Tax Preparer Fingerprinting Program Put on Hold
Along with the slew of changes and new regulations that have come down from the IRS and the Registered Return Preparers Office over the past 2 years was a provision mandating that all registered tax return preparers be fingerprinted. IRS Commissioner, Doug Shulman, stated yesterday that the fingerprinting requirement associated with registering all tax return […]
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 […]
Upcoming Webinar – Navigating your Partner Portal & Marketing Center
The next training webinar for Federal Direct partners is scheduled for Tuesday November 8th at 6:30pm Eastern. This webinar will cover accessing your online resources for tax preparation tools, software & tax training, and will go through using the custom marketing creator for creating and implementing your office’s own unique marketing programs. Registration invitations have […]