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My Tax Blog

  • Federal Direct Closed for Independence Day

    It’s that part of summer again. Time to celebrate our independence with fireworks and cookouts! We wish everyone a safe and happy Independence Day! In observance of the holiday, Federal Direct will be close tomorrow, July 4th, and Friday, July 5th. The office will reopen on Monday July 8th at 9 am.

    IRS to Shutter Two Services Used by Tax Pros

    The Internal Revenue Service plans to end the Disclosure Authorization and Electronic Account Resolution on August 11th 2013. The Service claims that these electronic services aren’t used much and account for only 3% of all account-related issues. Tax practitioners are irate. It’s a newer service much faster than calling and waiting on hold. After the […]

    IRS Appeals Ruling In Tax Preparer Lawsuit Against RTRP

    The IRS is appealing the district court’s ruling in Loving vs. IRS.  Three independent tax preparers and a rally of libertarian lawyers sued the IRS for imposing regulations on tax preparers saying that the IRS doesn’t have statutory authority to do so.  The IRS is appealing the ruling and oral arguments for the case are […]

    IRS Could Review Previously Processed ITINs for Fraud Patterns

    According to Accounting Today, the IRS and TIGTA have almost made up.  Not entirely, but TIGTA is letting the IRS move back into the house (personification- no actual move took place). While the IRS is only, at this point, satisfying 7 of 9 measures that TIGTA wants to see, the Service plans to really work […]

    IRS Closed Tomorrow. Call Today or Wait Until Monday!

    The Internal Revenue Service today reminded taxpayers that, due to the current budget situation including the sequester, the agency will be shut down on Friday, June 14. As was the case on May 24, the first furlough day, all IRS operations will again be closed on June 14. This means that all IRS offices, including […]

  • New Earned Income Credit Filing Requirements for the 2011 Tax Year

    The IRS announced that they will be continuing their “Knock and Talk” EIC preparer education program, along with sending compliance letters, initiating preparer due dilligence audits, and requiring additional information be attached to all returns claiming EITC.  Prepareres will not notice much differece in the preparation process as now the tax preparation software will submit the EITC checklist […]

    Final PTIN registration details released

    Provisional PTINs: available through 4/18/2012.  This means that you WILL be able to get a PTIN prior to completing the preparers examination up to this date.  If you already have a PTIN, you will need to renew that PTIN for a fee of $64.25 after October 15th, 2011 for the coming tax season.  You will […]

    Get Your PTIN NOW!

    For anyone who has not heard the deadline for avoiding having to take the RTRP Examination until December 2013 is October 1st.  Federal Direct can assist you get your PTIN now, but if you delay, you will experience multiple additional charges and an examination before you can preparer taxes this year!  If you do not […]

    Nearly 2 Million Fewer Tax Returns Filed in 2009 vs. 2008

    The IRS released statistics showing total filing figures for the country along with individual state statistics also. One of the most notable statistics reported was that there was nearly 2 million (1,730,061) fewer tax returns filed for the 2009 tax year versus the 2008 tax year. Many sources relate this to the economic downturn in […]

    Newest Tax Filing Statistics Released

    It takes approximately 1 year for the IRS to tabulate and release statistical information related to tax filings.  They have just finished compiling tax and demographic information for the 2009 tax year, filed starting January of 2010.  This year should be of significant relevance as it is the first set figures relating to the recession […]


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