My Tax Blog

Federal Direct is proud to announce a new partnership with JantecNeon company for providing tax preparation related neon signs to our partners at a discounted price for the coming tax season.  We should have the new signs posted to our marketing area by the end of next week and we will also be sending out […]

Rest easy this year registered return preparers!  IRS commissioner Douglas Shulman spoke today before the AICPA and announced that the continuing education requirement for tax return preparers would be pushed back until 2012.  This means that preparers will have a full 12 months to earn the required 15 hours of CE credits.

When reviewing your clients’ prior year tax returns be sure to check to see if they claimed any college expenses, and if they did, they should have used the American Opportunity Credit.  This credit has a refundable aspect to it, similar to the Earned Income Credit, and is available for the first 4 years of […]

Tax Preparers filing returns for military personnel should familiarize themselves with the Service members Civil Relief Act and The Military Spouses Civil Relief Act.  This law basically closed the loophole that was causing military personnel to be taxed by different states if they were forced to move for military duty.  This law allows both the […]

One of the requirements for the new PTIN registration process is to be in tax compliance for both business and personal tax filings.  This means that you must have filed your tax returns and if you owe, you must have contacted the IRS and entered into a payment arrangement program.  In short, if you want […]