Tax Preparation Industry News

IRS Sends Letters Due to Schedule C Mileage Errors, Suggests Education Visits

The IRS will be sending out approximately 5,000 letters to tax preparers of all designations who filed tax returns with…

14 years ago

Californian CTEC Preparers, Renewal is Due in 9 Days!

Below is a list of dates with corresponding late fees. Don't forget these late fees are IN ADDITION to the…

14 years ago

PTINs for 2013 are Ready for Issuance.

The PTIN renewal and registration for 2013 are now available. Regulations require all paid tax return preparers obtain a Preparer…

14 years ago

IRS Taking Action Against Fraud Potential in EIC & AOC

The IRS has been working with the Treasury Inspector General for Tax Administration (TIGTA) to make improvements to the tax…

14 years ago

Fiscal Cliff & “Taxmageddon” Approach with Expiring Tax Credits

There are more than 30 different tax breaks set to expire at the end of 2012. Nearly everyone will be…

14 years ago

Fiscal Cliff & Taxmageddon or Fear Mongering? Probably the Latter…

A couple of weeks ago we wrote about the "Fiscal Cliff", tax provisions set to expire at the end of…

14 years ago

Updated: IRS will shut down 1040 e-filing on November 23rd

The IRS will officially shut down all 1040 e-filing for the year on November 23rd. Legacy e-filing ended last month,…

14 years ago

Sickness NOT Enough To Beat Late Filing Penalties

A woman with a plethora of health problems made several large taxable gifts to her daughter, but failed to make…

14 years ago

Important Update: Finalized ITIN Regulations

Today, the IRS released updated procedures to strengthen the Individual Taxpayer Identification Number (ITIN) program. The IRS has decided to…

14 years ago

Important 2012 Form Changes on 8812, 8867 & 8863

The IRS has recently made changes to various forms that are not related to the upcoming legislation. Several forms that…

14 years ago

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