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IRS PTIN Renewals Status

  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…

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Final Lap

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…

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The Student Experience: An Overview

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…

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IRS Cancels July 22 Furlough

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…

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IRS Online PTIN System Enhanced

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…

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The Tax Industry is Changing…How Will You Survive?

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…

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IRS Will Not Make the RTRP Voluntary

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.

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