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Identity Theft Crackdown Sweeps Across the Nation

February 3, 2012 / Arthur Dimarsky / 6 comments

More than 200 Actions Taken in Past Week in 23 States

For more information, see the Special Identity Theft Enforcement Efforts – 2012 page.

IR-2012-13, Jan. 31, 2012

WASHINGTON – The Internal Revenue Service and the Justice Department today announced the results of a massive national sweep cracking down on suspected identity theft perpetrators as part of a stepped-up effort against refund fraud and identity theft.

Working with the Justice Department’s Tax Division and local U.S. Attorneys’ offices, the nationwide effort targeted 105 people in 23 states. The coast-to-coast effort took place over the last » Read more..

PTIN System Unavailable for New Applications

December 22, 2011 / Arthur Dimarsky / 178 comments

Professional tax preparation software, 1099 printing, w-2 printing

PTIN System Unavailable for New Applications from Dec. 26 until Jan. 9

Due to previously scheduled maintenance on IRS systems, the PTIN system will be unavailable for new applications from 5:00 PM ET on Friday, Dec. 26 until approximately 9:00 AM ET on Monday, Jan. 9. Preparers are still able to renew existing PTINs during this window. We sincerely apologize for the inconvenience. We are exploring ways to mitigate the outage for preparers who cannot meet the December 26 deadline. More to come on this issue.

Categories: Industry News / Tags: 1099 Printing, Brooklyn CPA, Online tax preparation, Professional tax preparation software, professional tax software, Register tax return preparer IRS Notice, Services for CPA, Services for Tax Preparers, tax preparation software for preparers, Tax Services for cpa, W-2 Printing

Saver’s Credit, Plan Now to Get Full Benefit

December 22, 2011 / Arthur Dimarsky / 119 comments

Plan Now to Get Full Benefit of Saver’s Credit; Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement

IR-2011-121, Dec. 16, 2011

WASHINGTON — Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2011 and the years ahead, according to the Internal Revenue Service.

The saver’s credit helps offset part of the first $2,000 workers voluntarily contribute to IRAs and to 401(k) plans and similar workplace retirement programs. Also known as the retirement savings contributions credit, the saver’s credit is available in addition to any other tax savings that apply.

Eligible workers » Read more..

Categories: Industry News / Tags: 1099 Printing, Professional tax preparation software, professional tax software, Register tax return preparer IRS Notice, Services for CPA, Services for Tax Preparers, tax preparation software for preparers, Tax Services for cpa, W-2 Printing

IRS issued final regulations requiring paid tax return preparers to file a due diligence checklist

December 22, 2011 / Arthur Dimarsky / 64 comments

Starting Jan. 1: Tax Preparers Need to File Due Diligence Checklist with All Earned Income Tax Credit Claims

IR-2011-122, Dec. 20, 2011

WASHINGTON — The Internal Revenue Service today issued final regulations requiring paid tax return preparers to file a due diligence checklist, Form 8867, with any federal return claiming the Earned Income Tax Credit (EITC). This is the same form that is currently required to be completed and retained in a preparer’s records.

The due diligence requirement, enacted by Congress over a decade ago, was designed to reduce errors on returns claiming the EITC, most of which are prepared by tax professionals. The IRS created Form 8867, Paid Preparer’s Earned Income Credit Checklist, to help preparers meet the requirement by obtaining eligibility information from their clients. Preparers have » Read more..

Restrictions on Use of the Term Registered Tax Return Preparer

October 2, 2011 / Arthur Dimarsky / 2,256 comments

Part III - Administrative, Procedural, and Miscellaneous

Restrictions on Use of the Term Registered Tax Return Preparer

Notice 2011-45

The Department of the Treasury and the IRS are implementing the recommendations contained in Publication 4832, “Return Preparer Review.” As part of this implementation, the Department of the Treasury and the IRS have issued final regulations (TD 9527) that include registered tax return preparers as practitioners under 31 CFR Part 10 (reprinted as Treasury Department Circular 230). The Department of the Treasury and the IRS have also published final regulations under I.R.C. § 6109 (75 FR 60309) providing that attorneys, certified public accountants, » Read more..

Categories: Industry News / Tags: Register tax return preparer IRS Notice

Tag Archive for Register tax return preparer IRS Notice

Identity Theft Crackdown Sweeps Across the Nation

More than 200 Actions Taken in Past Week in 23 States

For more information, see the Special Identity Theft Enforcement Efforts – 2012 page.

PTIN System Unavailable for New Applications

PTIN System Unavailable for New Applications from Dec. 26 until Jan. 9

Saver’s Credit, Plan Now to Get Full Benefit

Plan Now to Get Full Benefit of Saver’s Credit; Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement

IRS issued final regulations requiring paid tax return preparers to file a due diligence checklist

Starting Jan. 1: Tax Preparers Need to File Due Diligence Checklist with All Earned Income Tax Credit Claims

Restrictions on Use of the Term Registered Tax Return Preparer

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