The IRS announced that they will be continuing their “Knock and Talk” EIC preparer education program, along with sending compliance letters, initiating preparer due dilligence audits, and requiring additional information be attached to all returns claiming EITC.  Prepareres will not notice much differece in the preparation process as now the tax preparation software will submit the EITC checklist […]

Provisional PTINs: available through 4/18/2012.  This means that you WILL be able to get a PTIN prior to completing the preparers examination up to this date.  If you already have a PTIN, you will need to renew that PTIN for a fee of $64.25 after October 15th, 2011 for the coming tax season.  You will […]

For anyone who has not heard the deadline for avoiding having to take the RTRP Examination until December 2013 is October 1st.  Federal Direct can assist you get your PTIN now, but if you delay, you will experience multiple additional charges and an examination before you can preparer taxes this year!  If you do not […]

The IRS released statistics showing total filing figures for the country along with individual state statistics also. One of the most notable statistics reported was that there was nearly 2 million (1,730,061) fewer tax returns filed for the 2009 tax year versus the 2008 tax year. Many sources relate this to the economic downturn in […]

It takes approximately 1 year for the IRS to tabulate and release statistical information related to tax filings.  They have just finished compiling tax and demographic information for the 2009 tax year, filed starting January of 2010.  This year should be of significant relevance as it is the first set figures relating to the recession […]