IPO training site is still down from the weekend maintenance and the roll over to the 2012 version.  Have no fear, the website is scheduled to be up tomorrow morning and it will be the new 2012 version. In the mean time, if you’re dying to practice you can do training in live IPO for […]

Federal Direct will be closed on November 22nd, 23rd, & 24th in observation of Thanksgiving. The office will reopen on November 26th at 9 am. Have a wonderful holiday! Things for which we are thankful: 1. You (..and you really look nice today!) 2. Corn (creamed or regular, we’re not picky, but creamed is way […]

TIGTA found that more than 65,300 bank accounts had multiple direct deposits, accounting for more than 949,000 refunds for approximately $1.6 billion, some of which belong to IRS employees. What does this mean?  Essentially, this means that 65,300 preparers may be shifting money from his or her client’s refund to the preparer’s own bank account. […]

It is now preparer tax identification number (PTIN) renewal season. Please renew your PTIN by the end of the year. Before you begin the PTIN requirements process, be sure to review the list of information you will need for getting a PTIN. Logging Into Your Online Account You will notice some changes when you log […]

For the upcoming tax year the annual exclusion for gifts rises to $14,000 for 2013, up from $13,000 for 2012. Any monetary, or tangible gift with FMV, of less 14 thousand dollars does not require a gift tax return to be filed nor is the recipient required to pay taxes on that gift, so let’s […]