New Federal Direct Partners should make sure that your EFIN applications have been processed.  These applications take aproximately 6 weeks for processing with the IRS and without an EFIN you cannot e-file return or offer bank products.  If you are not a CPA, EA, or Attorney, you will need to also complete a fingerprint card for the […]

The IRS is releasing email messages informing PTIN applicants that you may have an open PTIN application with the service that needs to be completed.  This message relates to many people who were forced to apply through multiple email addresses in order to get their temporary password for online PTIN application.  If you have been […]

Offices preparing returns that have had the Earned Income Tax Credit denied will be receiving compliance letters stressing the importance of operating with Due Dilligence in the future.  Earned Income Tax Credit is one of the most fraudulently used tools in individual tax preparation.  As a preparer you should be aware of the EITC due diligence requirements as well […]

Rest easy this year registered return preparers!  IRS commissioner Douglas Shulman spoke today before the AICPA and announced that the continuing education requirement for tax return preparers would be pushed back until 2012.  This means that preparers will have a full 12 months to earn the required 15 hours of CE credits.

Tax Preparers filing returns for military personnel should familiarize themselves with the Service members Civil Relief Act and The Military Spouses Civil Relief Act.  This law basically closed the loophole that was causing military personnel to be taxed by different states if they were forced to move for military duty.  This law allows both the […]