Posts tagged as:

tax professionals

Where The Heck Are My Tax Forms?

12 January 2012

Dear overeager taxpayers: As an employer 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. Apparently you’re one of the lucky folks getting a refund this year. And I know you want your money. But give us some [...]

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Back to School: Do Tax Preparer Exams Keep Taxpayers Safe?

10 September 2011

It’s not just the kids that have to take tests these days. Attorneys, CPAs, doctors, engineers, architects and nurses must generally pass standardized competency tests in order to practice. You can now add tax professionals to the list. Over the past year, the IRS has made increased oversight of tax professional a top priority. As a [...]

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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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Deduct This: History of the Tax Attorney’s Fees Deduction

25 June 2011

Wait? You mean that you didn’t know that there was such a thing as the tax attorney’s fees deduction? Well, perhaps that’s because it’s not actually called the tax attorney’s fees deduction. Tax attorneys like me just like to call it that. It’s technically part of the Job Expenses and Certain Miscellaneous Deductions subject to [...]

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Tax Scams Still Rampant

28 March 2011

With just a few weeks to go before Tax Day, it seems that tax scams aren’t slowing down. A Jacksonville, FL, news station has reported the arrest of George Graycochea on a charge of organized fraud. Graycochea allegedly advertised on Craigslist for tax preparation services. Since I’ve never seen any ads on Craigslist for tax [...]

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Tax Patents In Danger?

7 February 2011

What if, as a tax professional, I came up with an idea to reduce your taxes that was so amazing, I wanted to patent it so that nobody else could use it without my approval? Fair? Some members of Congress say no. Just last week, Sen. Max Baucus (D-MT) and Sen. Chuck Grassley (R-IA) introduced [...]

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ABA Student Tax Challenge Winners Announced

1 February 2011

The ABA Section of Taxation has announced the winners of its 10th Annual Law Student Tax Challenge: Wes Hill and Sims Rhyne III of Samford University School of Law were awarded first place in the J.D. Division. Judson Bryant and John Goodell of Northwestern University School of Law were awarded first place in the LL.M. [...]

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Ask the taxgirl: Tax Return “Drafts”

30 January 2011

Taxpayer asks: I had my tax returns prepared, and I don’ t think the CPA did a good job. I have not signed the forms nor have i provided the original copies of my various financial statements. Can I ask someone else to do them and discard the “first draft” ” Thank you. taxgirl says: [...]

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Sunday Mailbag: The Really Cold Edition

23 January 2011

I woke up this morning determined to go for a run… until I saw that the temps, according to Accuweather, “felt like 5 degrees.” The wimp in me won over. In fact, it’s cold across most of the nation this morning which makes it a pretty good day to grab a cup of coffee and [...]

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Tax Trivia: Tax Compliance Costs

20 January 2011

We have a winner! See the correct answer in the comments. Our next tax trivia question for the giveaway is: The National Taxpayer Advocate report to Congress cited tax complexity as one of the most serious problems facing individual taxpayers. The study found that 60% of taxpayers paid preparers to do their returns for them [...]

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