Blog
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...
WHAT QUALIFIES FOR THE R&D TAX CREDIT?
What Qualifies For The R&D Tax Credit? Did you know that 87% of R&D credits are claimed by companies with over $100 million in revenue? But, these credits aren’t made exclusively for large businesses. So why do so many small to medium businesses (SMBs) miss the R&D credit? There are a few...
THE POWER OF ZERO – HOW TO GET TO THE 0% TAX BRACKET IN RETIREMENT
THE POWER OF ZERO – HOW TO GET TO THE 0% TAX BRACKET IN RETIREMENT The tax rate in recent years has been low in comparison to previous decades. However, we know that the tax rate is set to increase on January 1, 2026. It’s a popular belief that taxes will need to go up in order for the government to continue...