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tax professionals

Temporary TurboTax Glitch Stresses Out Last Minute Tax Filers

15 April 2013

Tweet When it rains, it pours. In the midst of an already tense tax season, taxpayers had a brief moment of worry last night when the online system for TurboTax appeared to melt down. After a few error messages, some angry tweeting and a little hyperventilating, things returned to normal. So what happened? According to [...]

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H&R Block CEO Offers Apology For Education Credit Fiasco

16 March 2013

Tweet As tax season heads towards the home stretch, hundreds of thousands of taxpayer refunds have been delayed. While taxpayers expected minor glitches associated with a late start to the tax season, the magnitude of the delays, especially those involving the form 8863 for education credits, took the tax world by storm. Angry taxpayers have [...]

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IRS, H&R Block Release Statements About Processing Delays

13 March 2013

Tweet (Note: Updated to reflect Department of Education comments.) As anger continues to grow over delays with processing the federal form 8863, Education Credits, I reached out to the Internal Revenue Service, H&R Block and the Department of Education to answer your questions. IRS spokesperson Michelle Eldridge offered the following statement about the delays: The [...]

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A Beginner’s Guide To Taxes: Do I Need To Hire A Tax Preparer Or Can I Do My Return Myself?

12 February 2013

Tweet For those of you who don’t hang out with me in real life, here’s stuff you might not know: I bake my own bread. I pickle my own vegetables. I make my kids’ Halloween costumes. I can code a little. But I do not do my own taxes. I used to do my own [...]

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Taxpayer Alleges IRS Agent Offered Sex In Exchange For Lower Tax Penalties On Audit

6 February 2013

Tweet Talk about some serious negotiations. A 40 year old man out of Fall Creek, [entity display="Oregon" type="place" active="true" key="or" natural_id="places/39"]Oregon[/entity], has filed a federal law suit against the IRS, alleging that she used her, um, position to sexually harass and intimidate him. The man, Vincent Burroughs, filed the lawsuit on January 25, 2013, against [...]

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IRS Loses Big In Court (Again), Tax Season Chugs Along

2 February 2013

Tweet On January 18, 2013, a federal court stopped IRS “dead in its tracks” from enforcing its new regulatory scheme for registered tax-return preparers. In response, the IRS filed a motion to stay the injunction – that’s a lawyerly way of saying that the IRS asked the court not to enforce the injunction and to [...]

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Wrong Side Of An Audit: Memo Argues IRS Inflated Numbers, Exaggerated Figures

31 January 2013

Tweet Tax season officially got started yesterday as the Internal Revenue Service began accepting most taxpayer returns. Opening day for the IRS had been delayed by more than a week, following a last minute tax deal meted out by Congress in early January. That wouldn’t be the only challenge for the agency this month: just [...]

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Where The Heck Are My Forms W-2 And Other Tax Forms?

30 January 2013

Tweet Dear really, really overeager taxpayers: As a small business owner and a tax professional, I am asking you in the nicest way possible: please be patient. I know you want to file your tax return already. You’re already annoyed that you’ve had to wait this long. But that’s Congress’ fault, not mine. And I’ll [...]

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Tax Tips From the Pros

29 January 2013

Tweet Tax season starts on January 30! To get things started, I asked tax professionals around the country to give me their top tax tips. Here’s some of what they had to say: If you refinanced in 2012, be sure to write off any prior refi costs that you have been writing off over a [...]

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IRS Files Motion To Force Preparers Back Into Compliance, Cites Guess Who?

24 January 2013

Tweet It all started with a ping. Just before noon, I got the following tweet: A flurry of tweets, [entity display="Facebook" type="organization" subtype="company" active="true" key="facebook" ticker="FB" natural_id="fred/company/15317"]Facebook[/entity] messages and emails followed. It was, in the grand scheme of my day, kind of a big deal. I had been following the IRS’ plans to regulate preparers [...]

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