Category: Tax Preparers

800,000 Taxpayers Received Wrong Tax Info from Health Insurance Marketplace

800,000 Taxpayers Received Wrong Tax Info from Health Insurance Marketplace 454 WASHINGTON, D.C. (FEBRUARY 20, 2015) BY MICHAEL COHN Approximately 800,000 taxpayers who received health care coverage through the federal insurance marketplace Healthcare.gov were sent the wrong information on their Form 1095-A and are being urged to wait to file their taxes until the first …

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Zip Refund Teams Up With RefundSafe for Third Year

irs identity theft

Zip Refund had teamed up with RefundSafe to allow their nationwide tax preparers to offer this valuable add on service to their clients for the third year in a row. With acknowledgement the problem of irs identity theft continues to get worse for their preparers and clients, it was one of the first companies to …

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Obtaining Your PTIN -Preparer Tax Identification Number

how to get a ptin

A preparer tax identification number must be obtained by a person who, for a fee, prepares or assists in the preparation of individuals’ or the tax returns of a ‘business’, refund claims or other forms of federal compensation. Enrolled agents are also required to have a PTIN. If you already have this number, you must …

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IRS Adjusts Tax Rate and Deduction Levels for 2015

IRS Adjusts Tax Rate and Deduction Levels for 2015 360 WASHINGTON. D.C. (OCTOBER 30, 2014) BY MICHAEL COHN The Internal Revenue Service announced the annual inflation adjustments for tax year 2015 for more than 40 tax provisions, including the tax rate schedules, and other tax changes.   Get access to this article and thousands more… …

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2014 Federal Refund delay FALSE!

We have been contacted by many people asking if this article is true or false….. it is FALSE! Read more at http://www.snopes.com/media/notnews/taxdelay.asp#u0ArXeCYeloyXx6H.99

Healthcare Form May Delay Tax Season For Some

1095A

Good info for tax preparers to add to their education packet to clients for this upcoming season.     HEALTH     JULY 06, 2016 Villegas torn between PGA Tour card and Olympics Camilo Villegas is torn between trying to keep his PGA Tour card and playing for Colombia in the Olympics. Villegas said in …

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IRS Start Date 2014 is January 31

IRS start date

Although this is the latest ever the IRS has started accepting returns, they seem to think it will not affect the season significantly. They recently announce their start date to be Jan 31, 2014 for the first efile acceptance. They will not be accepting any returns including paper before that and if someone files by …

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IRS Delays Tax Season For the Second Season In A Row

irs delays

This past week the IRS announced they will be delaying tax season for the second year in a row. Based on the government shutdown, the IRS feels they can not be ready to start accepting returns on January 21, 2014 and must push out the start date a week or two. Some groups including the …

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Tax Preparers and Obamacare

obamacare and tax preparers

This upcoming tax season tax preparers will be responsible for discussing the health care mandate under Obamacare and this is sure to cause some confusion. Obamacare states that everyone has to have health insurance or pay a fine. The fine starts out minimal (under $100) and year year will increase for those uninsured. Tax software …

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Why Start Your OWN Tax Business Instead of an Hourly Job

There are several means to locate a tax preparer job based upon the sort of work you are looking for in regards to tax obligation prep work. If you are a tax preparer, you realize that this type of position is periodic, nonetheless, it could additionally be quite lucrative. Although you may be looking for …

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