The Tax Professionals Blog

The IRS voluntary return preparer certification program is a win- win for consumers and tax professionals alike.

Posted by Lee Reams II on

Much has been written about and debated regarding the new IRS Voluntary Annual Filing Season Program (AFSP) and how it affects the tax preparation industry. When the IRS launched the RTRP program some years ago, the primary goal was to ensure that all tax preparers had a minimum amount of annual continuing tax education.

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California Registered Tax Preparers Get Special Treatment under the New IRS Voluntary Annual Filing Season Program.

Posted by Lee Reams Sr. on

To prepare tax returns in California, non-exempt(1) tax preparers must meet the education and registration requirements of the California Tax Education Council (CTEC). Initially, this requires an applicant to pass a 60-hour qualifying education course and subsequently meet the annual 20-hour education requirements to become a California Registered Tax Preparer (CRTP). CRTPs are required to reregister with CTEC annually. CTEC only reregisters those who have completed their annual CE requirements.

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Affordable Care Act (ACA) Legal Challenge

Posted by Lee Reams Sr. on

This case challenges the medical insurance subsidies (Premium Assistance Credits) provided to low-income families under ACA.

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CTEC Raises Registration Fee to $33

Posted by Wendy Claypool on

Effective August 1, 2014, the California Tax Education Council (CTEC) will increase its annuaregistration fee for tax preparers from $25 to $33.

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Franchise Tax Board Contacting Business Tax Non-filers

Posted by Lee Reams Sr. on

The Franchise Tax Board (FTB) is sending letters to more than 45,000 California businesses that have not filed their 2012 state income tax returns.

Each year FTB reviews more than 5 million income records received from the IRS, the State Employment Development Department, the State Board of Equalization, financial institutions, and other businesses. 

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