The Tax Professionals Blog
Obama Care Adds New Levels Of Complexity To The Tax Return
Posted by Lee Reams Sr. on
The insurance mandate, along with its low-income subsidies available from the insurance marketplaces and penalties for not being insured, is going to involve a massive amount of information reporting that must be fed into the tax return by the preparer. So get yourself a white smock, because you are now part of the U.S. health care system!
California Tax Preparer Sentenced to 18 Months
Posted by Lee Reams Sr. on
A former California tax preparer was sentenced Monday to 18 months in prison after pleading guilty to charges that he filed dozens of false tax returns with the Internal Revenue Service.
Update - Get Those Circular 230 Disclaimers Off Your E-mails!
Posted by Lee Reams Sr. on
Seems most practitioners are ignoring the fact that the recent Circular 230 amendments have eliminated the need for the Circular 230 disclosures at the bottom of their e-mails.
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.
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.