Hurricane Sandy created widespread impact by devastating highly populated areas of the East Coast. When natural disasters strike, the IRS typically creates special rules that tax preparers discover in
The tax circumstances of some individual cases are not often encountered, but do arise on enough occasions to demand proper action by alert tax professionals. One situation found during tax work is So
Tax consequences for educational expenditures normally consider only college costs. But continuing professional education for adults might also have tax implications.
Many individuals complete CPE
People have many choices among professionals when selecting an income tax representative. Therefore, a part of tax preparer duties is conveying to the public what qualifications are necessary for hi
The IRS has confirmed the registration requirements that every federally authorized tax practitioner must complete for practicing in 2012. All tax return preparers must renew their Preparer Tax Identi
In today’s strained economic conditions with high unemployment, many individuals are withdrawing money from their IRAs before reaching age 59½ . When paid tax preparers encounter these situations,
In recent years, capital losses on the sale of investments have frequently exceeded the $3,000 per year limitation. This is the annual threshold of capital losses that are deductible against ordinary
An enrolled agent negotiating an IRS settlement for a taxpayer will sometimes reach an impasse. Such occasions are opportunities to break the stalemate with supplemental terms to the negotiation. An i
At some point during every enrolled agent career a taxpayer will claim that a motor home is a business asset. This individual will expect a tax deduction for using the motor home instead of a motel wh
Preparation of tax forms for businesses usually require some special knowledge, such as the details covered in an enrolled agent course. Individuals who unexpectedly find themselves earning income as
