to declare the rule implementing the program unlawful…
Why You Should Get Your Annual Filing Season Certificate
Right on the heals of the AICPA’s (The American Institute of CPAs) letter to the IRS about the “unlawfulness” of a proposed voluntary tax preparer certificate program, the IRS has announced that they will be implementing an “Annual Filing Season Certificate (AFSC)”.…
IRS Announces Voluntary Certification Program
IRS News Release: New IRS Filing Season Program Unveiled for Tax Return Preparers Voluntary program to focus on continuing education for unenrolled preparers IR-2014-75, June 26, 2014 WASHINGTON – The Internal Revenue Service announced today that guidance will soon be issued outlining…
Will Tax Preparers Be Regulated in the Future?
The RTRP debate is not a new topic within the tax industry. It started on January 1, 2011 with the IRS’s enactment of new IRS Preparer Regulations requiring registration, testing and annual continuing education for previously unregulated tax preparers who prepare tax…
How to Study for the Enrolled Agents Exam
Becoming an Enrolled Agent is essential if you want to advance your career as a tax preparer. IRS Enrolled Agents are unrestricted as to which taxpayers they can represent, the types of tax matters they can handle, and which IRS offices they…
Loving v. IRS: What to Know
UPDATE TO THIS ARTICLE: A federal court ruled that the IRS does in fact have the authority to provide tax credits to individuals purchasing health insurance on the health insurance exchange. Get the full story on Accounting Today here. ———— While the…
The Affordable Care Act: What You Should Know as a Tax Preparer
As we draw closer to 2014, the media continues to increase their coverage on the Affordable Care Act and how this round of implementations will affect people. For the uninsured, the Affordable Care Act means that they will have to begin the…