8 Signs That It’s Time To Get A New Tax Professional

With the Report of Foreign Bank and Financial Accounts (FBAR) deadline looming (remember, it’s tomorrow), many taxpayers and tax preparers are scrambling to finish up returns. Fortunately, with FBAR submissions out of the way, we all finally have time for a breather: traditionally, July is relatively slow month for many taxpayers and tax professionals. That … Read more

IRS Announces Tax Forums, CPE Credits For Tax Pros

Looking for Continuing Professional Education (CPE) credits? The Internal Revenue Service (IRS) has announced details of the 2015 IRS Nationwide Tax Forums. The forums last three days and over that time, there will be more than 40 seminars and workshops. Those seminars and workshops will provide up to 18 CPE credits for enrolled agents, certified … Read more

10 Tips To Help You Stay Married To A Tax Professional

The fabulous Jeena Cho recently wrote a piece for The Lawyerist entitled “How To Stay Married To A Lawyer.” She made a number of good points, not the least of which is that your spouse’s profession can have a significant impact on your relationship: not all jobs are created equal. It got me thinking and, … Read more

Tax Professionals Targeted In Latest Bogus IRS Email Scam

It turns out that scammers aren’t just targeting taxpayers: tax professionals are on their radars, too. The Internal Revenue Service (IRS) has warned tax professionals to use caution after reports of bogus emails started making the rounds. In the latest scheme, tax professionals are sent a bogus email with instructions to update their IRS e-services … Read more

Looking For A Tax Preparer? IRS Launches Online Directory

The Internal Revenue Service (IRS) has announced the launch of its new online directory of tax professionals. The directory, which was hyped prior to tax season, is intended to assist taxpayers in finding a tax professional for tax season. The directory is searchable by country (for international taxpayers), zip code and last name. You can also … Read more

Form 3115 Adds Confusion & Cost – But May Be Required For 2015

Of all of the questions that I’ve received this tax season, one of the most popular is also one of the most unexpected: What do you do about form 3115? Federal form 3115, Application for Change in Accounting Method (downloads as a pdf), is the form used to request a change in either an overall … Read more

Taxpayer Advocate Reports On Top 10 Most Litigated Tax Issues

What happens when a taxpayer disagrees with the Internal Revenue Service (IRS)? Some people think that the matter ends there: the IRS always wins, right? Not necessarily. There are a few ways to appeal an action with IRS. Ironically, most of those appeals actions are actually taken up with IRS meaning that if you disagree … Read more

A Reminder To Ditch The Disclaimer This Tax Season

It’s officially the busy season for tax professionals which means that the volume of correspondence, including emails and letters, is about to increase. This go round, however, those emails and letters should look a bit different from those sent out last year: they should be shorter. A lot shorter. The reason? Those email disclosures. The … Read more