Blog
What Happens When Your Client is Under IRS Criminal Investigation and You Prepared the Return?
Robert P. Brennan, a CPA who was an IRS agent for 13 years, provides MTCO with a comprehensive look at how to handle your client being investigated by the IRS. During an audit, criminal intent can come to light, which moves a case to the fraud division of the IRS. As the accountant or tax preparer involved in the...
Adjustments to Income: More Than They Appear
Tanya Baber is an Enrolled Agent and Certified Tax Resolution Specialist who has been practicing since 1994. Tanya is a frequent speaker on a variety of tax subjects, and took some time to delve into Income Adjustments and why they are not as simple and straightforward as they might seem to be. Income Adjustments are...
IRS Opens PTIN Season
The Internal Revenue Service has announced that Preparer tax identification number (PTIN) applications and renewals for 2022 are now being processed. PTINs generally can be renewed beginning in mid-October and are valid for the following calendar year until December 31. A valid PTIN must be obtained by anyone who...
The Basics of Penalty Abatement Overview
The Basics of Penalty Abatement Overview If you're looking for more insight into the basics of penalty abatement this course hosted by Tanya Baber EA, CTRS, NTPI Fellow will give you an overview of the penalties, specifically the ones you’re more likely to encounter in your practice, and go over the IRM Part 20 and...
IRS Regulation of Tax Preparers Coming Soon?
Tax Preparer Regulation Gaining Momentum Again Even since the Registered Tax Return Preparer Legislation was overturned in 2013 and replaced with a voluntary AFSP Program is has been thought the IRS may again attempt to regulate tax return preparers to reduce tax return errors and fraud that costs the government...