Overdue tax installment payments are about to become more expensive. The service is proposing a stiff IRS user fee hike to go into effect on Jan. 1 2017. The charge for new installment plans will be $225… a $105 jump from today’s cost. The outlay for direct debit installment agreements will more than double to […]

ITINs issued before 2013 will expire 12/31/2016.  Renewal process will open October 1st, 2016.  To identify if an ITIN was issued prior to 2013, the first individuals in this group are ITINs with 78 or 79 as the middle digits.    ITINs that have not been used on a US tax return for the past […]

In years past the cost of a new PTIN or renewing a PTIN was $64.25 or $63 respectively. However, the price has recently changed and may stay at this new price point for an undetermined period of time. The new cost, whether applying for a new PTIN or renewing your PTIN, will be the same, […]

How Do I Obtain the AFSP – Record of Completion? • Take eighteen (18) credit hours of Continuing Education, comprised of: – Six (6) hours of Annual Federal Tax Refresher (AFTR) course that covers filing for the tax year and includes a knowledge-based, open book comprehension test administered at the end of the course through […]

Do not forget that if you filed an extension for additional time to file, the deadline is fast approaching. You will be able to file returns for a while longer but your client may face additional penalties as a result of the delay. Play it safe, and file before the deadline, or, if nothing else, […]