Stuck with too much Halloween candy? Consider this list of ways to empty your bag… and don’t forget to consider the tax consequences!
Earlier this year, the AICPA filed suit against the IRS to stop the new Annual Filing Season Program. The court has ruled and IRS gets the win (on procedure).
It’s that time of year again! With the 2015 tax filing season just months away, IRS reminds tax preparers that they must have a valid PTIN. And for those seeking voluntary credentials, the AFSP will be opening shortly.
Today, a federal court judge dismissed two high profile lawsuits against the Internal Revenue Service over its handling of tax exempt organization applications. What do those rulings mean for other tax exempt organizations? The answer might surprise you.
Trying to reach IRS over the long weekend? Hoping to use e-Services to file by the extension, match a TIN or other service? You’re out of luck until Tuesday.
You thought about it for a long time. You talked about it for weeks. There were letters and emails and maybe even the occasional phone call. You were counting down the days. And then it happened. You filed your taxes. You got your copies (and maybe a little refund on the side). But now that’s it’s over, maybe you’re feeling a little let down. You haven’t heard from your tax professional in a while. And you’re getting the sense that maybe she* wants to move on. Spoiler alert: She probably does. Let me break it down for you: taxes may …
In about an hour, New Yorkers can do their laundry and their taxes too, free wash included…
The Appellate Court leveled a blow at IRS attempts to regulate tax preparers this week, finding that IRS did not have the authority to do so. Dan Alban, lead attorney for the plaintiffs who brought the original case, lauded it as good news. He had said previously that “Tax preparers have the right to earn an honest living without permission from IRS.” Looks like he was right.
Hiring a tax preparer can be tough – but sometimes you just have to ask the right questions. Here are 11 questions to consider when hiring a tax preparer.
In a scathing 233 page ruling issued earlier this month, U.S. District Judge Timothy S. Black ordered Instant Tax Service (“ITS”), the fourth-largest tax preparation business in the United States, to shut down its operations. In his ruling, Judge Black wrote that he agreed with the federal government that “[t]his case presents an astonishing array of repeated fraudulent and deceptive conduct” by the Defendants. The Defendants included Fesum Ogbazion, the CEO and sole owner of ITS Financial, and his three companies: ITS Financial, Tax Tree and TCA Financial. The decision followed a nine day bench trial where evidence, according to …