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Archive for the ‘preparers’ Category

PTIN’s will need to be renewed

Posted by taxguru on August 5, 2010

According to this item from CCH, we will need to renew our special IRS assigned Preparer Tax Identification Numbers every year and pay a fee of at least $50.  Supposedly, IRS will start this process in September 2010.
This is an expansion of the preparer registration process that IRS announced in this January 2010 news release.

Need Business Checks Cheap?

Posted in IRS, preparers | Comments Off on PTIN’s will need to be renewed

Top Ten Thoughts That Go Through Every Accountant’s Mind On April 15th

Posted by taxguru on April 8, 2010

10 “If I see one more tax return, I’m gonna jam a #2 pencil through my eye”
9 “I think my calculator is talking to me”
8 “If I screw up, they go to jail, not me”
7 “Why didn’t I become something exciting like a claims adjuster?”
6 “Should I wear the navy blue suit or the navy blue suit?”
5 “Get through today and then a 364-day weekend”
4 “Who knew the bright-eyed little boy I once was would grow into such a bitter man with a soul crushing job”
3 “Time to fake my death and move to the Cayman Islands”
2 “Why did I waste time doing a stupid Top Ten at Letterman?”
1 “This would be a lot easier if I was sober”

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Google Tax School?

Posted by taxguru on March 28, 2010

(Click on image for full size)

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Preparer ID Numbers

Posted by taxguru on March 25, 2010

IRS Provides Guidance on Identifying Numbers for Tax Return Preparers – IRS will be making it mandatory for paid preparers to use the special ID number. This is actually a good thing for us preparers. I have been using a PTIN ever since it became available, because that decreases the exposure of my Social Security number on tax returns I prepare.

You can download Form W-7P to apply for a PTIN.

Posted in IRS, preparers | Comments Off on Preparer ID Numbers

IRS Regulating More Tax Preparers

Posted by taxguru on January 6, 2010

H&R Blockheads. The IRS wants to save you from your rogue tax accountant. – Being subject to extensive regulation and continuing education requirements as a CPA, I can’t share this writer’s sentiment that IRS is overstepping its bounds by requiring other “mom and pop” tax preparers to be regulated and take update courses.

I do share the writer’s sentiment that the trend towards having the State and Federal governments prepare tax returns for people is not a positive development because of the extreme conflict of interest that entails.

Posted in IRS, preparers | Comments Off on IRS Regulating More Tax Preparers

Who uses ACORN for tax work?

Posted by taxguru on September 12, 2009

Why is ACORN giving tax advice? Started with shakedown of H & R Block – That was the first thing I was wondering while watching the clips of the ACORN rep giving advice to a pretend pimp and hooker on how to handle the taxes for a child sex slave business.  I have long known about their organized crime and voter fraud activities, but was ACORN also in the tax preparation business? 

I thought they may have been part of the IRS’s VITA program, which is designed to provide free tax help for lower income people in the community. That’s where I started my tax career in the early 1970s.  I don’t recall their policy on who we could prepare free tax returns for; but I am guessing that an illegal alien child sex slave business would have been off limits.

Which brings me to the other thing running through my mind while watching those undercover videos. What would other tax professionals do if confronted with new clients like the ones James O’Keefe and Hannah Giles were portraying?  I doubt that any reputable tax pro would accept them as clients and give the kind of illegal advice the ACORN rep was presenting, even in these tough economic times.  The proper response would be to either kick them out of your office or even to call the police on them.    

 

Posted in preparers | Comments Off on Who uses ACORN for tax work?

Posted by taxguru on June 5, 2009

IRS considers regulating tax preparers – Long overdue quality control over those of us who are not already regulated as CPAs, attorneys or Enrolled Agents.      (Thanks to the always useful Lucianne.com for this.)

 

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Bravest, or most foolish?

Posted by taxguru on April 11, 2009

Posted in comix, preparers | Comments Off on Bravest, or most foolish?

Starting early?

Posted by taxguru on April 11, 2009


(Click on image for full size)

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Tom Dashole’s tax preparer?

Posted by taxguru on April 9, 2009


(Click on image for full size)

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