After completing the Comprehensive Tax Course, it became readily apparent that I needed a method for organizing my completed assignments. When I sat down to do some tax homework the other day, I noticed a growing stack of forms and schedules on my desk. I like to keep my completed assignments because sometimes I want […]
Displaying: Income Tax School
There’s Always More to Learn
As I work through the Advanced tax course it has been interesting to see how much additional information there is beneath the surface. While the Comprehensive tax course spent a lot of time getting me comfortable with basic tax return preparation (by hand as discussed in a previous post), the Advanced course really builds on […]
Will Tax Preparers Be Regulated in the Future?
The RTRP debate is not a new topic within the tax industry. It started on January 1, 2011 with the IRS’s enactment of new IRS Preparer Regulations requiring registration, testing and annual continuing education for previously unregulated tax preparers who prepare tax returns for compensation. The IRS regulation introduced a new professional designation called the […]
BREAKING: Court Rules in favor of IRS
BREAKING: A federal court ruled that the IRS does in fact have the authority to provide tax credits to individuals purchasing health insurance on the health insurance exchange. Get the full story on Accounting Today here. Related Articles: The Affordable Care Act: What You Should Know as a Tax Preparer Loving Vs. IRS: What […]
The Holidays Are Over!
As much as I enjoyed the holiday season and the short work weeks, everything is definitely back into full swing again. Especially for those of us interested in doing taxes. Unfortunately, some unexpected obligations that have come up for me mean that I won’t be able to work on the experience requirement for the CTP® […]
Why Your Tax Return Should be Prepared Early
IRS has announced that the first day they will accept 2013 individual Form 1040 income tax returns will be Friday, January 31, 2014. That is the date you or your tax preparer will be able to e-file your return. However, many taxpayers will have their W-2s and all other necessary documents and information available […]
Are you prepared for this coming tax season?
Tax season is almost upon on us and by now I’m sure your brain is in gear and ready to start taking clients. There’s a lot to do to prepare for tax season and once you’re in the thick of it you’ll be sorry if you haven’t dotted all your i’s and crossed all […]
The Value of Internet Marketing [Discussion]
We recently received a great question on our website and would like to share it with our blog readers and community. The question: “How valuable and important is Internet marketing and getting a presence on face book, twitter and other social network for a small tax office?” Our response: As a small tax office, building […]
How to Choose Suitable Tax Software
Every tax preparer needs suitable tax software to be able to properly prepare and file returns. If you’re a tax business owner, you’re going to need the right software for your employees to utilize during tax season. If you are an independent tax preparer, you will need the right software to prepare returns for your […]