Is your tax firm cybersecure? Are you following the best practices to ensure that your business and client information is protected? Cybercriminals are on the prowl. No matter what the IRS and other tax software companies do, they are always trying to…
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Celebrating 31 Years in the Tax Business
We’re excited to announce that on September 1st, The Income Tax School will be celebrating it’s 30th Anniversary! That’s right, we’ve been teaching taxes and opening the door to tax business ownership for 30 years. What many people don’t know, is that…
IRS to Virtual Currency Owners: Pay Up
Time to open up your [virtual] coin purses and pay up! The IRS is done with the warnings and is ready to collect. They’ve been collecting information and doing research since 2018. Back in March of 2018, they convinced Coinbase, one of…
Advocating for the EITC and a Tax ‘Subway Map’ in Latest IRS News Release
In a straightforward, plain-talking news release (which is refreshing from the IRS), the Taxpayer Advocate Service (TAS), an independent organization within the IRS that helps taxpayers and protects taxpayer rights, released two important items: A special report on how better to administer…
Tax News Recap: CPA Wins, Changes in California, E-File Fraud and More
Wind in your hair and sand between your toes, that’s how most people would describe their Summer vacation. But a Tax Pro’s job is never done! Here’s what’s been happening in the tax world this July. IRS Tax Forums Underway The IRS…
Critical Security Best Practices
The IRS recently released a new “Taxes-Security-Together” Checklist with their Security Summit partners. The list is to help tax professionals review critical security steps to ensure they are fully protecting their computers and email as well as safeguarding sensitive taxpayer data. Although…
The 3 Most Misunderstood Parts of Setting up Your Tax Prep Business
If you’re doing it right, a lot goes into setting up your own tax preparation business. (Yes, it can be daunting, but that’s why we take you through it step-by-step beyond just learning HOW to become a tax preparer.) However, by far,…
How AI Is Reshaping the Accounting Industry
Artificial intelligence is on the rise and affecting all industries globally, including accounting. Artificial intelligence is all about extending what the computer is capable of doing to another level. It allows systems to make predictions and changes accurately, similar to human beings.…
Writing academic work on the Internet portal writemypapers.org according to your wishes
Writing complex academic papers is relevant for every modern student. Academic work is an independent work of a student, shows his ability to use the knowledge gained while studying at university, to use scientific literature, actively work with it, clearly analyze and…
Become an EA
Your Pathway to Become an Enrolled Agent:
Take the Summer to Prep for the Enrolled Agent Exam
Do you HAVE to become an enrolled agent with the Internal Revenue Service (IRS) in order to be a tax preparer? No. All you really need to prepare taxes is to obtain a Preparer Tax Identification Number (PTIN) from the IRS (as…
Tax News Recap: Gifts, Grifts, & Data Shifts
As the old adage goes, April showers bring May flowers. That especially rings true in the tax world! With Tax Season 2019 officially in the books, tax pros finally have some time to stop and smell the roses. Whether you’ve been relaxing,…