IR-2010-89, Aug. 5, 2010 WASHINGTON — The Internal Revenue Service today announced that starting with next year’s tax filing season it will no longer provide tax preparers and associated financial institutions with the “debt indicator,” which is used to facilitate refund anticipation…
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Lesson 3: Return to Formal Education
Here’s my 3rd video in the Lessons Learned series in which I talk about the key lessons I’ve learned throughout the course of my professional career. In this video, I talk about the circumstances that led to my return to formal education…
Tax Preparation: A New Profession!
I’m writing from the IRS Nationwide Tax Forum in Orlando, the third of six IRS Forums being held this Summer. The “Buzz On The Street” is that we are entering an exciting new era in the Tax Industry. Underlying the new “Rules…
Chuck McCabe’s Lessons Learned – Lesson 2
Here’s the second video in my Lessons Learned video series. Lesson 2: The Transition from Blue-collar to Professional. Enjoy!
IRS Releases Proposed Regulations Regarding Fees for Preparer Tax Identification Numbers
The Internal Revenue Service has released proposed regulations that would establish a fee for individuals who apply for a preparer tax identification number (PTIN). The proposed regulations (REG-139343-08) would establish a fee of $50, payable to the IRS, to cover technology costs,…
Summer Book Review – No Man’s Land
No Man’s Land by Doug Tatum is a truly unique book for entrepreneurs with established high-growth businesses who attempt to cross the hazardous chasm necessary to grow to the next level and survive. These are typically high-growth businesses with 20 to 100…
Closing Deadline for Eligible Homebuyer Credit Purchases Extended to September 30
Eligible taxpayers who contracted to buy a home, qualifying for the first-time homebuyer credit, before the end of April now have until Sept. 30, 2010 to close the deal, thanks to The Homebuyer Assistance and Improvement Act of 2010, signed by the President…
IRS presents IRS Live – New Requirements for Tax Return Preparers
Learn the Who, What, When and How IR-2010-70, June 1, 2010 WASHINGTON — The Internal Revenue Service will debut its latest educational program for tax professionals, the webinar IRS Live, on June 9, 2 p.m. ET. The topic is “New Requirements for…
Will IRS Modernized E-File (CADE2) result in the RAL becoming Obsolete?
IRS Modernized E-File (CADE) promised to speed up direct deposit refunds to a few days instead of about 2 weeks . Read Details at: http://www.irs.gov/efile/article/0,,id=204763,00.html The new CADE2 IRS project is explained at the following link.:http://www.datacenterknowledge.com/archives/2010/03/29/irs-data-centers-gird-for-tax-season/ We have been phasing out of RALs…
Are you planning to lease a tax office?
Below is a link to an article on entrepreneur.com with many tips on negotiating a lease, and it specifically refers to a lease negotiation for a tax office. During my career in the tax industry, I’ve negotiated, directly or indirectly, more than…
Tax Industry Talk
IRS Provides Guidance on Identifying Numbers for Tax Return Preparers
July 27, 2010 – IRS Releases Proposed Regulations Related to Fees for Preparer Tax Identification Numbers The Internal Revenue Service has released proposed regulations that would establish a fee for individuals who apply for a preparer tax identification number (PTIN). The proposed…