Tag Archives: tax preparer

Ask TaxMama Issue 598 Happy Mothers Day weekend

Dear Family, Happy Mothers Day weekend. Rather than going to crowded, noisy, over-priced places with bad service on Sunday, consider having everyone go to Mom’s and bring the food and dishes. She won’t have to cook or clean up – and you’ll all have a better time.   Good news for taxpayers like you, and all […]

Ask TaxMama Issue 594 April Fools Day

Dear Family, Happy April Fool’s Day! This morning I read a CNN story about a family with a $54,000 tax refund. The H&R Block office was apparently so surprised that they repeatedly recomputed the tax return to see if there was a mistake. There wasn’t. And this is not an April Fool’s Prank! It turns […]

Beware of Tax Scams

Courtesy of IRS The IRS wants taxpayers to be aware of tax scams. These scams are illegal and can lead to problems for taxpayers including significant penalties, interest and possible criminal prosecution. The schemes take several shapes, ranging from promises of large tax refunds to illegal ways of “untaxing” yourself. Here are three important guidelines […]

New IRS Oversight of Tax Preparers Will Take Several Years to Become Fully Operational

Courtesy of TIGTA: WASHINGTON -­ New Federal oversight of paid tax preparers will not be fully operational until 2014, according to a report publicly released today by the Treasury Inspector General for Tax Administration (TIGTA). While the Internal Revenue Service (IRS) is requiring an estimated one million paid tax preparers to register and receive Preparer […]

March IRS Live Webinar Focuses on Requirements for Federal Tax Return Preparers

WASHINGTON — The Internal Revenue Service’s next IRS Live webinar, “Requirements for Federal Tax Return Preparers” is Wednesday, March 30, at 2 p.m. Eastern Time. The program will include current information on early program accomplishments, Preparer Tax Identification Number (PTIN) guidelines, plans for upcoming competency testing and continuing education, background checks and electronic filing requirements.

Ask TaxMama 580 – The Votes are In

Dear Family, Join me soon. I will be visiting Gina and Kat at the Moms Making a Million Radio Show Friday 8:00 AM PT www.blogtalkradio.com/momsmakingamillion . If you missed the show, you can listen later. This is a delightful site dedicated to helping a million moms make a million dollars. Don’t you want to be […]

Gain on Real Estate

Today TaxMama hears from Toni in the TaxQuips Forum, who tells us.  “I’m doing my own partnership taxes and am confused about entering information. In 2009, I bought, fixed up and sold 2 properties. [and Toni adds lots of details. ] I’m confused because I’ve added the gain twice from Form 4797.  What am I […]

New IRS Rules for Tax Pros

Today TaxMama hears from Bill in the TaxQuips Forum, who is angry  “I don’t want to pay a fee nor spend my time and money on exams and continuing education that I do not choose. I spent my money going through H&R Block tax courses and subscribe to magazines and websites to keep up-to-date with […]

Beware of IRS’ 2010 “Dirty Dozen” Tax Scams

Videos Dirty Dozen: English Message for Tax Preparers: English | ASL Choosing a Tax Preparer: English | Spanish | ASL For this and other videos: YouTube/IRSVideos Courtesy of IRS WASHINGTON — The Internal Revenue Service today issued its 2010 “dirty dozen” list of tax scams, including schemes involving return preparer fraud, hiding income offshore and […]

No Depreciation Schedules

Today TaxMama hears from Enrolled Agent Alison Jacks in  San Francisco who brings up an important issue. “What do you think of the fact that many (dare I say most?) tax professionals do not seem to provide depreciation schedules with the taxpayer’s copy of the tax return? I pretty much blew a fuse yesterday and […]

Taxpayer Protection

Today TaxMama wants to tell you about something really important and exciting. IRS’s first announcement of the year made a big splash. IRS proposes new registration, testing and continuing education of tax return preparers. What does this mean to you? And why is this exciting?