10/19/2011 - 12:55 - 3277 reads -
Starting in January 2012, any paid preparer or firm that reasonably anticipates preparing and filing 11 or more Form 1040 series tax returns, Form 1041 returns, or a combination of Form 1040 series returns and Form 1041 returns, will be required to e-file those returns.
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05/11/2011 - 12:37 - 2655 reads
As traditional retirement age draws near for the Baby Boomer generation, many are wishing they had started saving earlier and more aggressively. If you want to help your children avoid that mistake, now is a perfect time to start them on the road to saving for a comfortable retirement.
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04/19/2011 - 15:55 - 2443 reads
Some taxpayers who had arranged for the RMD to be automatically deposited into their checking accounts every December deactivated that service in 2009, when the withdrawal was not required. They're paying the price now in unexpected penalties.
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03/29/2011 - 11:07 - 5444 reads -
The mortgage interest deduction is cherished by many, but the much-maligned student loan is another interest deduction not to be overlooked. And in some cases, parents can even reap the benefit.
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03/17/2011 - 14:06 - 3761 reads
Do you have clients who need a clear explanation of how the medical deduction works? This article explains it all.
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02/16/2011 - 17:08 - 5413 reads
A recent informal poll of enrolled agents (federally-licensed tax practitioners) revealed many common misconceptions among taxpayers
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01/27/2011 - 18:07 - 443 reads
We ask that you take action on H.R. 4, the Small Business Paperwork Mandate Elimination Act of 2011, which would repeal Section 9006 of the Patient Protection and Affordable Care Act (P.L. 111-148) and relieve the extremely burdensome Form 1099 reporting requirements on small business taxpayers.
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12/21/2010 - 17:43 - 3167 reads
Generally, a U.S. citizen or resident who has income from sources within the U.S. Virgin Islands or income effectively connected with a trade or business in the U.S. Virgin Islands is required to file an income tax return with both the United States and the U.S. Virgin Islands.
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12/10/2010 - 13:23 - 502 reads
Speaking of delays, have you received your PTIN yet? I couldn’t get the online system to work. Instead, we mailed in the paper application.
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12/10/2010 - 13:17 - 608 reads
For you, tax season is probably over, and you’re getting geared up for next season by installing new software and cleaning up your files. But your tax software doesn’t work, does it? It can’t. The new laws haven’t passed yet.
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12/07/2010 - 16:31 - 5263 reads -
This is the first of two articles about expenses incurred by clients who are engaged in an activity, and whether such activity can be considered a business or a hobby. In the first article, the scenario of a freelance writer is used to discuss the business vs. hobby issue.
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11/18/2010 - 18:52 - 521 reads
California tax practitioners now have the option to sign up for a package of webcast training from CPE Link that includes a four part Federal Tax Update webcast series and a California Tax update. A total of 18 CPE hours.
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11/05/2010 - 13:08 - 821 reads
NAEA recently has announced three opportunities for speakers and presentations.
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09/29/2010 - 16:55 - 2572 reads
The National Association of Enrolled Agents has announced a new level of membership that was developed for students and instructors of accredited colleges and professional schools.
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09/29/2010 - 16:49 - 3310 reads
National organizations representing consumer, taxpayer, charitable, financial planning, and tax advisor groups have united to urge Congress to enact legislation to ban tax strategy patents.
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