The Tax Professionals Blog
Oh What a Relief It Is For Form 3115!
Posted by Rick Kolstad on
At the suggestion of the AICPA and to ease the administrative burden faced by small business taxpayers in applying the final tangible property regulations beginning in 2014, the IRS, in Rev Proc 2015-20 has provided relief for small businesses in complying with the tangible property regulations that allows the new regulations to be applied prospectively rather than retroactively.
The 2015 Enrolled Agent Tax Update CPE Course is now live!
Posted by Wendy Claypool on
If we have learned anything from this tax season, it is that getting a grasp on the tough issues before the season starts is crucial. We have already integrated the latest extenders and law changes into the 2015 Edition of our popular Enrolled Agent (EA) CPE course.
The 2015 CTEC Tax Update CPE Course is now live!
Posted by Wendy Claypool on
If we have learned anything from this tax season, it is that getting a grasp on the tough issues before the season starts is crucial. We have already integrated the latest extenders and law changes into the 2015 Edition of our popular California Registered Tax Preparers (CRTP) CPE course.
Court Dismisses AICPA suit against IRS Voluntary Tax Preparer Suit
Posted by Lee Reams II on
A federal judge, James Boasberg, the same judge who handed down the Loving v. IRS ruling last year invalidating the IRS’s attempt to impose mandatory testing and continuing education of non-credentialed tax preparers, has dismissed a lawsuit against the Internal Revenue Service by the American Institute of CPAs over its new program offering voluntary education and testing of non-CPA tax preparers.
IRS is Sending EITC Due Diligence Warnings
Posted by Lee Reams Sr. on
During October the IRS will send warning letters to preparers who appear not to be complying with due-diligence requirements for the Earned Income Tax Credit.