IRS PTIN System Shuts Down After $175 Million Court Ruling
The Internal Revenue Service (IRS) has suspended the Preparer Tax Identification Number (PTIN) registration and renewal system in response to a recent court ruling.
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IRS Loses $175 Million Class Action Lawsuit
A class action suit filed against the federal government seeking to recover allegedly unlawful license fees paid to the Internal Revenue Service (IRS) for annual license fees charged to tax return preparers is now over. The potential cost to the IRS? $175 million.
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Tax Professionals Take Taxpayer Concerns To Congress
Nearly 100 Enrolled Agents from almost 40 states met with lawmakers on Capitol Hill this week to discuss important issues affecting taxpayers as part of the ninth annual Fly-in Day organized by the National Association of Enrolled Agents (NAEA).
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Only Two People Already Know Who Won The Oscars (But They’re Not Telling)
Only two people know the Oscar winners before the big night – but they’re not telling. Martha Ruiz and Brian Cullinan count the ballots and secure the winners. Here’s what else you need to know.
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Tax Prep Companies Mix Tax Season & Football With Super Bowl Commercial Spots
Tom Brady and Matt Ryan aside, we all know why people actually watch the Super Bowl: the commercials. And over the years, there have been some great ones. This year, at least two tax industry companies will be airing commercials during the Big Game. Here’s what we know so far.
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Getting To Know You Tuesday: Steven Chung
It’s Getting To Know You Tuesday! Today’s tax professional is Steven Chung.
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100 Must-Follow Tax Twitter Accounts For 2017
Just in time for the new year, it’s the 100 Must-Follow Tax Twitter Accounts For 2017.
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IRS Warns On New Scam Targeting Tax Professionals
The Internal Revenue Service (IRS) is again warning tax professionals about a potential scam involving email and IRS e-services.
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IRS Warns Tax Pros On Targeted Scams, Advises Regular PTIN Monitoring
The IRS is warning tax professionals about a new, targeted scam. As part of its information to tax professionals, IRS is also advising tax pros to monitor their PTIN activity.
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Senate Committee Says Yes To Increased Taxpayer Protections, No To Tax Preparer Licensing
The U.S. District Court of Appeals affirmed a 2013 ruling that Congress never gave the Internal Revenue Service (IRS) the power to license tax preparers and the IRS cannot give itself that authority. The court made it clear that if Congress wanted to give that authority to IRS, it could. This week, Senate Republicans failed to do that, objecting to a proposal that would have established minimum standards for paid tax return preparers.