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My Tax Blog

  • H&R Block Manager Sentenced & Spiel on Integrity

    Jail time is coming for a Californian man who is a former manager of an H&R Block. Damon Charles Dubose was convicted and sentenced for filing 12 false tax returns and pocketing the money after withdrawing it from “his clients” H&R Emerald Card. The victims of Mr. Dubose’s tax scheme were previous clients at that […]

    ITINs & Changes to the CAA Program Tonight in an hour!

      ITINs – Recent changes to the ITIN program and a general overview on the filing process. Join us for a Webinar on July 22 Space is limited. Reserve your Webinar seat now at: https://www4.gotomeeting.com/register/325968471 This course will cover the continuing changes to the ITIN program, affecting how to file and get ITINs for your […]

    IRS Furlough Day Canceled

    Tax Business Owners take note: The previously scheduled IRS furlough day due to budget constraints of Monday, July 22nd has been cancelled, and the IRS will be on the job.  We will continue to update you on the status of the next scheduled agency-wide employee furlough day, August 30, 2013, as more info from the […]

    IRS Pushes Back Employer Mandate

    The Internal Revenue Service has issued a formal notice that officially delays the employer shared responsibility provisions of the Affordable Care Act, also known as the employer mandate, for a year and postpones the information reporting requirements. The White House and the Treasury Department posted announcements about the delay last week on blogs (see Obama […]

    Republicans Propose Cutting IRS Budget By 24%…Retaliation?

    In a completely unsurprising turn of events, the GOP is proposing a 24% budget decrease for the IRS as punishment for recent events. The recent events that actually call for the reduction are up for speculation, but many things have been putting the IRS in a unwanted spotlight lately. For example, the 4.1 million dollar […]

  • Earned Income Tax Credit – Preparer Fraud Penalty Increases

    IRS released new information today highlighting increases in EITC preparer fraud penalties.  The standard monetary penalty has increased from $100 to $500 per compliance issue on returns filed after 12/31/2011.  For more information on avoiding preparer compliance penalties visit the IRS’ EITC Website for more information.  This recent update was just released today, 11/7/2011, and […]

    Faster Tax Refunds This Tax Season!

    The IRS will be filing all returns through the new Modernized E-File (MEF) system this coming tax season.  This translates to your clients getting their refunds in as little as 5 days.  This represents a reduction in refund delays by 2 days.  The IRS reserves the right to delay returns with questionable Earned Income Tax […]

    IRS Changes Start of E-Filing Season

    For the coming 2011 tax season, the IRS has changed the date they will start accepting e-filed returns to January 17th, 2012.  This is a Tuesday and return filed should be acknowledged by the IRS within 24 hours, as opposed to previous seasons where the first days’ acknowledgements would be delayed for 48 – 72 […]

    Schedule C Clients and How Then Can Beat An Audit

    IRS statistics show that approximately 4% of all returns including schedule C income eventually get audited.  Half of these returns are audited due to a random selection and the other half are chosen based upon a scoring assessment based upon IRS standardization charts for different acceptable business expenses.  The IRS released that the most common […]

    Extended Deadline for E-Filing 2010 Tax Returns… Oct. 31st, 2011

    Oct 15th is the date published on the IRS’ official e-file chart, but they have changed it to 8am Eastern, Monday October 31st.  There is no additional time past this date to electronically resubmit returns that have been rejected, they will have to be paper filed. What does this mean for my office?  –  Any […]


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