Tax Prep Archives - Federal Direct Tax https://www.federaldirecttax.com/blog/tag/tax-prep/ Helping Individuals & Businesses Enter The Tax Preparation Industry Wed, 03 Jun 2020 14:50:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Extended Deadline for E-Filing 2010 Tax Returns… Oct. 31st, 2011 https://www.federaldirecttax.com/blog/extended-deadline-for-e-filing-2010-tax-returns-oct-31st-2011/ Fri, 14 Oct 2011 16:06:36 +0000 http://www.federaldirecttax.com/blog/?p=752 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 […]

The post Extended Deadline for E-Filing 2010 Tax Returns… Oct. 31st, 2011 appeared first on Federal Direct Tax.

]]> Tax Implications of Federal Government passing Debt Ceiling Increase https://www.federaldirecttax.com/blog/tax-implications-of-federal-government-passing-debt-ceiling-increase/ Wed, 03 Aug 2011 15:24:13 +0000 http://www.federaldirecttax.com/blog/?p=630 The bill to increase the US debt ceiling passed both the House and Senate Monday evening.  The bill raises the debt ceiling in several increments throughout the next year and gets us past the 2012 election.  A “super committee” comprised of both Republicans and Democrats will convene to approve another 1.5 trillion in borrowing for […]

The post Tax Implications of Federal Government passing Debt Ceiling Increase appeared first on Federal Direct Tax.

]]> Continuing Education for Tax Preparers https://www.federaldirecttax.com/blog/continuing-education-for-tax-preparers/ Thu, 14 Jul 2011 14:33:37 +0000 http://www.federaldirecttax.com/blog/?p=600 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 […]

The post Continuing Education for Tax Preparers appeared first on Federal Direct Tax.

]]> Tax Debt forces SuperBowl Veteran to put championship ring up for auction https://www.federaldirecttax.com/blog/tax-debt-forces-superbowl-veteran-to-put-championship-ring-up-for-auction/ Wed, 29 Jun 2011 21:01:46 +0000 http://www.federaldirecttax.com/blog/?p=569 Fuzzy Thurston, a former lineman of the Green Bay Packers will be auctioning off his 1967 SuperBowl Championship ring to help with his 1.7 Million tax debt.  The tax debt originates from Thurston’s post NFL business venture where he opened a chain of restaurants called The Left Guard.  The original debt was issued in 1984 […]

The post Tax Debt forces SuperBowl Veteran to put championship ring up for auction appeared first on Federal Direct Tax.

]]> IRS wants your input on Preparer Exams https://www.federaldirecttax.com/blog/irs-wants-your-input-on-preparer-exams/ Fri, 10 Jun 2011 15:58:46 +0000 http://www.federaldirecttax.com/blog/?p=546 The IRS has selected Prometric to administer the forthcoming tax preparer examinations, but they would like to hear from you, the actual preparers, regarding the structure, length, specific areas and topics that should be covered, reporting, etc.  Prometric is the company that has been administering exams for Enrolled Agents and CPAs for years, but with […]

The post IRS wants your input on Preparer Exams appeared first on Federal Direct Tax.

]]>