If you own a tax business, you may have encountered taxpayers who have no bank account. In financial arenas these folks are referenced as “the unbanked.” These clients are the taxpayers who may request a refund transfer check or, if they are able to pay up-front, may request a tax refund check from the IRS. […]
In our current economy, finding a standard 9-5 job is not as easy as in decades passed. Even when working a standard 9-5 job, many people still supplement their income with side jobs or “gigs”. Given the rise of technology, many of these jobs are done through the service […]
Owning a tax preparation business can be rewarding and lucrative, but it can also be challenging to establish yourself as a reputable tax preparation office in your area. After working hard to become the expert tax preparer that you now are, it’s time to ensure that your professional habits are just as well-defined as your […]
Building a strong online presence for your tax office is very important. One of the main benefits of having cultivated a strong online presence for your tax office is that it will help people find your business. Maintaining consistent messaging across your online properties will help keep your customer base informed on your business activities […]
With the passing of HR1, also known as One Big Beautiful Bill Act or OBBBA, there are several new tax items that may impact your clients in the coming year, there are changes to provisions from TCJA, all new provisions, and there are retroactive changes to current tax law. One of the changes to a […]
For taxpayers who had previously requested extensions, the tax filing deadline is approaching. The filing deadline is October 15th and the IRS suggests that returns are e-filed as it is the easiest, safest and most accurate way to file, but if you chose to paper file, be sure that the tax return is postmarked by […]
EPS Last day to apply 10/15/18 Last day to print in office 10/31/18 Checks go stale 10/31/18 TPG & PSCOM Last day to apply 10/20/18 Last day to print in office 10/31/18 Checks go stale 11/30/18
After the IRS created the Registered Tax Return Preparer program based on licensing of tax preparers they were sued. In court, and in appeal, they were not found to have statutory authority to regulate unenrolled preparers. Senator Rob Portman has introduced a new bill that would grant the IRS the authority that they need to […]
The IRS has released some very helpful videos with tips on how to maintain, monitor, and protect your EFIN. https://youtu.be/iXb0_ElZYdQ
With the passing of the Tax Cuts & Jobs Act, many tax laws will be changing. The tax law changes will not be represented on the Enrolled Agent Special Enrollment Exams until next year. If you can find the time and motivation to complete your Enrolled Agent exams between May 1, 2018 — February 28, […]
Disclosure authorization and electronic account resolution programs will be closing as previously scheduled on August 11th, 2013. Over 4,000 tax pros have signed petitions urging the service to reconsider, to no avail. As it looks at this point be sure to get your POAs and document request forms filed ASAP, before these time saving services […]
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!
There are more than 11 million taxpayers who have requested an automatic six-month extension this year and have yet to file. October 15 is the deadline, but there are exceptions. There are always exceptions. Are you serving in Iraq or Afghanistan or a combat zone? If so, you can stop reading, but the majority of […]
Amending Returns & Working With Form 1040X Join us for a Webinar on September 20 Space is limited. Reserve your Webinar seat now at: https://www1.gotomeeting.com/register/389913072 This course will cover amending individual tax returns and working with IRS form 1040X. We will review amending returns you initially prepared and also returns initially completed by other tax […]
This notice is particularly for Certified Acceptance Agents. Hopefully, you all have kept appropriate documentation on returns which had W-7 applications for an Individual Taxpayer Identification Number. The word on the street is that the IRS is taking a sample pool of ITINs per CAA and investigating the appropriateness of the work done. By that […]