Tax Preparation: A New Career Option for Displaced Bank & Financial Professionals? By Charles E. McCabe, CEO, Peoples Income Tax, Inc. A new career in income tax preparation could be a safety net for some of the thousands of bank and financial services employees who are losing their jobs due to the economic crisis. Many […]
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Chuck McCabe Comments on Tax Preparer Performance Standards
IRS Public Forum on Tax Preparer Standards Ronald Reagan Building, Washington, DC 9:00 a.m. July 30, 2009 Input by Charles E. McCabe Chairman, National Alliance of Tax Business Owners President & CEO, Peoples Income Tax, Inc. and The Income Tax School I attended this Public Forum as an observer and I am writing to provide […]
NSA Tax Preparer Regulation Update
TAX PREPARER REGULATION – WHERE ARE WE? Why Regulate Preparers? Requiring Preparer Tax Identification Numbers To Test or Not to Test? Continuing Education Requirements Who Would Regulate Preparers? When Would Any Changes Go Into Effect? Why Regulate Preparers? The introduction of tax preparation software for commercial preparers has made it possible for people who never […]
Tax Firms Support IRS Preparer Regulations
http://www.timesdispatch.com/business/local/companies/tax-preparation-firms-favor-reinstating-irs-rules/article_c89fd9dc-1a27-516d-8d68-5ddbfabd36cf.html?goback=%2Egde_1905842_member_208384532
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Compared to other courses
We can still say that ITS was regarded by Intuit as “Best in Class” without referencing the Intuit Tax Education Program that is no longer offered. The Income Tax School (ITS) is an IRS-Approved CE provider and also a NASBA sponsor for CPE for CPAs. ITS was chosen by Intuit above all other income tax […]
How the Government Shutdown Will Affect Tax Season
If you ask the White House how the current government shutdown is going to affect tax season, the answer is that it’s not. According to IRS Commissioner Chuck Rettig, “We are committed to ensuring that taxpayers receive their refunds notwithstanding the government shutdown.” But if you read between the lines and read what has been […]
Tax News Recap: Tax Season is Here!
Tax season is officially underway! As we get into the thick of it, here are some tax news update you should know about. 401K contribution limits increased Good news! In 2020, you can put more into your 401k. Contribution limits and profit-sharing plans have both increased. Workers can put away an extra $500 and those […]
How to Start A Home Tax Business
The desire to work from home has exploded in recent years, and with wages stagnating across the country, so has the desire to start your own business. Tax preparation is a great careers that satisfies both, as you can work from home immediately and start your own business with relatively low start up costs. Starting […]