January 19, 2013 By MATTHEW BARAKAT of The Associated Press FALLS CHURCH, Va. — A federal judge on Friday barred the IRS from imposing a series of new regulations, including a competency exam, on hundreds of thousands of tax preparers. U.S. District Judge James Boasberg in Washington ruled against the IRS in favor of three […]
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IRS Loses Lawsuit in Fight Against Tax Preparers
U.S. District Judge James Boasberg in Washington ruled against the IRS in favor of three tax preparers who filed suit last year with the help of a libertarian legal group, the Arlington, Va.-based Institute for Justice. Since 2011, in response to what it says has been a growing problem of poorly done returns, the IRS […]
IRS Announces Simplified Option for Claiming Home Office Deduction
Jan. 15, 2013 WASHINGTON — The Internal Revenue Service today announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes. In tax year 2010, the most recent year for which figures are available, nearly 3.4 million taxpayers claimed […]
What frustrates you as a tax preparer?
From: Cindy VanBeckum [mailto:vcindyvb@natptax.com] Sent: Friday, January 04, 2013 9:42 AM To: Chuck McCabe Subject: TAXPRO Journal Article What frustrates you as a tax preparer? One NATP member tells us that he is exasperated with the inconsistency of 1099 forms. He writes: “The Edward Jones investment statement is a portrait form that stacks sales on […]
Corporate returns…where is the best training?
The comments below were posted on Tax Business Owners of America: I prepare personal returns and I have been getting a few clients that want me to prepare corporate returns What is the best option for getting the best education to gain the best knowledge on preparing these returns? I understand that there can be […]
CE Requirement and PTIN Renewal Reminder
If you are an unenrolled tax preparer, you must complete your 15 hours of CE by Monday. If you haven’t already renewed your PTIN you should do so as without delay. You are not required to complete your CE prior to renewing; however, you will be asked to check a block to indicate that you […]
15 Test-taking Tips for the RTRP Exam…… FREE White Paper
This Free white paper will help you to become familiar with the IRS Registered Tax Return Preparer (RTRP) Exam and be prepared to pass the test. The white paper also provides links to additional valuable free information and resources. If you want to become a paid tax preparer you should get this free white paper […]
What qualities does a person need to be successful as a tax professional?
The most important attribute of a successful tax preparer is excellent people skills. Of course the applicant must also have the aptitude to learn tax law and the image and communication skills to command the respect of the clients, as well as the qualities desired of any employee. A person can be taught to prepare […]
Growing Demand for Tax Education Nationwide
The Income Tax School Launches New Website (link below) to Meet Growing Demand for Tax Education Nationwide http://www.prweb.com/releases/2012/11/prweb10171821.htm