IR-2013-18, Feb. 8, 2013 WASHINGTON — The Internal Revenue Service announced today that taxpayers will be able to start filing two major tax forms next week covering education credits and depreciation. Starting Sunday, Feb. 10, the IRS will start processing tax returns…
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Taxpayer Advocate, Nina Olson, calls preparer regulation ruling “disastrous”
Tax-preparer ruling called ‘disastrous’ By LAUREN FRENCH | 2/6/13 4:58 AM EST Welcome to the Wild West. The tax version of it, at least. That’s how Nina Olson, the IRS’s designated advocate for taxpayers, sees an unregulated world of tax preparers where…
Update from IRS on court ruling affecting RTRP, CE and PTIN
On Friday, Jan. 18, 2013, the United States District Court for the District of Columbia enjoined the Internal Revenue Service from enforcing the regulatory requirements for registered tax return preparers. In accordance with this order, tax return preparers covered by this program…
Where’s My Refund?
Below is a link to a page on the IRS website with information for taxpayers: What to Expect for Refunds in 2013 http://www.irs.gov/Refunds/What-to-Expect-for-Refunds-in-2013 IRS also provides a PDF with 2013 refund information for tax preparers at the link below. 2013 IRS Refund…
Tax preparation firms favor reinstating IRS rules timesdispatch.com
Most tax-preparation professionals are pulling for the Internal Revenue Service in a legal battle over its plan to regulate the industry. http://www.timesdispatch.com/business/local/companies/tax-preparation-firms-favor-reinstating-irs-rules/article_c89fd9dc-1a27-516d-8d68-5ddbfabd36cf.html?goback=%2Egde_1905842_member_208384532
IRS Appeal of Court Ruling Against Preparer Regulations
The tax industry needs to be regulated to prevent unqualified preparers from practicing. Those preparers who have been enabled to prepare returns using tax software without knowing the tax laws not only prepare inacurate returns for their clients, but they take business…
IRS Loses Lawsuit to Prevent Regulation of Preparers
January 19, 2013 By MATTHEW BARAKAT of The Associated Press FALLS CHURCH, Va. — A federal judge on Friday barred the IRS from imposing a series of new regulations, including a competency exam, on hundreds of thousands of tax preparers. U.S. District…
IRS Loses Lawsuit in Fight Against Tax Preparers
U.S. District Judge James Boasberg in Washington ruled against the IRS in favor of three tax preparers who filed suit last year with the help of a libertarian legal group, the Arlington, Va.-based Institute for Justice. Since 2011, in response to what…
IRS Announces Simplified Option for Claiming Home Office Deduction
Jan. 15, 2013 WASHINGTON — The Internal Revenue Service today announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes. In tax year 2010, the…
What frustrates you as a tax preparer?
From: Cindy VanBeckum [mailto:vcindyvb@natptax.com] Sent: Friday, January 04, 2013 9:42 AM To: Chuck McCabe Subject: TAXPRO Journal Article What frustrates you as a tax preparer? One NATP member tells us that he is exasperated with the inconsistency of 1099 forms. He writes:…
Corporate returns…where is the best training?
The comments below were posted on Tax Business Owners of America: I prepare personal returns and I have been getting a few clients that want me to prepare corporate returns What is the best option for getting the best education to gain…
CE Requirement and PTIN Renewal Reminder
If you are an unenrolled tax preparer, you must complete your 15 hours of CE by Monday. If you haven’t already renewed your PTIN you should do so as without delay. You are not required to complete your CE prior to renewing;…