An Industry in Transition
…
Fiscal Cliff Negotiations May Delay Filing for Millions
Taxpayers who fall within income levels under the Alternative Minimum Tax (AMT) requirement, or “wealth tax” as it’s often referred to, may be unable to file their tax return until late March if Congress does not agree to a fiscal cliff deal by December 31.…
Read more about Fiscal Cliff Negotiations May Delay Filing for Millions
IRS Plans “Soft Touch” Compliance Checks
Approximately 5,000 tax practitioners will soon receive a letter from the IRS...…
Updates Made to Form 8867
It is particularly important tax preparers filing EITC (Earned Income Tax Credit) claims complete this section ...…
IRS Tightening Controls over Refundable Tax Credits
Because of the susceptibility of these credits to fraud, and the low success rates in recovering erroneous credits once refunds have been issued, the IRS should take every reasonable step possible to identify potentially questionable credits ...…
Read more about IRS Tightening Controls over Refundable Tax Credits
PRESS RELEASE – For Immediate Release
Zero installs. Zero updates. Zero backups. It is now possible at an affordable price with Drake Software’s online tax preparation solution – Drake Zero. Drake Zero has all the features tax professionals need to prepare individual tax returns. Drake Zero is a web application software.…
Get Referrals by Following the Law of Contribution
Here are some tips any business owner can follow to get more referrals:…
Read more about Get Referrals by Following the Law of Contribution
South Carolina Taxpayers at Risk
An international computer hacker recently broke into the South Carolina Department of Revenue database and gained access to over 3.6 million state income tax returns...…
Deadline for PTIN Coming Soon
The deadline to register for or renew your PTIN (Preparer Tax Identification Number) for 2013 is December 31, 2012. All paid tax preparers must have a PTIN and it must be renewed annually. This year ...…
Taxpayers Missing Out on Penalty Relief?
Under the tax code, penalties can be assessed for not filing a tax return or for failing to pay the full amount shown. But Americans who have paid on time and in full for the previous three years can ask for the penalties to be waived...…
