An important tenet of the tax preparation business is expecting anything. Taxpayers will for example insist on a tax position that appears logical but is probably not legal. Caution is always advisabl
After you become a tax preparer, the best way to attract clients is giving them instructions about how to find superior tax services. The next step is then to simply position yourself as ideally meeti
Most tax practitioners are careful to obtain accurate amounts from clients that correctly identify income and deductible expenses. When the figures on a tax return are inaccurate, the taxpayer is pena
The relationship between a tax professional and client is based upon trust. Taxpayers expect confidential treatment of their information. Of course, the professionals in tax preparer employment don’
One of the situations where paid tax preparers often wish they could un-hear something is when clients state that payments they received in business are not income. Such comments always demand inquiry
A little conversation between a taxpayer and a paid tax preparer can uncover plenty of details about tax return items. Unfortunately, this can often place tax professionals in the position of having t
Although tax practitioners cannot use the designation of Registered Tax Return Preparer until the RTRP exam is offered and they attain passing scores, they are already subject to tax preparer ethics.
The IRS has announced proposed regulations that will change paid tax preparer training for returns that claim the Earned Income Tax Credit (EITC). If implemented as expected, the procedure becomes eff
Competent tax return preparers should take care to not perpetuate taxpayer negligence in making required disclosures to the IRS. When professionals with Registered Tax Return Preparer certification le
A rumor has circulated that the IRS might provide tax preparation services in the future. The idea may appear far-fetched for now, but the government is under pressure to develop novel ways of increas
