Tax
IRS Unveils Directory of Federal Tax Return Preparers
Yesterday morning the IRS announced the release of a new and improved online public directory of qualified tax return preparers. This directory will serve to satisfy two main purposes, to help taxpayers identify quality prepares and also to help independent prepares gain more visibility and credibility. The IRS...
Independent Tax Preparer Ethics
As an independent tax preparer, ethics are very important. Before offering any service to a client, you should be up to date on current laws and regulations regarding tax ethics, as well as government rules on such practices. Your clients are trusting you with sensitive information and it is vital to your business...
Tax Preparation for a Digital World
It is extremely evident that technology has drastically changed our world over the past few decades. Especially in the way we do business. This causes our laws to be affected as well. One prime example of technology affecting law and business is the rise of digital currency and the bitcoin. Tax professionals must be...
Understanding the Annual Federal Tax Refresher (AFTR)
If you are looking to take the Annual Federal Tax Refresher (AFTR) for the 2015 filing season, there is some important information for you to know. Here are some basics of the refresher course information: Based on the general filing season concepts Will contain tax updates Will contain typical trouble areas,...
Budget Cuts Leading To Fewer Tax Audits in 2015?
In 2014, Congress slashed the IRS budget by nearly $350 million, putting their budget at 10.9 billion, the lowest it has been since 2008. These cuts will leave the IRS operating at a capacity of 17% less than usual and are anticipated to lead to a good amount of staff cuts. So if you are looking to call the IRS for...