Becoming an Enrolled Agent is essential if you want to advance your career as a tax preparer. IRS Enrolled Agents are unrestricted as to which taxpayers they can represent, the types of tax matters they can handle, and which IRS offices they can represent clients before. One of the requirements of becoming an Enrolled Agent […]
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Tax Preparation is Best Learned from Experience
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 opportunity to find mistakes on our own. The way the answers are laid […]
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 since you are given two chances and the highest score is kept. As […]
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 find the right employees. By running an income tax school, you can observe […]
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 easily caught if I had given it my full attention. Admittedly, it wasn’t […]
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 the learning activities. So far going back has been a good refresher of […]
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 computer, which would probably be pretty convenient if I had more than one […]
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 it, when I get to the learning activities I usually have a pretty […]
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 at the latest. What’s worse about the delay is that they are not […]