Tax Talk

  • 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 […]

    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 […]

    2011 PTIN Applications & Renewals Now Available

    PTIN renewal for the coming tax season is now available.  The 2011 system was made operational October 20th.  All paid tax return preparers must obtain or renew Preparer Tax Identification Number (PTIN). If you have a PTIN that was issued in 2010, the renewal fee is $63.00.  If you are applying for the first time, […]

    NY Tax Preparer Registration Requirements

    As well as registering with the IRS on a federal level NY state tax return preparers must also register with the New York Department of Finance and Taxation.  You must register if you are a tax preparer who prepares at least 1 New York state tax return, or if you will be offering bank product […]

    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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