#TaxTwitter has been abuzz about a flurry of notices of intent to levy (CP504) sent to taxpayers this week. The notices appear to have been sent out without regard for individual taxpayers circumstances with tax practitioners reporting receipt by taxpayers previously marked as CNC (currently not collectible), taxpayers with pending offers, and taxpayers who have…
It feels like the last tax season just ended (okay, it kind of did), but the Internal Revenue Service (IRS) is already sending out reminders for tax professionals to start the upcoming 2021 filing season. Specifically, the IRS is reminding paid preparers to renew their Preparer Tax Identification Numbers (PTINs) now. All current PTINs will expire…
July 15, 2020, marked the end of tax season for those taxpayers not on extension. The revised due date made for an interesting tax season, for sure, but even so, some things are universal – and that includes tax advice. I asked some of the best tax folks I know to share their top tax…
You didn’t have to look hard in 2018 to find folks talking about tax – especially on social media. Thanks to tax reform, SALT became a common term outside of the culinary world. Section 199A made headlines (and headlines and headlines). And, the complexities of sales tax were debated at the Supreme Court and in your Twitter…
It’s Getting To Know You Tuesday! Today’s tax pro is Manasa Nadig.
The IRS has indicated that it “will incorporate important changes into a new version of the Form W-4, Employee’s Withholding Allowance Certificate, for 2020.”
In 2013, attorney Dan Alban of the Institute for Justice argued that the Internal Revenue Service (IRS) could not license tax preparers for one simple reason: Congress never gave the IRS the authority to license tax preparers, and the IRS can’t give itself that power. The courts agreed. However, Senator Rob Portman (R-OH) aims to change that…
April 17 is just around the corner. If you’re still scrambling to file, here’s a list of what not to do as Tax Day approaches.
It’s Ask The Taxgirl! Today I tackle how to handle an uncooperative tax preparer.
It just got a little (stress on little) bit cheaper for tax professionals to practice in 2016. As of November 1, 2015, the annual fee for a 2016 preparer tax identification number (PTIN) is $50 for new applications and for renewals. That’s a few dollars cheaper than the prior fee schedule ($64.25 for new registration…