E-filing will shut down for the year on November 20th, 2021. If you have returns waiting to get filed, you still have plenty of time. Be mindful that there is no “grace period” for the shut off. Once it’s off, it’s off until it’s turned back on in January. https://www.marketingexpress.irs.gov/systems-status/system-status-mef/modernized-efile-mef-operational-status
You can get or renew your PTIN for 2022 on the PTIN system. The PTIN renewal fee for 2022 is $35.95 Go to irs.gov/ptin
The new Advance Child Tax Credit 2021 monthly payments are scheduled to start going out next month, on July 15th. Receiving these advance payments will reduce taxpayers’ credits traditionally on next years tax return filings. We have been getting quite a few questions on how to assist taxpayers wanting to opt-out of receiving these payments, […]
What is an IRS enrolled agent? Enrolled agent status is the highest credential that the IRS awards to tax professionals. Individuals who achieve this designation have expanded abilities to help taxpayers, much like those of CPAs or attorneys. The tax code is constantly changing, but it is certainly not simplifying. Even after IRS Enrolled Agents […]
How often does your tax office do an inventory of its efficiencies? Tax office efficiency sounds like an afterthought, but when you analyze the operational constraints that impact your efficiency, you may be able to improve office efficiency and discover areas that in turn save you time and money. Many tax offices struggle with too […]
The IRS has reopened phone lines and says that they expect an increased demand in phone services. Due to the back log of work due to the government shutdown, the Service politely requests that you wait to call or contact them based on the severity of your situation. The service expects to be caught up […]
When asked about the status of the 2014 PTIN, the IRS stated, “Due to the lapse in government funding, the 2014 PTIN renewal season is delayed. An email or letter will be sent to all current PTIN holders notifying you when the 2014 renewal season opens. The online PTIN system is still available for users […]
The government reopens! All governmental bodies should be open after the end of the shutdown and congress goes back to work. While offices are open, there is now a backlog of work for these governmental departments and workers, so keep in mind that call times could be longer than normal, even hours. IRS phone lines […]
According to a report by TIGTA (requested by the IRS Oversight Board to determine its efficiency in using the existing requirements and penalty regime that applies to unenrolled paid tax return preparers) there are several areas where the IRS could improve. The overall objective was to determine whether controls are in place to ensure […]
The IRS is appealing the court’s decision in the case of Loving vs the IRS. While their defense calls upon an 1884 law, the judges were noted to have been “engaged.” There is no doubt that this ability for the IRS to regulate preparers is long over due and much needed, but if this appeal […]