Record of Completion Deadline Approaching – VERY IMPORTANT!
As we emphasized during last year’s ClientWhys fall seminars, effective for tax returns and claims for refunds prepared and signed after ...
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The Tax Professionals Blog · 446 articles
Tax Extender: Teacher $250 Above the Line Deduction
Background: This provision, which has been available since 2002 and through 2014, allows teachers and eligible educators, grades kinderg...
Read moreTax Extender: Earned Income Tax Credit (EITC)
Background: The EITC for three or children, with 45% credit rate and maximum credit of $6,269 was a temporary increase sun setting after ...
Read moreIRS 2016 Standard Mileage Rates
The IRS in Notice 2016-01 has announced the standard mileage rates for 2016. Due to the declining gas prices in 2015 the rates have take...
Read moreYesterday the IRS issued an announcement (IR 2015-123) that may be misleading to California tax preparers registered with CTEC.
The IRS’s voluntary education program for unenrolled return preparers and others, the Annual Filing Season Program (AFSP), includes the p...
Read moreCalifornia Initiates a State EITC Beginning 2015
California has initiated an EITC beginning 2015. California and twenty-five other states plus the District of Columbia now offer an EITC....
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