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My Tax Blog

  • Another Tax Relief Company Goes Down.

    Yet another tax relief company now faces the long arm of the law after having been found guilty of challenged practices including fraudulently misrepresenting the company services in order to con more people. The FTC is mailing out 16 million dollars to over 18 thousand former clients of American Tax Relief. Apparently, each consumer will […]

    Tax Bill to Prevent Tax Refund Theft

    The Senate Finance Committee has introduced bipartisan legislation to improve protection for taxpayers against fraudulent tax refund claims made with stolen identities. The refund theft tax bill includes new assistance for taxpayers who have been victims of identity theft and requires the Internal Revenue Service to establish a new security feature that individuals can use […]

    New York Suspends Preparers & Tightens Rules

    It’s the biggest city in the nation, so reasonable it would have a proportionally higher crime rate, right? Yes, even for taxes. New York state recently sent out 56 tax suspension letters. 40 preparers seem to have accepted the judgement and the other 16 preparers are challenging the action. Due to the increased tax-related crimes, […]

    New Tax Preparer Annual Filing Season Certificate

    The IRS is at it again… Since they were shut down on their authority to mandate all tax preparers get continuing education and take a competency test, they have now developed a “voluntary certification” that preparers can opt into.  The program is called the Annual Federal Tax Refresher Course; and yes, successful completion of the […]

    Tax Preparation for Immigrants – The Rules Change Again…

    Just as quickly as we update our ITIN materials and guidelines the ITIN policy office within the IRS has changed their stance yet again! Just released: ITINs (Individual Taxpayer Identification Numbers) will expire after 5 consecutive years of non-filing use.  This is a change from the services’ previously stated policy of automatically expiring ITINs after […]

  • Sickness NOT Enough To Beat Late Filing Penalties

    A woman with a plethora of health problems made several large taxable gifts to her daughter, but failed to make the gift tax return by the filing date. The woman was down with pneumonia and heart palpitations. She had cataract surgery and knee replacement surgery during the same time period. The court refused to waive […]

    Updated: IRS will shut down 1040 e-filing on November 23rd

    The IRS will officially shut down all 1040 e-filing for the year on November 23rd. Legacy e-filing ended last month, but modernized e-filing (Mef) is still operational until November 23, 2012. Mef will resume on January 22nd with the start of the 2012 tax filing season. If you need to file 2011 returns you CAN […]

    Fiscal Cliff & Taxmageddon or Fear Mongering? Probably the Latter…

    A couple of weeks ago we wrote about the “Fiscal Cliff”, tax provisions set to expire at the end of 2011, and, as of right now, they are not applicable to 2012 Federal returns. With the upcoming presidential election, congress still has no plan to act on extending the Bush era tax cuts. Each presidential […]

    Fiscal Cliff & “Taxmageddon” Approach with Expiring Tax Credits

    There are more than 30 different tax breaks set to expire at the end of 2012. Nearly everyone will be effected if the credits are not renewed. If the credits are not renewed everyone will pay more income taxes, and workers will bring home a little less money in each paycheck. Groups that will be […]

    IRS Taking Action Against Fraud Potential in EIC & AOC

    The IRS has been working with the Treasury Inspector General for Tax Administration (TIGTA) to make improvements to the tax system in 2019. The plan is that working together they will be able to find ways to prevent erroneous payments to taxpayers who incorrectly or fraudulently claim refundable credits that they are not entitled to. […]


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