When is it appropriate for a tax preparer to report fraud and how is fraud reported to the IRS? One year I had a taxpayer come in to apply for a RAL. His return had been prepared by an attorney and he just wanted us to enter it into our system so we could e-file […]
Displaying: Income Tax School
Hiring Tax Preparers
I am often asked to explain how we use our Income Tax School as a tool to recruit & train qualified seasonal tax preparers. When I founded Peoples Income Tax in 1987 after working for 19+ years for H&R Block, I decided to start my own Income Tax School to recruit and train tax preparers. […]
It Can Be Lonely at the Top
Being an entrepreneur can be very challenging because, as the “CEO”, you have no one in your business with whom you can interact at a peer level. And you have no superior to provide guidance. It can be very lonely at the top. No one really seems to really understand the challenges you face, not […]
IRS Tax Preparer Regulation to Boost Continuing Education Classes
Required IRS Tests and Annual Continuing Education Will Increase Demand for Tax Courses & Seminars On January 4, 2010 the IRS announced its decision to regulate tax preparers and require tests of basic competency, plus annual Continuing Professional Education (CPE). According to the IRS, higher standards will boost protections and service for taxpayers, increase confidence in […]
The Income Tax School Nominated as a Greater Richmond Company to Watch
Richmond, VA –- October 2, 2008 – The Income Tax School has been nominated as a 2008 Greater Richmond Company to Watch (GRCTW), an annual event recognizes a select group of innovative companies with high growth potential. According to the GRCTW sponsor, The Venture Forum, “Greater Richmond Companies to Watch were chosen for their ambition […]
The Income Tax School Approved for Oregon Tax Preparers
Richmond, VA – October 15, 2008 – The Income Tax School (ITS) has become licensed as a private career school by the Oregon Department of Education and announced the debut of an online version of its Comprehensive Income Tax Course approval by the Oregon Board of Tax Practitioners to meet Oregon tax preparer licensing requirements, […]
Pending IRS Tax Preparer Regulation Spawns Chartered Tax Professional Certification Program
The Income Tax School today announces their Chartered Tax Professional – CTP® program, designed to be the industry standard for training paid tax preparers. Richmond, VA, Sept. 28, 2006 — Federal legislation regulating paid tax preparers is moving forward in the Congress. On June 28, 2006, the bill that would regulate paid tax preparers, S. […]
Peoples Tax School Embarks on National Expansion
August 1, 2006 Richmond, VA — Peoples Income Tax, Inc. President Charles E. McCabe announced that the company’s Peoples Income Tax School (PTS) division has developed a series of new tax preparation courses and Continuing Professional Education (CPE) programs, as well as the Internet infrastructure and distribution channels to become a significant national player in […]
Peoples Tax School to Provide Continuing Education for Certified Financial Planners
June 6, 2006 Richmond, VA — Peoples Income Tax School President, Charles E. McCabe, has become a new provider of Certified Financial Planner (CFP) Continuing Education (CE) as a sponsor of the CFP Board of Standards, Inc. Four Peoples’ 30-hour courses in Basic, Intermediate, Advanced and Small Business Income Tax Preparation have been approved by […]