That Shit Cray Shirt: March 2012

Thursday, 22 March 2012

IRS Audit Warnings That Create Enrolled Agent Job Opportunities

Tax Preparer 2012 Work Will Include Calculation of Tax and Potential Penalty For 2010 Roth IRA Conversions

Enrolled Agent Work Saves More Than Penalties By Helping Businesses That Owe Back Taxes

Tax Preparers Weigh When To Take The IRS RTRP Examination

Tax Preparers Weigh When To Take The IRS RTRP ExaminationTax Preparers Weigh When To Take The IRS RTRP Examination

Plenty of Upcoming Tax Preparer Work Anticipated for Casualty Loss Claims

Reporting Violations of Tax Return Preparer Ethics? There’s a Form For That

Reporting Violations of Tax Return Preparer Ethics? There’s a Form For Thathttp://fastforwardacademy.com/blog/2012/02/01/reporting-violations-of-tax-return-preparer-ethics-there%e2%80%99s-a-form-for-that/

Wednesday, 21 March 2012

Many Questions Arise When Tax Preparer Duties Entail EITC Claims

Stories of Tax Avoidance Schemes Add to Enrolled Agent Education

Tax Preparer Continuing Education Needed to Address Special Rules For Agricultural Income

IRS Tax Preparer Study Guide Detail About Deducting Sales Tax Is Often ApplicableIRS Tax Preparer Study Guide Detail About Deducting Sales Tax Is Often ApplicableIRS Tax Preparer Study Guide Detail About Deducting Sales Tax Is Often Applicable

IRS Tax Preparer Study Guide Detail About Deducting Sales Tax Is Often ApplicableIRS Tax Preparer Study Guide Detail About Deducting Sales Tax Is Often Applicable

Tax Preparer Jobs Warning People About Unreported Gift Tax Transactions

Addressing Difficult Tax Preparation Questions About A Deceased ChildAddressing Difficult Tax Preparation Questions About A Deceased Child

Valuable Asset To Small Business Owner Is Adviser From An Enrolled Agent List

Tax Preparer Ethics Questions Affect HOH Filing StatusTax Preparer Ethics Questions Affect HOH Filing Status

Tax Preparer Ethics Questions Affect HOH Filing Status

Explanation Needed From Tax Preparer When Refund Is Lower

Enrolled Agent Tax Preparer Clients With Large Incomes Likely to Require Audit Defense

Enrolled Agent Study Course Clarifies Tax Treatment of Inherited IRAs

IRS Has Serious Stance on Tax Preparer Standards for Mileage

Enrolled Agent Requirements to Safeguard Client Data

Enrolled Agent Certification Adds Tax Planning Advice to List of Services

More Enrolled Agent Jobs for Tax Refund Delays

Tax Preparer Jobs Deal With New Rules For Business Cell Phones

Work Overload at IRS Creates Enrolled Agent Job Opportunities

The Basic Considerations for Selecting a Professional Tax PreparerThe Basic Considerations for Selecting a Professional Tax Preparer

The Basic Considerations for Selecting a Professional Tax Preparer

Tax Preparer Duties to Assure Legitimate Home Office Deduction

Tax Preparer Courses Needed to Learn Coordination of Returns for Parents and Their Children

Monday, 19 March 2012

Families With Deaths Require Your Knowledge from EA CPE

Individuals Who Have Not Filed Tax Returns Need Your Enrolled Agent Skills

IRS Restrictions on Use of Registered Tax

Software for a Registered Tax Return Preparer

Tax CPE About State Reciprocal Agreements

Tax CPE Needed to Resolve Some Dependent Student Situations

Giving Your Clients Superior Service as a RTRP

Tax Preparer Jobs Require Attention to Detail

Using Your Enrolled Agent Training for Tax-Exempt Organizations

New Home Buyer Tax Credit: What Every Enrolled Agent Should Know

New Home Buyer Tax Credit: What Every Enrolled Agent Should KnowvNew Home Buyer Tax Credit: What Every Enrolled Agent Should Know

Top Five Payroll Tax Mistakes By Small Business Owners

Top Five Payroll Tax Mistakes By Small Business OwnersTop Five Payroll Tax Mistakes By Small Business Owners

When Getting Your Hands Dirty Really Pays: Tax Tips for Farmers

When Getting Your Hands Dirty Really Pays: Tax Tips for FarmersWhen Getting Your Hands Dirty Really Pays: Tax Tips for Farmers

Enrolled Agent Study Guide Intro to Tax on Scholarships

The enrolled agent exam contains a concentration of questions based upon identifying taxable income. The money a taxpayer receives is usually considered either a gift or income.

GARNISHED WAGES: HOW EXPERIENCES TAX PREPARERS CAN HELP

Even as millions of Americans struggle to cope with and ultimately repay debt accumulated over the course of the most recent recession, the majority of creditors have stepped up their efforts around garnishing wages in an effort to collect their cash.

Overview Income Tax Course on Bad Debt Deductions

Taxpayers who loan money that they cannot collect may have a tax deduction for a bad debt. Handling the tax consequences of these situations is usually unclear to taxpayers.

Remember Your Ethics CPE When Addressing Foreign Accounts

The Internal Revenue Service is again providing a program for taxpayers to report previously undisclosed foreign accounts and assets. The 2011 program is similar to the one that existed until October 15, 2009.

Retirement Plan Distribution Basics on the IRS Exam

Understanding the tax treatment of retirement plan distributions is commonly required when preparing a tax return. It is therefore covered in numerous questions on the IRS exam for tax preparers.

When a RTRP Should Prepare a Return Even Though It’s Not Required

A Registered Tax Return Preparer often encounters an opportunity to complete tax return for all members of an entire family. Some individuals are not required to file tax returns.

Brief Tax Class on the Child and Dependent Care Credit

One of the common tax credits studied for the tax preparer exam is the Child and Dependent Care Credit. Taxpayers who paid someone to care for their children or other dependents listed on their tax returns are eligible to claim this credit.

EA CPE Covering Energy Tax Credits

Tax professionals can obtain free CPE just for knowing a little about basic tax matters. For example, there are several types of tax credits related to energy efficiency. Awareness of how to obtain each credit can be a valuable service when deploying enrolled agent CPE

EA CPE Covering Energy Tax Credits

Enrolled Agent Help with Tax Refund Reductions

A taxpayer may receive a smaller refund or no refund compared to the amount calculated by a Registered Tax Return Preparer. The reason for the reduction is the Treasury Offset Program, which is conducted by the US Treasury Department’s Financial Management Service.

Essential Credits to Know for the Tax Preparer Exam

Tax credits are more valuable than basic tax deductions because credits reduce Tax owed dollar for dollar. Someone who has studied to become a Tax preparer knows that deductions only reduce the taxable income upon which tax is calculated.

Essential Credits to Know for the Tax Preparer Exam

Enrolled Agents Can Inspire Giving: The Best Tips for Deducting Charitable Contributions

Enrolled Agents Should Weigh in on the Basics of the Fair Tax

Now that more individuals are contemplating opening a business than just five years ago, enrolled agents and any other registered tax return preparer who wish to capitalize on this trend, by courting small businesses as clients, should brush up on the tax advantages of the S Corp election.

Enrolled Agents Should Weigh in on the Basics of the Fair Tax

Enrolled Agents to Real Estate Moguls: Don’t Overlook these Rental Tax Tips

Every tax season, enrolled agents offer up sage advice gleaned from long hours of study for the enrolled agent examination, or from the EA continuing education courses required for certification,

Sizing Up the S Corp Election: What Enrolled Agents Need to Know

Tax CPE Overview of Deducting Business Owner Health Insurance Costs

Tax Preparer Certification Guide for Taxable Social Security

Quick Tax CPE Covering Unusual Deductions

“Is it deductible?” is the most common question asked of tax professionals. Enrolled agent continuing education requirements keep those with the EA designation on top of essential tax matters.

Sunday, 18 March 2012

Put Your Enrolled Agent Knowledge to Use When a Non-Child is Claimed as a Dependent

There are plenty of ways to put apply your skills after passing the enrolled agent examination. One of your common activities as a tax practitioner is preparation of tax returns. But this service can encounter some uncommon situations.

Enrolled Agent Course Summary on IRS Collection of Back Taxes

Tax Class Lessons From Celebrity Cases – Volume 2

Advice to S Corporation Owners Adds Value to Enrolled Agent Relationship

A RTRP Can Still Help Businesses Obtain Bonus Depreciation for 2011 Tax Returns

Enrolled Agent Priorities to Guide Individuals with Tax Notices

Tax Class Lessons From Celebrity Cases – Volume 3

Do More as a Tax Practitioner With the Enrolled Agent Designation

Simplifying Tax Preparer Jobs Dealing with Incentive Stock Options

Tax Preparer Jobs Involving the Earned Income Credit Tax Preparer Jobs Involving the Earned Income Credit

Tax Preparer Jobs Involving the Earned Income Credit

Your Understanding of Depreciation is Valuable for Promoting Your Enrolled Agent Services

2011 July | IRS Enrolled Agent

A RTRP Must Know Multiple Tax Effects of Children

Enrolled Agent Continuing Education Aids in Explaining the AMT

Reporting Put & Call Options Same as Income Tax Course Training for Other Types of Securities

Self-Employment Tax Essentials for Enrolled Agents to Build Relationships With Entrepreneurs

HILL HAPPENINGS THE ENROLLED AGENT S LEGISLATIVE ROADMAP

Hill Happenings connects enrolled agents with the latest and most valuable news on the goings-on in the current legislative session.

Aggressive, Out-of-the-Box Tax Planning

Enrolled agents have long advised clients to heed conventional tax wisdom — deferring income and accelerating expenses — in their conventional role as a registered tax return preparer.

How Enrolled Agents Can Dispel the Myth that Bonuses Don’t Pay

It is not uncommon for enrolled agents to encounter taxpayers, particularly from the corporate sector, who are tempted to give up their bonus pay because they think this extra money actually hurts them.

Red Flags All Enrolled Agents Should Recognize

Because audits by the IRS have been more frequent over the past five years, it is important for enrolled agents, indeed any registered tax return preparer, to start brushing up on the types of issues that have been found to prompt audits by the IRS.

Enrolled Agent Help for Injured Spouses on IRS Refund Offsets

Passing the special enrollment examination provides an individual with the designation of enrolled agent in order to represent taxpayers before the IRS.

Tax Preparer Certification Guide for Charitable Deductions

A taxpayer is entitled to a tax deduction when giving away cash or property to a charitable organization. But there are a few basic guidelines that a Registered

Tax Preparer or Marriage Counselor

In their role as a registered tax return preparer, enrolled agents often find themselves wearing many hats. Offering up suggestions for mitigating a bad marriage is not exactly something that would qualify as a typical function of an enrolled agent.

Taxpayers with Casualty Losses Need Your Expertise

Taxpayers who itemize deductions commonly ignore an advantage they have when incurring a casualty or theft. An amount of loss from these events is deductible.

Health Care Reform, Oil Subsidies, Innocent Spouse Relief, and more

Hill Happenings connects enrolled agents with the latest and most valuable news on the goings-on in the current legislative session.

RTRP Details for Deducting Job Search Costs

It’s the little things that count when you become a tax preparer. Awareness of uncommonly known details makes building a practice in the income tax field easier than many other professions.

Some Tax Preparers Will Not Have Tax Preparer Certification

s you build a tax practice, be sure to remind consumers about your tax preparer certification. This is important because rank and file workers at a CPA firm are not required to pass the tax preparer exam.

Essential Facts For Enrolled Agents

In the mad rush to gather tax data this season, many taxpayers and their registered tax return preparer no doubt discovered a number of sobering facts about their Roth IRAs. It happens every year, as any enrolled agent or RTRP can attest.

Become a Tax Preparer With a Focus on the Self-Employed

There are so many tax rules and guidelines to follow for the self-employed that they almost universally utilize the services of a tax professional. When you become a tax preparer you can build a busy practice around the self-employed.

Business Travelers Benefit from Your Tax Preparer Certification Guidance

Finding ways to put your tax preparer certification to work is as close as the individuals with plenty of tax deductions. Some people are not even aware of the deductions they’re missing.

Enrolled Agent Study Guide for Gross Rental Income

You gain a lot of credibility as a tax preparer and advisor when you obtain the enrolled agent designation. There are plenty of clients for tax preparation work when your credentials validate a high level of expertise.

Taxpayers with Casualty Losses Need Your Expertise from Tax Preparer Certification

Taxpayers who itemize deductions commonly ignore an advantage they have when incurring a casualty or theft. An amount of loss from these events is deductible.

Using Your EA CPE to Advise Taxpayers with LLCs

Taxpayers with LLCs are ideal prospective clients for enrolled agents. There are many tax matters that these business owners fail to correctly address unless they obtain professional assistance.

Your Enrolled Agent Course Makes You the Ideal Adviser for Taxpayers with Debt Cancellation

There are a lot of taxpayers recently receiving notices about forgiven debt. And the trend has no signs of ending soon. Financial institutions use Form 1099-C to identify any debt cancellation exceeding $600.

Your Tax CPE is Valuable to All Taxpayers Who Provide Gifts

Both the wealthy and the not so wealthy are inclined to incur tax complications from gifting. Sometimes property is transferred upon death and other times the transfer occurs while the donor is still living.

Tax CPE About State Reciprocal Agreements

If you have an enrolled agent tax practice in a location where people live while working in a different state, there’s some tax CPE that applies especially to you. I

Giving Your Clients Superior Service as a RTRP

In addition to preparing error-free tax returns, you build a successful practice as a Registered Tax Return Preparer by offering expert advice.

Using Your Enrolled Agent Training for Tax-Exempt Organizations

Plenty of tax professionals obtain the highly respected enrolled agent designation to help organizations that are actually exempt from owing income tax.

Enrolled Agent Course Provides Best Training to Help Clients Avoid Audit

Nobody can obtain complete assurance of avoiding an IRS audit. In fact, the chances of an audit greatly increase for business owners. The IRS reports that 1.11 percent of all individual tax returns were audited in the preceding federal fiscal year

Roles for Enrolled Agents Increase as IRS Audits on the Wealthy Rise

Individuals with high incomes are having more difficulty avoiding the taxman. Now more than ever, high-income taxpayers demand the expert tax advice of enrolled agents.

Are You Ready to Become a Tax Preparer

Whether you’re young and haven’t decided about a career field or are older and looking for a career change, you want to find a profession that is secure.

Enrolled Agents Provide Tax Expertise Required by Sellers of Small Corporations

There’s still time for you to promote your enrolled agent services to help taxpayers capture a limited-time tax benefit for investing in small corporations. Anyone who purchases small corporation stock before January 1, 2012

Choosing Between RTRP or the Enrolled Agent Course

Choosing to become a tax preparer now places you in an exclusive group of professionals as a result of the IRS implementing competency testing and registration.

Passing the Enrolled Agent Exam Gives Credibility for \ Foreigners Living in the US

When you’re looking to build business as a tax practitioner, the enrolled agent designation is a top credential. To promote your practice among taxpayers involves focusing on those most in need of expert help. One such group of individuals is foreign citizens living in the US.

Plenty of Opportunities for a RTRP to Advise Divorcing Couples

Obtaining tax preparer certification gives you the knowledge required to provide advice on the unusual tax matters for couples involved in a divorce. A divorcing couple needs information about the tax impact of their proposed property settlement. This is especially important when an IRA is one of the assets divided in the divorce.

Enrolled Agent Course Summary on IRS Collection of Back Taxes

When enrolled agents represent taxpayers for past tax years, the most important issue to consider is expiration of the collection period.

Hiring IRS Registered Tax Return Preparer Is Worth the Cost By Avoiding Fraudulent Tax Services

Saturday, 17 March 2012

Efforts of Professional With RTRP License Avoids These IRS Audit Triggers

Enrolled Agent Jobs Showing Taxpayers How To Exercise Their Rights

Income Shifting Taxpayers Need Cautionary Advice of Enrolled Agents

Tax Preparer Work For Fishing Business Proprietors Similar But Not Identical to Farmers

Answers To RTRP Exam Questions Entail Knowing What’s Deductible And Not Deductible

Tax Preparer Study Needed to Recognize Situations for Claiming a Parent as Dependent

Growth of Tax Preparer Careers Unabated by Online Self-Preparation Options

Registered Tax Return Preparer Ethics Demands Staying Away From Reporting Tax Sham Transactions

Modernized Electronic Filing Expected to Improve Tax Preparer Services

RTRP Exam Likely To Bring Preparers Under Tighter IRS ControlRTRP Exam Likely To Bring Preparers Under Tighter IRS Control

RTRP Exam Likely To Bring Preparers Under Tighter IRS Control

IRS RTRP License Requires Fingerprinting Process

EA Certification Leads to Opportunities For Rendering Tax Planning Advice

Tax Preparation Services Add Considerable Value When Identifying More Itemized Deductions

Professional Tax Service Finds Plenty of Reasons For Individuals to Amend Tax Returns

Paid Tax Preparer Professional Would Have Noticed The Multiple Illegal Acts In This Case

Tax Preparer Ethics Course Generates Focus on Areas of IRS Scrutiny

Unusual Allowed IRS Tax Preparation Deductions

Tax Preparation Reasons For Not Getting Married

Friday, 16 March 2012

Careful Registered Tax Return Preparer Study Needed For Business Deductions

Answers To RTRP Exam Questions Entail Knowing What’s Deductible And Not Deductible

Tax Preparer Work Collects Special Deductions for Police Officer Tax Returns

RTRP Study Guide Excludes Some Money Sources From Taxable Income

Finalizing Tax Preparation Services on Amended Tax Returns

Tax Preparation Guide For Deducting Volunteer Charitable Expenses

New Procedure Planned For Tax Preparer Work With EITC Claims

EA Solutions For Resolving Employer Errors With Retirement Plans

Tax Preparation Forms Changing To Help IRS With Income Matching

Potential Extra Tax Preparer Work Embodied in New Payroll Tax Cut

On Site Rules Established For Taking Registered Tax Return Preparer TestOn Site Rules Established For Taking Registered Tax Return Preparer Test

On Site Rules Established For Taking Registered Tax Return Preparer Test

IRS Guidance Leaves Room For Tax Preparer Judgment

IRS Makes Inflation Adjustments to Tax Planning Course Calculations

Peace of Mind Comes With Finding the Right Paid Tax Preparer

Considerations In Tax Preparation Services to Dentists

Correct Tax Preparer Work on Capital Gains Averts Adverse IRS Determination

Deductibility Decision By RTRP Should Follow Same Logical Path Used By Tax Court

IRS Introduces Programs For Enrolled Agent Representation of Taxpayers

Tuesday, 6 March 2012

Following Tax Preparer Course Basics Avoids Penalty For Unreasonable Position

The tax code provides for penalties to professionals conducting tax preparer jobs who take unreasonable positions.

Following Enrolled Agent Ethics Guidelines Prevents Ineligible Loss Deductions

Plenty of people who have discovered an effective method to lower income tax make their ways into the offices of enrolled agents.

Critical Enrolled Agent Job To Carefully Characterize Rentals as Passive

Taxpayers are typically entitled to deduct on their tax returns any losses incurred in a business.

Caution Advisable for Tax Preparer Duties Regarding Passive Activity

Among the important judgments tax professionals are called upon to make for tax returns entails situations where activities create losses.

Offering Enrolled Agent Expertise Most Important To People With Tax Notices

When a tax practitioner attains enrolled agent certification, the best way to reach out with new services is summoning people with tax notices.

Determining California Residency Status for State Income Tax

The first requirement for anyone filing a California state income tax return is determining residency status. This is not always so easy for individuals who earn some of their income in California while not permanently residing in the state.

Is Your Tax Practice Ready for the New IRS Rules?

In an effort to create competency and ethical standards for paid tax-preparers, the IRS has established new rules for all paid tax-preparers.

Proposed New Requirements for Tax Return Preparers: Frequently Asked Questions

Every single professional that preparers and files tax returns must pay the $64.25 fee annually and sign up for a PTIN using the new process even if you already have a Preparer Tax Identification Number (PTIN) number assigned from the IRS.

Reporting Put & Call Options for Income Tax

An investor in put and call options must report gains and losses just like investing in the underlying stocks represented by these options. Gains and losses for options on a capital asset are treated just like ownership of the asset itself for tax purposes.