100,000 Tax Preparers to be target by the IRS for PTIN violations in 2010 season
The IRS has began sending letters to about 100,000 tax return preparers who either used outdated PTINs or used social security numbers instead of a PTIN when filing returns this past tax season. The letters explain the new oversight program, inform preparers of how to register for a new PTIN, or renew an old PTIN, […]
Tax Clients Liens & Levies – IRS offers “Fresh-Start Open House” Tomorrow
The Internal Revenue Service will open the doors to dozens of its Taxpayer Assistance Centers across the country this coming Saturday, July 16, 2011, to answer taxpayer questions and provide help with tax filing issues. This special event is particularly intended for people who want to make a “fresh start” by taking steps to have […]
Continuing Education for Tax Preparers
Tax Preparers will have to complete 15 hours of continuing education starting in 2012. These 15 hours will be broken down into 10 hours of federal tax law topics, 3 hours of tax law updates, and 2 hours on ethics. Courses will be provided by numerous IRS approved organizations, and Federal Direct will provide these […]
Tax Preparer Tips – MN State refund distribution delay
Note to all offices preparing MN state tax returns – Minnesota has placed their state government offices and agencies on a skeleton schedule while they attempt to pass an acceptable budget. This state processing shutdown will have an effect on any clients that are currently waiting for a MN state tax refund, as they are […]
Tax Preparer Tips – Manual Entry of SSNs now required on all W2s
New for the 2011 tax season all W2s will require a manual entry of clients social security number. Software companies will no longer be allowed to prepopulate SSN onto W2s. The reasoning behind this is related cleints having ITINs (Individual Tax Identification Number) instead of Social Security Numbers. In past years software programs would simply populate the […]