IRS PTIN System Now Open
On Friday, Jan. 18, 2013, the United States District Court for the District of Columbia enjoined the Internal Revenue Service from enforcing the regulatory requirements for registered tax return preparers. In accordance with this order, tax return preparers covered by this program are not required to complete competency testing or secure continuing education. The ruling […]
IMPORTANT! IRS RTRP Regulations Shot Down in Court!
Released yesterday was news the tax preparers, along side a libertarian justice group, won it’s case against the IRS. Essentially, the lawsuit challenged the IRS, stating that it had no right to impose such regulations on tax preparers and that it was giving itself more authority than it had. The judgement opinion was that until […]
Delay To start of Filing Season 1/30/2013
The IRS has made official that they will be delaying the start of the electronic filing season to 1/30/2013. This relates to 1040, Individual tax returns. The IRS also indicates that they expect additional delays associated with less common individual forms that they will be releasing a list of later. We will keep you […]
Fiscal Cliff Tax Deal Details A.K.A Governmental “Tough Love”
Well, with this new deal we averted the cliff or did we? Maybe we had a parachute that kept us safe for a while, gave us a nice feeling that we’d land softly and smoothly, but then, half the way down we noticed large hole in the chute. The Good- The deal restores the top […]
*EITC Update* The IRS Choses Identity Protection Over Speed
Not only has the IRS announced that they will not be releasing a funding cycle, they will also only tell callers, requesting refund dates, that they should see their refund within 23 days. The IRS has been fighting with itself over maintaining it’s two main goals: Identity protection and the quick disbursement of refunds. Well, […]