After the IRS created the Registered Tax Return Preparer program based on licensing of tax preparers they were sued. In court, and in appeal, they were not found to have statutory authority to regulate unenrolled preparers. Senator Rob Portman has introduced a new bill that would grant the IRS the authority that they need to […]
The IRS has released some very helpful videos with tips on how to maintain, monitor, and protect your EFIN. https://youtu.be/iXb0_ElZYdQ
Thinking about becoming a tax return preparer? If you are feeling overwhelmed by the tax code changes, business start up costs, or timeliness of your endeavor, stop. Becoming a tax return preparer is easier than it may seem. At least the technical aspects are not too difficult. Finding time to develop your stills may be […]
With the passing of the Tax Cuts & Jobs Act, many tax laws will be changing. The tax law changes will not be represented on the Enrolled Agent Special Enrollment Exams until next year. If you can find the time and motivation to complete your Enrolled Agent exams between May 1, 2018 — February 28, […]
Audit yourself- Audit your professional tax software for any e-files that might have not been accepted. Sometimes state tax returns may fall through the cracks. Ensure all e-files that were sent or previously rejected have been accepted. Be sure that any tax refund checks to be printed from bank funded returns have been printed and […]
Can the IRS’s situation become more sadly laughable? At this point, I’m beginning to think not. Released this weekend was a video of a line dancing instructor teaching some IRS employees to dance. Apparently the IRS has spent somewhere near $50 million to hold at least 220 conferences for employees between 2010 and 2012. A […]
Third party for-profit organizations have obtained the PTIN list under the Freedom of Information Act (FOIA) and created an online directory of tax professionals. Be aware that the information these services received includes names, addresses and phone numbers, but not actual PTINs. We want to warn you not to provide these websites with your PTIN, […]
It is estimated that the IRS erroneously paid out 11 to 13 BILLION dollars in EITC. The IRS thought forcing preparers to send in the 8867 Due Diligence worksheets would put “a dent” in the fraud. The number of fraudulent/erroneous EITC payments has gone down 2-3 billion compared to last year’s numbers. Have your own […]
It’s here. You can stop waiting now. The age where the online socio-political arena is just as important (and way more volatile) as real life has finally come. Of course, there are benefits and drawbacks. Everyone knows the internet makes it easier for a person to say what he or she really thinks which leads […]
There has finally been some information released regarding refunds for RTRP Exam fees. Requests for refunds can only be made by phone to Prometric directly at the 855.477.3926. You must speak with to a customer service representative, and they can complete & initiate a refund request. The refund review process can take up to 60 […]