Claiming that the IRS overstepped its bounds in expanding its regulatory power to include all tax preparers who prepare and file tax returns for compensation, three bold tax preparers took the IRS to court, and won...…
Late enactment of extenders as part of the “fiscal cliff” legislation, the American Taxpayer Relief Act (ATRA) of 2012, threatens to delay millions of tax returns...…
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Here are some tips any business owner can follow to get more referrals:…
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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...…
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 ...…
Quick Alert for Tax Professionals from the IRS: Effective October 1, 2012, applications to become an IRS e-file provider must be submitted online. We will no longer accept paper e-file applications.…
McIntire Tax Center is a one-woman show, with the exception of a temporary receptionist Trish hires for a few weeks in the height of tax season. Trish’s goal is to run a tax practice where clients know they can come to her for anything and trust their taxes will be prepared correctly at a fair price. She prepares mostly ...…
ITINs are designed for tax administration purposes and are assigned to people who are not eligible for Social Security Numbers. Over the years, ITINs have been criticized for being used by illegal immigrants and undocumented workers. Last year the Treasury Inspector General for Tax Administration reported...…
The Treasury Inspector General for Tax Administration performed an audit on the OIC program in an attempt to discover why there has been a 28 percent increase in the number of requests for offers in compromise. The results found ...…
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The most common form of EITC noncompliance is the improper claiming of a qualifying child. The error occurs when the taxpayers claim a child who does not meet the age, relationship, or residency requirements.…
