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 discussion of whether tax preparers should be regulated and tested continues, the decision […]
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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 refresher this course has given me has made it a lot easier for […]
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 funding, the 2014 PTIN renewal season is delayed. An email or letter will […]
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 eyes glaze over on some of the more dry topics, I really enjoy […]
A Bad Week
October has been very stressful. A family friend passed away last week and compared to that everything else seemed to be fairly low on my list of priorities. I did not get much done last weekend because my normal level of focus wasn’t there. A lack of time surprisingly wasn’t the issue, just a lack […]
Five Best Practices for Starting Your Own Tax Business
Becoming a business owner is a big step, but can be extremely fulfilling. Many tax professionals (including myself) have made the leap and you can too with the right tools and advice. If you’re ready to start your own tax business, here are five best practices employed by many of the national tax firms out […]
Getting Hired as a New Tax Preparer
Whether you are in the midst of becoming a tax preparer through The Income Tax School, currently on the hunt for a job, or looking at the big picture as you decide whether a career as a tax preparer is right for you – we’ve got some tips that will help. The Job Search There […]
Finding a Good Work Environment
I’ve started to look around for where I might do some part-time tax related work. Since I’m doing this course I’m not really interested in working anywhere that requires me to purchase a course in order to be offered a job. This requirement actually pretty well eliminates most major tax preparation chains but I’m ok […]
Sometimes Uneventful is Nice
This week has been pretty low key. I’m working through the learning activities in 7, 8 and 9 now and not much has changed in my approach to studying lately. I also need to actually enter all my answers from the learning activities I have completed online. This method could become a bit cumbersome if […]