In January, a trio of independent tax preparers filed suit challenging the IRS’s authority to impose its Registered Tax Return Preparer regime – something it developed with the hopes of increasing the quality of the tax preparation industry and improving service to taxpayers. A federal judge ruled ...…
The concept of the alternative minimum tax is anything but minimum. The complex tax code in America originally enacted the AMT in 1969 as a way to keep high-income taxpayers from ...…
Holds on EITC Returns Have Ceased Last week, reports indicated that the IRS was paying special attention to tax returns that claimed the EITC, thus delaying their refunds. Ironically, taxpayers who…
The IRS announced in January that there will be a delay in the release of 31 tax forms due to the late enactment of tax legislation, the need to update the forms, and the need to test processing systems. Two of the 31 forms have since been released, however...…
A recent lawsuit arguing the IRS lacks the authority to require tax preparers to pass a competency exam and take continuing education courses brought the IRS’s RTRP (Registered Tax Return Preparer) program to a screeching halt when the federal court judge agreed and issued a ruling that voided the RTRP process. But the IRS is not accepting the ruling ...…
Sequestration: a series of across-the-board federal cuts scheduled to occur if Congress doesn’t take actions to cut spending. The deadline from Congress to take action is Friday, March 1. If no action is taken and sequestration goes into effect,...…
Modernized e-File (MeF) was successfully brought back online at 11:00 pm, Eastern on February 21, 2013 and is now operational for all service requests.…
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If you haven't renewed your EFIN, you may experience difficulty e-filing. The IRS can deactivate your Authorized IRS e-file Provider status if they receive undeliverable mail or are unable to contact…
Although most everyone is aware of the dangers of identity theft, the IRS is expecting difficulties in wading through all of the tax returns that are to be filed this year. The hardest part will be…
IRS Tax Tip 2013-12Most types of income are taxable, but some are not. Income can include money, property or services that you receive. Here are some examples of income that are usually not…
