AICPA Weighs In On Proposal To Allow IRS Authority To License Tax Preparers

Today, the American Institute of CPAs (AICPA) sent a letter (downloads as a pdf) to the Senate Finance Committee reacting to a proposal which would provide the Department of the Treasury and the Internal Revenue Service (IRS) the authority to regulate “all aspects of Federal tax practice, including paid tax return preparers.” In the letter, … Read more

IRS Shuts Down E-Services For Labor Day Weekend

If you were planning to get a little bit of tax work done over the weekend, you might be out of luck. The Internal Revenue Service (IRS) is conducting its annual Labor Day maintenance this weekend. As a result, there will be an outage for certain IRS systems and services, including e-services (Transcript Delivery System, … Read more

Owner Of ITS, Formerly Fourth Largest Tax Prep Biz In Country, To Face Criminal Charges

Earlier this week, a federal grand jury sitting in Dayton, Ohio, handed down a 23 count indictment (downloads as a pdf) against Fesum Ogbazion and Kyle Wade for conspiracy and tax-related crimes. Ogbazion and Wade were each charged with one count of impeding the administration of the Internal Revenue Code, one count of conspiracy to … Read more

Lawyers, Accountants and Administrators, Oh My! Putting Together A Professional Team

(This post is part of my Small Business Startup & Survival Guide. You can catch up on the whole series¬†here.) When we opened our own business, my husband and I thought that we were going to call all of the shots. We had a name, a business plan, an office space and had even designed … Read more

Trump To H&R Block: You’re Fired!

GOP presidential candidate Donald Trump prides himself on speaking his mind. And what he has on his mind is getting rid of Kansas City-based tax preparation company H&R Block. When asked on “Fox & Friends” about tax policy, Trump offered up a few words, “Put H&R Block out of business.” Trump was referring to efforts … Read more

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