Tax Preparers

Tax

IRS Gives More Time to Taxpayers and Preparers Affected by Sandy

The IRS announced it is granting taxpayers and tax preparers affected by Hurricane Sandy until November 7, 2012, to file returns and accompanying payments normally due October 31.
Tax

Attention, Shoppers: Tax Returns on Sale!

Are consumers inclined to drop off their tax returns at a department store kiosk after shopping for linens, sporting goods, or electronic gadgets? Both Liberty Tax Services and Jackson Hewitt are betting they are.
Practice

Will Outsourcing Overseas Cut You Some Slack?

Do you think you're the only one in your office who can complete tax returns "the right way?" If so, outsourcing some of your tax work to India or some other foreign location isn't for you.
Tax

Will the Courts Uphold IRS Efforts to License Tax Preparers?

The IRS is confident that its initiatives to increase regulation of tax preparers will be found legal, despite challenges from opponents. Last week, IRS Commissioner Doug Shulman, said the new requirements were being implemented carefully and would "help smoke out unscrupulous preparers."
Tax

Lawsuit Charges IRS with "Power Grab" in New Tax Preparer Regulations

The Institute for Justice filed suit against the IRS on behalf of three independent, paid tax return preparers, challenging the IRS' authority to license and regulate paid tax preparers. The IRS instituted new requirements for paid tax preparers last year. The new regulations will be phased in over a three-year period.
Tax

IRS Discloses Favorite Tax Scams of 2012

The Internal Revenue Service has issued its annual Dirty Dozen ranking of popular tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud.
Community News

AccountingWEB Readers Find Time Management a Challenge

Few readers think time management is their strong suit, with the vast majority of respondents to a recent survey – 87.3 percent – saying they're either "OK, not great" at it or "could use some improvement." It's no wonder. During tax season, most accountants feel the tensions of too much work and too little time.
Tax

'Auld Lang Syne': Don't Forget Your PTIN

Amidst the hubbub of the upcoming holidays, don't forget to renew your Preparer Tax Identification Number (PTIN) before January 1, 2012.
Tax

Alabama Tax Preparer Gets Jail Time for Falsifying Tax Returns

Chiquita Q. Broadnax, a resident of Montgomery County, AL, has been sentenced to 18 months in prison for her involvement in a fraudulent tax return perpetration scheme.
Tax

IRS Launches Competency Testing for Tax Return Preparers

The Internal Revenue Service has announced that it is ready to roll out its new competency test for tax return preparers. Test scheduling will begin the week of November 28.
Tax

AICPA: IRS Should Revise Proposed Regs Regarding Competency Exam and Fingerprinting for Tax Preparers

Patricia A. Thompson, chair of the AICPA Tax Executive Committee, is urging the IRS to make changes to the user fee regulations it has proposed for tax return preparers as part of its preparer oversight program.

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