For the 2011 tax season, the IRS has announced that it will require commercial tax return preparers to register with the agency and pass a competency exam. Commercial tax preparers will also be subject to continuing education requirements and ethics rules. IRS Commissioner Doug Shulman enthusiastically supports the idea, calling it “a game-changing event for…
This just in from the ABA: The American Bar Association Section of Taxation announced the recipients of its 2010 Nolan Fellowships to be awarded during a luncheon at the section’s Midyear Meeting in San Antonio on Jan. 23. Nolan Fellows are young tax lawyers who are actively involved in the section and have demonstrated leadership…
Here’s some food for thought, courtesy of Jen Miller on Interest.com: How Should You Do Your Taxes This Year? Jen asked me a few questions for the piece – it was a fun interview! The timing is great since tax season is upon us. If you’re looking for a tax pro, you might also be…
This season, the Nashville Predators are having a pretty good run on the ice. According to NHL.com, they’re ranked sixth in the league, well ahead of my husband’s perennial favorites, the Philadelphia Flyers. But off the ice? It’s not so good. The Nashville Predators recently filed a lawsuit against a company called the Sommet Group…
This tax season, Penny Lea Jones won’t be preparing tax returns if the feds have their way. U.S. District Judge Edward J. Lodge has issued a preliminary injunction barring Jones from preparing federal income tax returns for taxpayers while a lawsuit against her proceeds. The lawsuit is one of seven such actions filed by the…
Thanks to all who participated in our Logbook contest! Our winners are Jennifer and John. Congrats! You can read all of the comments here.
I can’t imagine that this looked all that good on paper… Apparently, in an effort to recover the TARP money from banks and other groups that the White House is anticipating won’t actually be paid back to taxpayers, they’re going to tax the banks, who will likely pass along the tax to taxpayers – to…
Earlier today, my Facebook account was hacked. The hackers were sending messages, advising that I was in London, had been robbed at gunpoint and needed my friends to wire me some money. While it’s believable that I might be in London, I can assure you that I would never take to Facebook to beg for…
Despite the much-ballyhooed drop in the IRS’ standard mileage rates for 2010, they’re still not bad. For 2010, the rates are: 50 cents per mile for business miles driven 16.5 cents per mile driven for medical or moving purposes 14 cents per mile driven in service of charitable organizations Yes, the rates are slightly lower…
My living room is suddenly much bigger. The tree is now down and except for the inordinate number of tree needles still around, the house is oddly free of Christmas accessories. The three-year-old isn’t happy about all of this: he keeps asking when we’re going to “put the tree back together” (we hacked it up…