For many people, entering into the tax business is not something they decide to do straight out of college – it’s something they discover at a certain point in their life. This fact holds true for even our founder and CEO, Chuck…
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IRS Cancels July 22 Furlough
As of an announcement today, the IRS will be open on July 22nd. Previous to today they had planned to be closed to cut costs. Here’s what they had to say: WASHINGTON — The Internal Revenue Service is canceling the furlough day…
Why You Should Take Continuing Tax Education Courses This Summer
Just like with anything in life, the more you know, the better prepared you will be and the more tools you will have to perform your job. As a tax preparer, your knowledge of the ever-changing tax code is critical to performing…
IRS Online PTIN System Enhanced
IRS recently made some enhancements to the online PTIN system. Below is an overview from the IRS Return Preparers Office. “We’ve made a number of improvements to your online PTIN Account to expand its functions: – “Manage My Account” is fully functional…
The Tax Industry is Changing…How Will You Survive?
Most simple returns will be self-prepared or handled by volunteer preparers and, probably also by the IRS. Anticipating this trend, over the past 7 years we have phased out virtually all of our “Fast Refund” offices and we will be going into…
Did you attend an IRS Tax Form in 2012?… Do you plan to attend an IRS Tax Forum in 2013?
IRS Nationwide Tax Forums are scheduled this July-September in Orlando, Dallas, New Orleans, Atlanta, National Harbor, MD (DC area) and San Diego. There will not be Tax Forums in New York City or Las Vegas this year. Will the uncertainty of the…
Congressmen Discuss IRS Authority to Regulate Tax Preparers
http://www.accountingtoday.com/news/Senateors-Tax-Reform-Tax-Preparer-Regulation-66136-1.html
IRS Will Not Make the RTRP Voluntary
According to NATP, if the RTRP injunction is not lifted and the IRS does not win the appeal, IRS does not plan to make the RTRP voluntary due to contractual obligations.
Do you think the IRS will win its appeal of the Loving Case court ruling?
Will the Loving Case court ruling that resulted in an injunction requiring the IRS to shut down the RTRP and CE Preparer Regulations be overturned? If not, what do you think the IRS will do.
IRS Has $917 Million for People Who Have Not Filed a 2009 Income Tax Return
IR-2013-29, March 14, 2013 WASHINGTON — Refunds totaling just over $917 million may be waiting for an estimated 984,400 taxpayers who did not file a federal income tax return for 2009, the Internal Revenue Service announced today. However, to collect the money,…
IRS Bids to Reinstrate Tax Preparer Regulation
According to an Accounting Today article, the Internal Revenue Service has filed notices with a federal district court and appeals court of its intention to appeal a judge’s ruling that struck down the mandatory testing and continuing education requirements of its Registered…
The IRS does not initiate contact with taxpayers by email to request personal or financial information. This includes any type of electronic communication, such as text messages and social media channels.
as text messages and social media channels. The IRS does not initiate contact with taxpayers by email to request personal or financial information. This includes any type of electronic communication, such as text messages and social media channels. What is phishing? Phishing…