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IRS Return Preparer Initiative

Breaking News about IRS Return Preparer Initiative:


Sponsored Update

IRS e-file Program Starts

The e-filing tax returns has been started. The IRS free e-file program makes tax filing quite an easy proposition.
Read more Feb 3 2014, 11:55am CST
 

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IRS: Don't Call Us, Look It Up On IRS.Gov

IRS: Don't Call Us, Look It Up On IRS.Gov
As the Internal Revenue Service begins  processing an expected 148 million individual income tax returns for 2013...
Read more Jan 31 2014, 4:55pm CST
 

More From the Web

7 Crippling and Costly Mistakes With Form 1099

7 Crippling and Costly Mistakes With Form 1099
It’s Form 1099 season, and companies big and small are churning them out. If you’re in business–even as a sole...
Read more Jan 28 2014, 4:46am CST
 

CONTINUING THE DISCUSSION ON THE NEED FOR A VOLUNTARY TAX PREPARER CREDENTIAL

Source: The Wandering Tax Pro

In response to my call for a voluntary RTRP-like credential, and the IRS’s new voluntary Annual Filing Season Certification program, many tax professionals state that the IRS already has a voluntary credential – that of Enrolled Agent or EA.I agree that this is a true statement of fact.  A preparer who passes the Special Enrollment Exam and maintains the required 72-hours in CPE over a three-year period has certa ...
Full article at: The Wandering Tax Pro Jul 17 2014, 4:00am CDT
 

Report To Congress: IRS Is Increasingly Unable To Meet Taxpayer Needs

Report To Congress: IRS Is Increasingly Unable To Meet Taxpayer Needs
When Congress threatened “right-sized” budget cuts for the Internal Revenue Service last July, it was a clear swipe at...
Read more Jan 9 2014, 10:56pm CST
 

LET'S GET THIS STRAIGHT

Source: The Wandering Tax Pro

The purpose of a voluntary tax preparer credential is NOT to be able to more closely “regulate” tax preparers – as it appears is all the IRS really wants to do.  The IRS already maintains a database of “approved” tax return preparers via the PTIN requirement, and has in place a system of preparer penalties to “punish” naughty preparers.  The purpose of a voluntary tax preparer credential, whether administered by the IRS or an independent industry-based organization, is to ident ...
Full article at: The Wandering Tax Pro Jul 16 2014, 7:57am CDT
 

Filing Your Taxes Early? IRS Will Not Process Returns Before Opening Day

Filing Your Taxes Early? IRS Will Not Process Returns Before Opening Day
Despite the announcement from the Internal Revenue Service about the late start to tax season, taxpayers are already...
Read more Jan 8 2014, 9:11pm CST
 

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