Scammers are flooding taxpayers with bogus emails, phone calls and in-person solicitations posing as disaster relief organizations.Hurricane Harvey’s rain has scarcely stopped falling in south Texas,…
Read more about Fake Harvey Relief Charities Already Circulating
With Halloween just a few days away, we’re edging closer to Thanksgiving dinner, Christmas music in retail stores, and – for tax preparers – expiring Preparer Tax Identification Numbers (PTINs).…
Legislation expands the EITC due diligence requirements to include two other refundable credits – the Child Tax Credit or Additional Child Tax Credit, and the American Opportunity Tax Credit.…
Read more about 2017 Tax Season to See Expanded Due Diligence Reporting
The latest meeting of the IRS’ Security Summit working group has grabbed a lot of headlines recently. Among the news is that income tax preparers will be expected to secure the taxpayer data under…
Read more about Stepping Up Tax Preparer Security: What Does it Mean?
If you grew up “shooting the loop” every Friday night in high school, knew the names of every single person living on your block, or rode a tractor to school at least once, chances are that you grew…
It's the client most dreaded by tax preparers – the individual or small business manager who literally shows up to have their taxes prepared armed with only a boxful of receipts and unorganized…
The tax preparation industry consists of some 1.2 million paid professionals, according to US News and World Report, engaged in the preparation and filing of forms required by the federal, state and…
Read more about How To Start A Successful Tax Preparation Business
A recent warning issued by the IRS alleges fraud is being perpetrated by unethical tax preparers targeting Spanish-speaking taxpayers who lack fluency in English. The IRS cites reports of tax…
If a taxpayer is enrolled in a policy with a person not in the taxpayer’s tax family (a shared policy), the taxpayer may have to allocate the items on Form 1095-A (the enrollment premium, the premium…
Read more about ACA Basics – Did the Taxpayer Share a Marketplace Policy?
February 2 Individuals who must make estimated tax payments. If you did not pay your last installment of estimated tax by January 15, you may choose (but are not required) to file your income tax…
Read more about IRS Publishes Tax Deadlines For February 2015
