The IRS has released the final revisions to the 2011 tax year publication 17.  This publication is probably the most comprehensive set of information covering individual tax return filing, and is also one of the forms that will be available to you while taking the upcoming RTRP examination.  You can access a downloadable form of […]

The IRS has their preparers test in place and is now scheduling for preparers to take the examination.  To avoid having to take the examination prior to Dec 31st, 2013 preparers must act soon.  2011 PTINs expire on December 31st, 2011, and are now scheduled to expire on the close of each calender year going […]

Along with the slew of changes and new regulations that have come down from the IRS and the Registered Return Preparers Office over the past 2 years was a provision mandating that all registered tax return preparers be fingerprinted.  IRS Commissioner, Doug Shulman, stated yesterday that the fingerprinting requirement associated with registering all tax return […]

IRS released new information today highlighting increases in EITC preparer fraud penalties.  The standard monetary penalty has increased from $100 to $500 per compliance issue on returns filed after 12/31/2011.  For more information on avoiding preparer compliance penalties visit the IRS’ EITC Website for more information.  This recent update was just released today, 11/7/2011, and […]

The IRS will be filing all returns through the new Modernized E-File (MEF) system this coming tax season.  This translates to your clients getting their refunds in as little as 5 days.  This represents a reduction in refund delays by 2 days.  The IRS reserves the right to delay returns with questionable Earned Income Tax […]