That’s the question posed on the news magazine and hidden camera television show of the same name.Broadcast on ABC News since 2008 as part of the Primetime series, and hosted by newsman John Quiñones,…
How Being Ethical Cost You Time, Money, & Friends© 2014, Ben A. Tallman EAIntroductionHave you ever considered what you give-up by being ethical? This article will discuss the dilemma that Tax…
Richmond’s Taxpayer Protection and Preparer Fraud Prevention Act of 2013 would give the Internal Revenue Service more oversight to certify paid tax preparers and ensure they are “competent, of good character and able to render services.” The legislation also would allow the IRS to...…
Taxpayers who pay qualifying expenses for a student can be eligible for the American opportunity tax credit, lifetime learning credit, or the tuition and fees deduction...…
Read more about Don’t Overlook Education Related Tax Benefits
Claiming that the IRS overstepped its bounds in expanding its regulatory power to include all tax preparers who prepare and file tax returns for compensation, three bold tax preparers took the IRS to court, and won...…
Since natural disasters seem to be occurring more frequently and with more intensity than ever before, it would seem wise for anyone owning a computer to know a few basic tips about protecting it. Most owners of computers keep personal and business data on their hard drive...…
Approximately 5,000 tax practitioners will soon receive a letter from the IRS...…
Tax preparers who submitted a Tax Year 2011 client return claiming EITC (Earned Income Tax Credit) without attaching the Form 8867 (Paid Preparer’s Earned Income Credit Checklist) will likely receive a letter from the IRS warning ...…
Read more about IRS Warns Preparers of Due Diligence Penalties
Last November, the IRS began efforts to increase the quality of the tax preparation industry and improve service to taxpayers by requiring certain tax preparers to complete a Registered Tax Return Preparer (RTRP) competency test. In the last few months, some 3,000 tax preparers have passed...…
It’s complicated, but it’s important. Now, more than ever, paid tax return preparers need to understand and educate themselves so they can avoid sanctions for giving false or misleading information to the IRS or for asserting frivolous positions that do not meet realistic possibility standards. Preparers need to recognize what is considered disreputable conduct resulting from improperly preparing returns, and learn to identify tax fraud schemes.…
