Blog
Detecting and Preventing Tax Fraud
Did you know that tax fraud costs the US government billions of dollars in revenue each year? As a tax preparer, you are critical in identifying and preventing tax fraud, ensuring the tax system's integrity, and maintaining public trust. This blog explores the role of tax preparers in identifying tax fraud and the...
IRS to Reinstate Automated Reminder Notices for Past-Due Taxes
A significant development will soon impact you, the tax professional, and your clients: the reinstatement of automated reminder notices for unpaid taxes from taxable years 2021 and earlier. This initiative, outlined in IRS Notice 2024-07, is designed to assist tax professionals in managing client accounts more...
Understanding The 2024 IRS Annual Federal Tax Refresher (AFTR) Outline
The IRS Annual Filing Season Program (AFSP) is designed for non-credentialed tax preparers aiming for enhanced professionalism, offering a Record of Completion and inclusion in the IRS's Directory of Federal Tax Return Preparers. This public directory helps verify a preparer's qualifications, promoting ongoing...
The Tax Benefits Of A Health Savings Accounts (HSAs)
Health Savings Accounts (HSAs) are not just a way to pay for medical expenses; they're a strategic tax planning tool that can significantly impact your financial health. For tax preparers, understanding the tax benefits of HSAs is crucial to providing comprehensive advice to clients. This blog delves into the world of...
Effective Client Communication Strategies
In the intricate world of tax preparation, communicating effectively is not just an asset; it's a necessity. For tax professionals, establishing a rapport with clients goes beyond mere transactions—it builds trust, ensures clarity, and fosters long-term relationships. Understanding Your Audience Each...