11 Questions To Ask When Hiring A Tax Preparer
Hiring a tax preparer can be tough – but sometimes you just have to ask the right questions. Here are 11 questions to consider when hiring a tax preparer.
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In Apparent Defiance Of Court Order, Fourth Largest Tax Biz In Country Preps For Sale
In a scathing 233 page ruling issued earlier this month, U.S. District Judge Timothy S. Black ordered Instant Tax Service (“ITS”), the fourth-largest tax preparation business in the United States, to shut down its operations. In his ruling, Judge Black wrote that he agreed with the federal government that “[t]his case presents an astonishing array…
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Black Market Tax Preparers Continue To Defy IRS
When the IRS implemented rules requiring tax preparers to register in order to prepare tax returns, the idea was that it would keep taxpayers safe. But is it?
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Fourth Largest Tax Prep Business In The Country Shut Down By Feds
The pool of tax preparation services just got a little smaller: a federal court judge has ordered Instant Tax Service (“ITS”), the fourth-largest tax preparation business in the United States, to stop all operations permanently for “extensive and egregious, indeed appalling” harm to taxpayers.
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IRS Beats A Dead Horse, Argues For Regulations At Appeals Court
Last year, three tax preparers sued the Internal Revenue Service to prevent the agency from pushing ahead with new regulations. The three were successful – and the IRS filed an appeal. Yesterday, the IRS had the chance to tell a panel of judges why the regulations are appropriate. Were those oral arguments convincing?
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Surviving Tax Season: It’s Not Over Yet
With a few weeks to go before tax returns are due for those individuals on extension, tax professionals are already looking forward to the season being over. But who’s to blame for the mess this year?
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Dead Men Tell No Tales: Deceased Russian Lawyer Found Guilty Of Tax Evasion
A Moscow court has ruled Hermitage Capital Management founder William Browder and his tax advisor and lawyer, Sergei Magnitsky, guilty of tax fraud. Magnitsky was found guilty posthumously; he died in prison nearly four years ago. Browder was found guilty in absentia after being forced from the country in 2006.
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June: A Busy Month At IRS For Taxpayers & Tax Pros
We tend to think of summer as a slow time when it comes to taxes but it’s hardly a vacation for taxpayers and tax professionals. This summer, in particular, the Internal Revenue Service has a full calendar and June is no exception. Here are some notable dates to keep in mind: June 3. The IRS…
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Will She Or Won’t She? D.C. Holds Breath As IRS Official Is Called Back To Testify After (Possibly) Pleading The Fifth
It’s no surprise that Rep. Darrell Issa (R-CA), Chair of the House Oversight and Government Reform Committee, would recall Lois Lerner, Director of the Exempt Organizations Division at the Internal Revenue Service. He advised as much on yesterday when Lerner possibly (keep reading!) pleaded the Fifth rather than testify at a Congressional hearing into allegations…
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H&R Block Offers Apology, Cash To Make Up For Filing Snafu
If you were one of the hundreds of thousands of taxpayers affected by the tax season filing snafu involving education credits – and you filed using H&R Block – you might be getting some relief. The tax preparation giant is offering $25 to its customers affected by the delay in processing individual tax returns claiming…