IRS released new information today highlighting increases in EITC preparer fraud penalties. The standard monetary penalty has increased from $100…
IRS statistics show that approximately 4% of all returns including schedule C income eventually get audited. Half of these returns…
It takes approximately 1 year for the IRS to tabulate and release statistical information related to tax filings. They have…
President Obama just recently proposed a new tax credit for hiring veterans that have recently returned from combat overseas. The…
Note to all offices preparing MN state tax returns - Minnesota has placed their state government offices and agencies on…
New for the 2011 tax season all W2s will require a manual entry of clients social security number. Software companies…
The IRS has just released its’ adjusted mileage rates for the second half of tax year 2011. These rates will…
Many tax preparers are unaware that the IRS accepts e-filed returns through October 15th. This can be both for taxpayers…
Many people are under the misconception that filing a tax extension will allow for a delay in having to pay…
While most tax offices have already experienced a considerable slow down from the peak weeks of late January and early…
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