The regulation of paid tax professionals by the IRS has entered a new phase in 2012. With few exceptions, working in the tax business during the past two years required you to possess a Preparer Tax I
The Internal Revenue Service Advisory Council advised a few months ago that the IRS postpone implementing rules for certain tax preparers. Affected individuals are those with tax preparer careers who
The most important part of registered tax return preparer work is awareness of basic tax rules for various situations. Memorizing every detail in the income tax code is not only impossible but also un
The IRS has finally released results for the early participants in the registered tax return preparer examination process. The test was first available last November and some eager individuals enliste
Among the important judgments tax professionals are called upon to make for tax returns entails situations where activities create losses. In most cases, tax-deductible losses addressed in study to be
IRS guidance about the tax treatment of cell phones provided by employers also applies to employer reimbursements for business use of personal cell phones. This news may have escaped last fall’s tax
Adoption Tax Benefits: Credits & Deductions
The last thing on a future parent’s mind of an adopted child is what benefits, beyond the impact on a child’s life, might be available. However
Maximizing Taxpayer Retirement Credits & Deductions
For taxpayers in the current economy, being able to save for retirement and enjoy those “golden years” is becoming more difficult proposi
Understanding the Benefits of the Small Business Jobs Act
Although it is a scary time for many entrepreneurs and small business owner, there may well be some light at the end of the tunnel ta
Barters and trades of goods and services represent an increasingly significant percentage of our economy, especially among small businesses, many of which have turns to one of the oldest forms of comm
