I’ve discussed this in a previous post, but I really like to figure things out myself. If I get stuck on a problem, I am the kind of person that will start over from scratch 12 times before giving in and asking for help. Some of it is pride, since I like the satisfaction and […]
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Final Regulations: Employer’s Shared Responsibility regarding Obamacare
Last week the Department of Treasury along with the IRS issued some final regulations that give clarity to the Employer Shared Responsibility provisions under section 4980H of the IRS code. This document (TD 9655) lays out the provisions that will go into effect in 2015. Here are some basic things to know. IRS […]
The Benefits of a Community
I just wanted to say thank you to everyone that has posted a comment in response to some of my posts! I read them all and get excited about each and every one. Recently, I had a great comment in response to my post, Old Habits Die Hard. In that post, I talk about how […]
IRS Audit Alert
Every year the IRS randomly selects a small percentage of individual and small business tax returns for audit. Are your clients aware of the “IRS red flags”? Knowing what they are and how they can be avoided is invaluable knowledge for your clients. Below is a whitepaper I have written that covers IRS red flags […]
Progress Update
I am currently working on chapters 4 and 5, and will get them posted and move onto the next two chapters next week. So far everything is going pretty well, and I expect to complete the whole course relatively soon. After completing Advanced 1, I will have three tax courses left: Advanced Level 2, Small […]
Readjusting My Schedule for a New Year and New Goals
Sometimes after I get home from work, make dinner, and spend time with the family, I’m just not in the mood to do tax homework. The beginning of the year is always a busy time for me at work. With all the goals I set for the new year, it can be hard to divide […]
Three Customer Service Tips for Your Tax Office
As we discussed in a previous blog, keeping your current clients is crucial. Current clients represent a steady revenue stream and if retained, will provide you with referrals to help continue the growth of your business. Being a tax preparer is not all about numbers – it’s about developing relationships with your clients as their […]
Old Habits Die Hard
I’ve recently been talking about how I wanted to have my online progress match my offline progress but I’ve already slipped back into using the study method I used for the Comprehensive Course. I feel this is likely because I prefer to read offline rather than online. I feel like I absorb the material better, […]
What Should You Do if You Will Owe Income Tax When You File?
If you expect to owe the IRS and/or the state tax department you should file your tax returns as soon as possible. However, you do not have to pay until the tax filing deadline, which for calendar year taxpayers for the IRS is April 15th (may be different for some states). You can pay […]