Category Archives: Tax Professionals

Everything You Want to Know About the EA Exam 2017

The REPLAY of the March  2017 webinar is HERE! Becoming a knowledgeable tax professional isn’t easy. It takes a lot of dedication, math skills, and the flexibility to keep up with the myriad of tax law changes that take place each year.  But it can be done. And TaxMama’s EA Exam Review Course  is the best […]

W-4 Time

Today TaxMama® hears from Bingo1 in the TaxQuips Forum, with this disturbing question. “On the w4 form I believe the amount for line 5 is 2 because my husband is the only one working and I don’t work. I have two kids. Is that correct? My CPA told me I should use 1 on line […]

When a Client Doesn’t Pay the Tax Pro

Dear Folks, No offense intended. But when you engage the services of a tax professional, the concept that the IRS has in mind is that you are working with a “paid professional.” If you don’t pay that tax pro, then their signature on your tax returns and/or other documents is not valid – because they […]

Care and Feeding of your PTIN Series – Session 1 – Maintaining Your RTRP

NOTE: All regulations re:RTRPs have been suspended – these rules no longer apply. The IRS established new regulations for tax professionals recently. After nearly 100 years without any form of tax preparer licensing or overview, it’s time for tax preparers to exhibit that they have a fundamental understanding of tax law, tax preparation and ethical […]

Starting a Tax Practice

Today TaxMama® hears from John with this naïve question. “I have been mulling about this idea for a long time. I want to start a tax prep and services business. I have been doing returns for friends and associates for the past 2 years and want to incorporate. What is my first step? And then […]

Catch 22

Today TaxMama® hears from Gina in the TaxQuips Forum who’s going around in circles. “I have not been able to get in contact with my tax guy for months. I’m afraid he may be ill, dead or out of business – and I live too far away to go to his office. I sent my […]

Bookkeeping

Today TaxMama® hears from Mary in the TaxQuips Forum who remembers. “During one of the registered tax return preparer (RTRP) presentations on May 15, or 17th, the instructor mentioned getting clients familiar with bookkeeping software. Several names were mentioned. Can you give me the name of the software?”

How Old is Too Old?

Today TaxMama® hears from Saroj in the TaxQuips Forum with a valid concern. “I have been doing taxes for last 20 years or so. I was thinking of taking the EA exam. But I added Financial Advising to the practice (HD Vest) and QuickBooks, also. I am 62 years old; so I don’t know how […]

Opps, Missed a W-2 !

Today TaxMama® hears from John in the TaxQuips Forum with a little problem. “Reviewing my Federal taxes after my tax preparer did them, I discovered she only had 1 W-2 form listed on my return but she sent copies of both with the taxes. Just wondering what is going to happen when the IRS gets […]