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My Tax Blog

  • Tips on Basic Online Security & Identifying Tax Related Email Scams

    Start by knowing that the IRS or software vendor will never ask you for your personal information and security questions via email. Please take some time to read our online information security tips below.  Always be suspicious of unexpected emails, even if it appears to come from a legitimate source.  Triple check emails before ever […]

    Alert: Watch for Scam/Phishing Emails!

    Please be on the alert for fraudulent email messages requesting sensitive personal and business tax information.  These emails can appear to come from many different sources pretending to be the IRS, Federal Direct, State Departments of Revenue, Tax Software Companies, etc.  One such recent IRS tax scam email has been identified as coming from a […]

    ITIN Credit Rules Enforced. Here are some tips.

    No, an ITIN holder cannot claim credits for back year’s returns. The law changed in Dec. 2015 with HR2029.  This means no Child Tax Credit or American Opportunity Credit (among others) for any year beyond a current and timely filed tax return. If you file late, as in after April 15th, you will NOT get […]

    PTIN System Open and Free

    Today, the IRS re-opened the PTIN System and is again issuing PTINs. Since the IRS is enjoined from charging a fee, it will issue the PTINs at no cost to the preparer. If you currently have a PTIN, you can now log into your account to make changes and view CPE information as normal.

    Email Scam Targeting IRS E-Services Users

    Another IRS scam email has been plaguing the tax preparation industry for months now, scammers have crafted a fake IRS s-services page that is identical to the real one. They blast password expiration/reset emails to everyone who has a PTIN as that info is open information and many PTIN holders are also EROs or hold active […]

  • EITC Fraud Continues to Vex IRS

    It is estimated that the IRS erroneously paid out 11 to 13 BILLION dollars in EITC.  The IRS thought forcing preparers to send in the 8867 Due Diligence worksheets would put “a dent” in the fraud. The number of fraudulent/erroneous EITC payments has gone down 2-3 billion compared to last year’s numbers. Have your own […]

    Have a Great Idea? Tax Reform Committee Wants Your Opinion & Ideas!

    It’s here. You can stop waiting now. The age where the online socio-political arena is just as important (and way more volatile) as real life has finally come. Of course, there are benefits and drawbacks. Everyone knows the internet makes it easier for a person to say what he or she really thinks which leads […]

    Information on RTRP Refunds Finally Released!

    There has finally been some information released regarding refunds for RTRP Exam fees. Requests for refunds can only be made by phone to Prometric directly at the 855.477.3926.  You must speak with to a customer service representative, and they can complete & initiate a refund request.  The refund review process can take up to 60 […]

    Lauryn Hill Convicted of Tax Evasion & Compares It to Slavery…

    Singer/Songwriter Lauryn Hill has been sentenced to three months in prison and three months of home confinement for failing to file tax returns for five years and not reporting more than $2.3 million in income. In addition to being a singer and actress, Hill owned and operated four S corporations, and her primary source of […]

    Late Tax Filers May Qualify for Abatement of Penalties

    The IRS has a program called the First Time Abate which allows for a taxpayer to have the late filing penalties waived. The IRS abatement of penalties only applies if the taxpayer has been compliant for the past three years. This means paying on time, filing on time, etc. This also includes the penalty for […]

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