In this video lesson, I talk about my transition into entrepreneurship and the lessons learned along the way. If you’re enjoying my videos, please subscribe to TaxSchool on YouTube and feel free to leave comments. Also be sure to check out my…
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IRS Removes Debt Indicator for 2011 Tax Filing Season
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…
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,…
Chuck McCabe’s Lessons Learned video series
I recently uploaded this video to YouTube. It is the first in a series of ten short videos that I will be uploading in the weeks to come. This video is Lesson 1: Breaking Out of a Destiny of Failure.
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…
Marketing a Tax Business: Traditional vs. New Media
Television How can TV advertising be used effectively by a tax business? We have used TV since I founded Peoples Income Tax in 1987. TV was very effective in creating awareness and brand recognition for us in the early years. TV worked…
Preparing for the Enrolled Agent Exam
What is the best preparation to become an EA? They say there is no substitute for experience and I don’t know anyone who has passed the EA Exam without at least 2 tax seasons of tax preparation experience. I’m sure there are…
Gaining New Clients with Your Website
Does your website help you to generate new clients? Our tax business website, peoplestax.com, is still not much more than an electronic brochure. We would like the website to be interactive with our existing clients, while also developing new clients. We have…