Written by: Chuck McCabe In the fall of 1981, 20 years before 9/11, I graduated from the XMBA program at Pace University in Manhattan (my birthplace). Our morning graduation was held in the Pace Schimmel Center at the foot of the Brooklyn Bridge. Several larger XMBA classes in addition to our small class of 17 […]
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My Memory of the World Trade Center
In the fall of 1981, 20 years before 9/11, I graduated from the XMBA program at Pace University in Manhattan (my birthplace). Our morning graduation was held in the Pace Schimmel Center at the foot of the Brooklyn Bridge. Several larger XMBA classes in addition to our small class of 17 were also graduating. Our […]
IRS RTRP Exam Update
I spoke with Prometric in the Exhibit Hall at the IRS Tax Forum in Atlanta and they advised that the IRS Exam will be live this October. This was also confirmed in a seminar by the IRS. IRS has still not released the exact content of the exam; however, we understand it will cover […]
Should you get out of the ‘fast refund’ business?
If you are an independent tax business owner who is capable of preparing complex tax returns, the answer may be “Yes”. The latest proposal is for IRS to develop its own free tax preparation software to “cut-out the middle man” (tax preparers). I was serving on the IRS Electronic Tax Administration Advisory Council when the […]
IRS Urged to Provide Its Own Tax Software
Click to view full article at AccountingToday for the Web CPA
The tax preparation business has changed significantly in recent years, and even more dramatic changes are coming in the future. To survive and grow, independent tax businesses must also change. These changes will include new marketing strategies and tactics, adoption of new technologies, new methods of recruiting and training tax preparers, new ways to operate a tax […]
Small Business Owners and Tax Preparation
Here is some interesting research about how small business owners feel about tax preparation. They says that it is both harder and more time consuming than last year. Adding or expanding services to small business clients can be an excellent way to grow year-round revenues for tax preparation firms. Click here to read the research
Free Broadcast from IRS Live – Requirements for Federal Tax Return Preparers
Presented by the Return Preparer Office Date: March 30, 2011 (archived* for later viewing) Time: 2 p.m. Eastern This FREE broadcast is for: All Paid Tax Return Preparers Since Jan. 1, 2011, a new registration requirement has been in place for federal tax return preparers. View this broadcast to hear about: Early program accomplishments Preparer […]
IRS Kicks Off 2011 Tax Season with Deadline Extension
The following is a news release from the IRS. WASHINGTON — The Internal Revenue Service today opened the 2011 tax filing season by announcing that taxpayers have until April 18 to file their tax returns. The IRS reminded taxpayers impacted by recent tax law changes that using e-file is the best way to ensure accurate […]