Tax Preparer Fines Archives - Federal Direct Tax https://www.federaldirecttax.com/blog/tag/tax-preparer-fines/ Helping Individuals & Businesses Enter The Tax Preparation Industry Tue, 30 Jul 2013 19:41:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 IRS to Send PTIN Warning Letters https://www.federaldirecttax.com/blog/irs-to-send-ptin-warning-letters/ Tue, 30 Jul 2013 19:41:48 +0000 http://www.federaldirecttax.com/blog/?p=1481 The Internal Revenue Service’s Return Preparer Office said it is sending letters to 3,000 tax preparers who failed to use a valid Preparer Tax Identification Number. Letter 4731 is being sent to more than 1,100 people who are using old PTINs that were obtained prior to September 2010 and have never been renewed in the […]

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]]> Earned Income Tax Credit – Preparer Fraud Penalty Increases https://www.federaldirecttax.com/blog/earned-income-tax-credit-preparer-fraud-penalty-increases/ Mon, 07 Nov 2011 16:47:12 +0000 http://www.federaldirecttax.com/blog/?p=778 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 […]

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