Throughout this course, one of the things that I’ve really appreciated is the way the questions and answers are handled for all the learning activities. Since for many of us, this is a self-study course, it’s always nice to be given an…
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Avoiding Shortcuts
I’ve been transferring all the work I’ve done offline to the online quizzes and learning activities and have found that the process is a bit slow. Outside of actually getting everything entered, perfection is an actual possibility on most of the activities…
Why Your Tax Firm Should Be Hiring and Training Now
As you prepare for the upcoming tax season, you should also begin hiring and training the staff you will need to run your business in the upcoming year. Ideally, running a tax school during the off-season is the best way to…
Striving for Quality of Time over Quantity of Time
It’s apparently a bad idea to attempt a quiz while a seven year old is running around and vying for your attention every couple of minutes. It’s unfortunate that I followed through with this plan and missed something that I could have…
Trying not to Rush the End
As I start to close in on the last chapters it has gotten really tempting to try to pick up the pace and get it done. I’ve completed nearly all of the review questions and am now circling back through to complete…
Printing Copies of Required Forms: $2.00, Not Having to Fill Out Multiple Forms on My Computer: Priceless
After this weekend, I’ve decided that filling out forms and schedules line by line on my computer is extremely unpleasant. I forgot to get 1040s and other schedules printed this weekend and instead tried to do my learning activities entirely on the…
Details, Details, Details
Even though this course isn’t actual tax preparation, I feel like I’ve been doing a pretty good job of treating like it is. At least I thought I was until this past weekend. As much as I try not to act on…
What You Need to Know About the 2014 Tax Filing Season Delay
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…
Loving v. IRS: What to Know
UPDATE TO THIS ARTICLE: A federal court ruled that the IRS does in fact have the authority to provide tax credits to individuals purchasing health insurance on the health insurance exchange. Get the full story on Accounting Today here. ———— While the…
Tax Direction Instead of Tax Advice
Outside of a professional appointment giving tax advice is not a good idea. While I am careful not to give advice on topics I’m less familiar with and always add a small disclaimer to anything I do say. I’ve noticed that the…
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…
Back on Track and a 3 Day Weekend
I love 3 day weekends. Normally I enjoy them since it’s an extra day at home with the family, but as an added bonus this weekend I also get to get some more work done on the Comprehensive Course. Even though my…