Time is running out for renewal of paid tax preparer registration. Every experienced tax return professional must renew a Preparer Tax Identification Number before December 31. People beginning in the
The notable feature about the IRS list of qualified medical expenses is the omissions. Tax professionals consult the listed expenses for more purposes than merely studying for the tax preparer exam. E
The extensive tax knowledge obtained from learning to become an enrolled agent is applicable in many matters for small businesses. Beyond tax return preparation and tax planning, an EA can provide val
When conducting tax preparer 2012 work, many individuals must report income on 2011 tax returns that they didn’t actually receive. People who converted traditional retirement accounts to Roth IRAs i
Tax professionals looking for ways to utilize their high level of expertise possessed from passing the enrolled agent exam should promote themselves to taxpayers most likely to encounter an IRS aud
Starting in 2012, tax preparer jobs will entail asking some additional questions of individuals with business interests or rental properties. The IRS has modified Schedules C, E, and F to include two
Although the registered tax return preparer exam is not a requirement for work on 2011 tax filing, other mandates are already in place. New regulations are imposed on anyone who expects to continue pr
Sometimes a legitimate tax-saving opportunity is misunderstood by the public and turns into an illegal action. The most common cases where these plans go awry occur with small business tax preparation
Preparation of tax returns naturally requires client data in order to apply the rules learned in tax preparer education. One of the challenges for professional tax practitioners is dealing with imprec
The IRS ended its controversial outsourcing of debt collection to private companies in 2009. That move brought expectations that IRS employees would have greater success at collecting tax debts. But e
