Are you a CRTP That Can No Longer Represent Your Clients before the IRS?
If you failed to check the box in your IRS PTIN account that you would abide by Sub-part B of Circular 230 you can no longer represent y...
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The Tax Professionals Blog · 446 articles
Late Filing & Late Payment Penalties Relief
The Internal Revenue Manual (IRM 20.1.1.3.6.1) provides a one-time administrative abatement of late filing and late payment penalties, co...
Read moreThe Christian Healthcare Ministry Exemption
Several students have submitted questions related to health care “insurance” obtained from the Christian Healthcare Ministry and the fact...
Read moreOverlooked Health Insurance Deductions Strategies
Self-employed individuals may take above-the-line deductions (generally limited to the net earnings from self-employment) for the amount ...
Read moreIRD Income and the Frequently Overlooked Estate Tax Deduction
When a client comes in with a 1099R or Schedule K-1 with income from an inherited individual retirement account (IRA), ask two very impor...
Read moreForcing Itemized Deductions Can Reduce the Alternative Minimum Tax
For Alternative Minimum Tax (AMT) purposes, only medical costs (net after the AGI reduction), acquisition debt interest, investment inter...
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