Due to the sixteen-day federal government shutdown, the IRS has announced a 1-2 week delay of the 2014 tax filing season. This means the IRS will not be accepting and processing returns before January 28th at the earliest and February 4th…
Due to the sixteen-day federal government shutdown, the IRS has announced a 1-2 week delay of the 2014 tax filing season. This means the IRS will not be accepting and processing returns before January 28th at the earliest and February 4th…
The IRS has recently updated their website with information on PTIN renewals. The following item was posted to IRS.gov : Q: What is the status of renewing Preparer Tax Identification Numbers (PTIN) for 2014? A: Due to the lapse in government…
Whether you are in the midst of becoming a tax preparer through The Income Tax School, currently on the hunt for a job, or looking at the big picture as you decide whether a career as a tax preparer is right for…
As I run the final lap on Module 1, I am already feeling a lot more confident in my ability to prepare a tax return. This module has been a solid review and because of the helpful preparer tips, has taught me…
Want to know what it’s like to be be a student at The Income Tax School? Get a brief overview in the video below of the student experience within our learning management system. You can also follow our newest blogger: Tenisha Gadson…
For many people, entering into the tax business is not something they decide to do straight out of college – it’s something they discover at a certain point in their life. This fact holds true for even our founder and CEO, Chuck…
As of an announcement today, the IRS will be open on July 22nd. Previous to today they had planned to be closed to cut costs. Here’s what they had to say: WASHINGTON — The Internal Revenue Service is canceling the furlough day…
IRS recently made some enhancements to the online PTIN system. Below is an overview from the IRS Return Preparers Office. “We’ve made a number of improvements to your online PTIN Account to expand its functions: – “Manage My Account” is fully functional…
Most simple returns will be self-prepared or handled by volunteer preparers and, probably also by the IRS. Anticipating this trend, over the past 7 years we have phased out virtually all of our “Fast Refund” offices and we will be going into…
IRS Nationwide Tax Forums are scheduled this July-September in Orlando, Dallas, New Orleans, Atlanta, National Harbor, MD (DC area) and San Diego. There will not be Tax Forums in New York City or Las Vegas this year. Will the uncertainty of the…
http://www.accountingtoday.com/news/Senateors-Tax-Reform-Tax-Preparer-Regulation-66136-1.html
According to NATP, if the RTRP injunction is not lifted and the IRS does not win the appeal, IRS does not plan to make the RTRP voluntary due to contractual obligations.