Posts tagged as:

tax preparation

IRS Responds to Criticisms Of Preparer Notices

22 November 2011

Well that was quick. Days after the IRS sent out copies of the Notice 4809 to 21,000(ish) tax preparers, complaints were already flying. One tax preparer crafted this response to IRS Commissioner Doug Shulman while others took to Twitter and other [entity id="section_76" style="padding: 1px; color: #fff; background: #336699;" class="forbes_entity" active="true" item_id="section_76" key="/social-media" display="Social Media" [...]

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Dear IRS: A Tax Pro Fires Back

18 November 2011

I guess desperate times call for desperate measures. You may have heard about the infamous Notice 4809 from IRS making the rounds among tax professionals. The Notice is part of the IRS’ “hands-on effort to improve the accuracy and quality of filed returns and to heighten awareness of preparer responsibilities.” In other words, dear taxpayers, [...]

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IRS Announces PTIN Renewals, Changes

24 October 2011

It’s baaaaack! The IRS has announced that professional tax return preparers can now renew their Preparer Tax Identification Numbers (PTINs) for the 2012 filing season. PTINs must now be renewed annually as part of the IRS’ plan to raise revenue regulate professional tax preparers. Tax preparers who fall under the registration rules are those prepare, [...]

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IRS Proposes New Regulations for Submitting EITC Claims

7 October 2011

The IRS announced this week that it is changing the filing requirements for tax pros who submit a federal tax return claiming the Earned Income Tax Credit (EITC). Under new proposed regulations, paid tax preparers submitting EITC claims must also file a federal form 8867, Paid Preparer’s Earned Income Credit Checklist (downloads as a pdf). [...]

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IRS Targets 100,000 Tax Professionals For Noncompliance

13 July 2011

About 1 out of every 8 of the nation’s professional tax return preparers failed to comply with new regulations for 2011, according to information released by the IRS. The IRS has announced that approximately 100,000 paid preparers prepared federal tax returns in 2011 without being properly registered. About 712,2000 paid preparers did register properly with [...]

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Antitrust Suit Filed Against Top Tax Preparer H&R Block

23 May 2011

Apparently we do have antitrust laws left in this country – when the mood strikes us, that is. The Department of Justice announced today that it has filed an antitrust lawsuit to stop H&R Block from buying 2nd Story Software, the company that makes TaxACT. Last year, H&R Block had annual revenues of $3.9 billion [...]

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IRS Changes the Way RAL Providers Will Do Business

6 August 2010

The last couple of tax seasons have been tough for many taxpayers trying to utilize popular refund anticipation loans (RALs). With banks increasingly unwilling to provide loans for third party preparers, the potential pool of money available to folks seeking RALs was pretty limited. This made taxpayers unhappy. It made the IRS fairly happy. They, [...]

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Ask the taxgirl: When Tax Preparers Go Bad

22 July 2010

Taxpayer asks: Hi tax girl! So I’ve heard a pretty believable rumor that the tax preparer I’ve used for four years has been federally indicted for tax fraud. I’m not sure if it was her own tax return or the people she worked with, though I do know of a few people who used her [...]

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H&R Block Takes Hit, Announces Lay-Offs

20 May 2010

High unemployment rates and fewer numbers of taxpayers who owe have translated into more than just headaches for IRS: many tax preparers across the country saw a dip in 2010. Among them is H&R Block, the largest tax preparer in the country. Overall, H&R Block reported a decline in tax preparations at its tax offices. [...]

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Help! I Don’t Know How to Get Organized!

20 March 2010

One of the most common type of questions that I get at taxgirl.com is how to get organized at tax time. Questions range from “What kind of documents do I need?” to “What information do I need to give my tax preparer?” To help you get started, I’ve prepared a quick checklist. You can download [...]

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