Holders of Tax Preparer License Subject to OPR Disciplinary Actions

March 31, 2012 by  | Leave a Comment Filed under: Taxes 

The Office of Professional Responsibility (OPR) is the agency responsible for administering and enforcing the legal requirements imposed on tax practitioners. With the implementation of tax preparer certification by the IRS, OPR oversight covers an expanded number of professionals. Treasury (read on...)



IRS Releases Initial Tax Preparer Test Results

March 28, 2012 by  | Leave a Comment Filed under: Taxes 

The IRS has finally released results for the early participants in the registered tax return preparer examination process. The test was first available last November and some eager individuals enlisted right away. Tax professionals who received or renewed a Preparer Tax Identification Number (read on...)

Accessible IRS Web Products For EA Solutions

March 11, 2012 by  | Leave a Comment Filed under: Taxes 

The IRS provides plenty of online tools for tax professionals. The e-Services suite of web products embodies a variety of ways for conducting enrolled agent employment activities electronically. The general public does not have access to e-Services. Only certain parties are allowed on the (read on...)

Helping Individuals With Record Keeping Is an Essential Step In Tax Return Preparation

January 31, 2012 by  | Leave a Comment Filed under: Taxes 

One of the key steps in tax return preparation is organizing records. Tax professionals must devote a little time to helping people understand this process. Return preparers only need some essential details. Extra information complicates the process. Tax practitioners are not required to conduct (read on...)

Tax Preparer Job Separating Business Equipment Sales From Self-Employment Income

January 27, 2012 by  | Leave a Comment Filed under: Taxes 

Many taxpayers assume that selling business equipment has the same income tax consequences as ordinary activities of an entrepreneur’s company. However, an important aspect of any tax preparer job involving business equipment sales is identifying details about a sale. The tax impact is (read on...)

Registered Tax Return Preparer Work Presents Delicate Conflict

January 24, 2012 by  | Leave a Comment Filed under: Taxes 

Taxpayers may obtain representation before the IRS by a registered tax return preparer concerning returns the RTRP prepared. The Declaration of Taxpayer Rights states that individuals have this right for a professional to represent them in IRS matters. Unfortunately, IRS authority also governs (read on...)

Apply Rules in Tax Preparer Study Guide When Reducing Taxes With Charitable Deductions

January 24, 2012 by  | Leave a Comment Filed under: Taxes 

People who give to charities usually enjoy a reduced income tax liability. The tax preparer work in these situations entails assurance that necessary conditions are met. The first detail is that charitable donations are one of the categories of itemized deductions. All paid tax preparers must (read on...)

On Site Rules Established For Taking Registered Tax Return Preparer Test

January 7, 2012 by  | Leave a Comment Filed under: Taxes 

After more than a year in the making, the registered tax return preparer test is now available. The majority of industry professionals are waiting to take the examination after the current tax season. Anyone who has already obtained a Preparer Tax Identification Number (PTIN) from the IRS to (read on...)

Updated List of Approved Medical Deductions Is Valuable Tax Preparer Material

January 1, 2012 by  | Leave a Comment Filed under: Taxes 

The notable feature about the IRS list of qualified medical expenses is the omissions. Tax professionals consult the listed expenses for more purposes than merely studying for the tax preparer exam. Ever year, the items named are eligible for the medical itemized deduction when preparing tax (read on...)

Tax Agent Jobs Representing Taxpayers Dealing With the IRS

December 10, 2011 by  | Leave a Comment Filed under: Taxes 

IRS letters are not necessarily confusing, but recipients usually seem to encounter a brain lock in understanding them. The cause for this is probably the shock and concern about the contents, which leads them to need a tax preparer professional for advice. Even a taxpayer who is fairly certain (read on...)