Stockpiling Your Clients’ Tax Returns Ok’d By IRS
In light of the recent tax law changes and delays as a result of those tax law changes, the IRS has said it’s fine to stock pile your customer’s tax returns and submit them “early.” By early, that means you can prepare and submit them on January 22nd, and they will sit there until the […]
Delay To start of Filing Season 1/30/2013
The IRS has made official that they will be delaying the start of the electronic filing season to 1/30/2013. This relates to 1040, Individual tax returns. The IRS also indicates that they expect additional delays associated with less common individual forms that they will be releasing a list of later. We will keep you […]
Have You Completed Your RBC Compliance Training?
If you have not yet taken your online RCB Compliance Training, be sure to do so by logging into your partner portal. A PTIN is required for recording completion of the Compliance Training. All preparers offering bank products this season must complete the REC Compliance Test.
2012/2013 CE Requirements & PTIN Renewal
There has been some confusion regarding the continuing education required for PTIN renewal. Below you will find three of the most common questions. What happens if I did not renew my PTIN by December 31, 2012? A: The preparer can pay the $63 renewal fee after December 31 for the PTIN. Q: What happens if […]
Fiscal Cliff Tax Deal Details A.K.A Governmental “Tough Love”
Well, with this new deal we averted the cliff or did we? Maybe we had a parachute that kept us safe for a while, gave us a nice feeling that we’d land softly and smoothly, but then, half the way down we noticed large hole in the chute. The Good- The deal restores the top […]