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My Tax Blog

  • Does opening a tax office really mean working only 4 months per year?

    Does opening a tax office really mean working only 4 months per year? The simplest answer is probably not.  Can you earn a living wage salary in only 4 months? Yes, a seasonal tax preparer can earn a living wage salary in only 4 months, but that doesn’t mean that all the work stops after April. Some […]

    10 Dos and Don’ts of Starting a Tax Preparation Business

    Dos: 1. Find tax software that meets your needs. Do you need the ability do corporate returns or other special module types of returns? Do you need the ability to prepare prior year returns? Generally speaking, additional years and specialty modules are not included so be mindful of what you are actually getting in your […]

    Check Cashing Guidance

    The last few days the IRS released its largest funding ever. While our systems are functioning properly there may be times over the next 24-48 hours where delays are experienced due to high traffic on our Interactive Voice Response (IVR) check verification system. In order to streamline your customer’s experience with tax check cashing, we’d […]

  • Taxpayer Protection and Preparer Fraud Prevention Act of 2013

    Over the past few years we’ve seen the number of cases of fraud go from an occurrence that happened to “someone we know” to something that you can’t avoid reading or hearing about. It’s happening to hundreds of thousands of people in many different forms, but one of the most common forms in the tax […]

    IRS Closing for 5 days Due to Furloughs

    Due to budget cuts and sequestration, the IRS will be closing down all of its operations for 5 days, one at a time, from now to August. This will include all operations, including the call centers. The goal is to save money on utilities and man-power on slower days. Keep in mind that the IRS […]

    1 More Day to Timely File Rejected Returns

    Just a reminder that tomorrow, 4/20/2013 is the last day to timely file returns that were previously rejected. Also, be sure not to cause undue alarm to your clients that are getting refunds; there is no late filing penalty for filing a return after 4/15 if you are claiming a refund!  

    It’s Begun! Beware of Fake IRS Emails!

    Today I received an email, claiming to be from the IRS, stating that there was an additional sum of money to be refunded.  As a tax professional, I know I did my taxes right, but for those unaware of the system or too trusting of emails, this could be incredibly detrimental. Remember that the IRS […]

    Stop Procrastinating, April 15 is One Week Away! Time to File!

    Just a friendly reminder that tax season will NOT be extended even though it began late. You will have until April 15th, which is next Monday, to file your taxes or file an extension. Remember that if you paper file, your return must be postmarked by the 15th to be considered “timely,” and filing an […]

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