Payroll Tax Cut to Boost Take-Home Pay for Most Workers
The Internal Revenue Service today released instructions to help employers
implement the 2011 cut in payroll taxes, along with new income-tax withholding
tables that employers will use during 2011.
The Internal Revenue Service today released instructions to help employers
implement the 2011 cut in payroll taxes, along with new income-tax withholding
tables that employers will use during 2011.
Bad Tax Preparers: Fraudulent or Just Incompetent?
For the most part, dangerous tax preparers come in two forms: ignorant or
fraudulent, and either type can result in an unexpected and unwelcome letter
from the IRS.
For the most part, dangerous tax preparers come in two forms: ignorant or
fraudulent, and either type can result in an unexpected and unwelcome letter
from the IRS.
IRS Announces 2011 Standard Mileage Rates
The Internal Revenue Service today issued the 2011 optional standard mileage
rates used to calculate the deductible costs of operating an automobile for
business, charitable, medical or moving purposes.
The Internal Revenue Service today issued the 2011 optional standard mileage
rates used to calculate the deductible costs of operating an automobile for
business, charitable, medical or moving purposes.
Online Scams that Impersonate the IRS
Consumers should protect themselves against online identity theft and other
scams that increase during and linger after the filing season.
Consumers should protect themselves against online identity theft and other
scams that increase during and linger after the filing season.
Tax News: press releases from many sources
Here it is December just before
Christmas and Kerry was in his
office and ready to answer my
questions. I see other offices that
are closed right after April 15th but I
can always find Kerry. Even in
December.
Kevin M
Anthem,AZ
Christmas and Kerry was in his
office and ready to answer my
questions. I see other offices that
are closed right after April 15th but I
can always find Kerry. Even in
December.
Kevin M
Anthem,AZ
Contact us:
623-518-2157
623-518-2157
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What do your clients say?
Penalty-Proof Your Tax Return
Adjust your tax withholding now to boost your take-home pay or to avoid
underpayment penalties when you file your 2010 tax return.
Adjust your tax withholding now to boost your take-home pay or to avoid
underpayment penalties when you file your 2010 tax return.
Haven't Filed a Tax Return in Years - 2010 Podcast
Get tax information at your convenience and on the go! Download IRS audio
files, in English and Spanish, to use for podcasts or to play on your portable music
player.
Get tax information at your convenience and on the go! Download IRS audio
files, in English and Spanish, to use for podcasts or to play on your portable music
player.
Tax Deal: What's in It for You?
American taxpayers can breathe a sigh of relief -- for now. After months of
uncertainty, it’s now guaranteed that federal income-tax rates will remain at the
same level for two more years.
American taxpayers can breathe a sigh of relief -- for now. After months of
uncertainty, it’s now guaranteed that federal income-tax rates will remain at the
same level for two more years.
Points to Keep in Mind When Choosing A Tax Preparer
If you pay someone to prepare your tax return, the IRS urges you to choose that
preparer wisely. Taxpayers are legally responsible for what’s on their tax return
even if it is prepared by someone else. So, it is important to choose carefully
when hiring an individual or firm to prepare your return. Most return preparers are
professional, honest and provide excellent service to their clients.
If you pay someone to prepare your tax return, the IRS urges you to choose that
preparer wisely. Taxpayers are legally responsible for what’s on their tax return
even if it is prepared by someone else. So, it is important to choose carefully
when hiring an individual or firm to prepare your return. Most return preparers are
professional, honest and provide excellent service to their clients.
Video from the IRS:
How to choose a tax
preparer!
How to choose a tax
preparer!
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New IRS Regulations Boost Tax Preparation as a
Career Opportunity
According to state Director Kerry Freeman EA of the Arizona Society of Enrolled
Agents, a career as a tax preparer will be in higher demand due to recent IRS
regulations. A great opportunity for people looking for a new career or business
venture.
According to Kerry Freeman EA Owner of Freeman Income Tax Service, Anthem AZ,
new IRS Regulation of Tax Preparers that will be fully implemented by January 2012
will result in a shortfall of qualified tax preparers. This shortage will drive up tax
preparer compensation and create new, more lucrative career and job opportunities
for new entrants. Many veteran tax preparers will stop practicing rather than take the
required competency exam and meet new annual continuing education
requirements. The exodus will be accelerated due to the fact that the tax industry has
a high percentage of elderly preparers.
The first phase of the IRS regulations was to require that all paid preparers obtain a
new Preparer Tax Identification Number (PTIN) before the 2011 tax season. . In
addition, these preparers must pass a new IRS Preparer Competency Exam by the end
of 2013. The IRS exam will be released in October 2011. Beginning in 2012 all
“unenrolled” preparers (those who are not CPAs, Enrolled Agents or attorneys) must
complete 15 hours of Continuing Professional Education (CPE) annually. After April
2012, all new preparers must pass the exam before they can be issued a PTIN by the
IRS to continue practicing as tax preparers.
According to the IRS, higher standards will boost service and protections for taxpayers,
increase confidence in the system and yield greater compliance with tax laws.
Previously, preparers have been regulated only in California and Oregon. Kerry
Freeman Enrolled Agent noted “The new IRS regulations will also provide
independent tax professionals who meet the new standards with more credibility and
position them as an affordable, professional alternative to large accounting firms.”
Tax Preparation is an ideal career for early retirees and homemakers with young
children whose employment needs can be met by seasonal employment or self-
employment. Professionals with complimentary careers such as financial services and
real estate can also benefit by becoming tax preparers. Tax preparation can also
provide experience for recent college graduates seeking employment. Unemployed
people might be interested in a seasonal career, even if just as a stop-gap measure
until they are able to find permanent employment.
Freeman noted, “Tax is law, not accounting and an EA has demonstrated knowledge
in all areas of income tax preparation for individual and non-individual taxpayers,
including corporation, partnership and fiduciary tax returns, and is licensed to
represent taxpayers before the IRS.”
In anticipation of the surge in demand, The local chapters across the state of the
Enrolled Agents Society are developing added curriculum and increasing its
marketing as it solidifies its position as the national standard for tax preparer
Education and training.
For more information about a career in tax preparation visit these sites, www.IRS.GOV,
www.AZTaxPros.org , and www.NAEA.ORG. You can also visit one of the many state
meeting held by the EA Society in local chapters across the state. You can also
contact Kerry Freeman EA by e-mail at Kerryfreeman@sbcglobal.net.
Career Opportunity
According to state Director Kerry Freeman EA of the Arizona Society of Enrolled
Agents, a career as a tax preparer will be in higher demand due to recent IRS
regulations. A great opportunity for people looking for a new career or business
venture.
According to Kerry Freeman EA Owner of Freeman Income Tax Service, Anthem AZ,
new IRS Regulation of Tax Preparers that will be fully implemented by January 2012
will result in a shortfall of qualified tax preparers. This shortage will drive up tax
preparer compensation and create new, more lucrative career and job opportunities
for new entrants. Many veteran tax preparers will stop practicing rather than take the
required competency exam and meet new annual continuing education
requirements. The exodus will be accelerated due to the fact that the tax industry has
a high percentage of elderly preparers.
The first phase of the IRS regulations was to require that all paid preparers obtain a
new Preparer Tax Identification Number (PTIN) before the 2011 tax season. . In
addition, these preparers must pass a new IRS Preparer Competency Exam by the end
of 2013. The IRS exam will be released in October 2011. Beginning in 2012 all
“unenrolled” preparers (those who are not CPAs, Enrolled Agents or attorneys) must
complete 15 hours of Continuing Professional Education (CPE) annually. After April
2012, all new preparers must pass the exam before they can be issued a PTIN by the
IRS to continue practicing as tax preparers.
According to the IRS, higher standards will boost service and protections for taxpayers,
increase confidence in the system and yield greater compliance with tax laws.
Previously, preparers have been regulated only in California and Oregon. Kerry
Freeman Enrolled Agent noted “The new IRS regulations will also provide
independent tax professionals who meet the new standards with more credibility and
position them as an affordable, professional alternative to large accounting firms.”
Tax Preparation is an ideal career for early retirees and homemakers with young
children whose employment needs can be met by seasonal employment or self-
employment. Professionals with complimentary careers such as financial services and
real estate can also benefit by becoming tax preparers. Tax preparation can also
provide experience for recent college graduates seeking employment. Unemployed
people might be interested in a seasonal career, even if just as a stop-gap measure
until they are able to find permanent employment.
Freeman noted, “Tax is law, not accounting and an EA has demonstrated knowledge
in all areas of income tax preparation for individual and non-individual taxpayers,
including corporation, partnership and fiduciary tax returns, and is licensed to
represent taxpayers before the IRS.”
In anticipation of the surge in demand, The local chapters across the state of the
Enrolled Agents Society are developing added curriculum and increasing its
marketing as it solidifies its position as the national standard for tax preparer
Education and training.
For more information about a career in tax preparation visit these sites, www.IRS.GOV,
www.AZTaxPros.org , and www.NAEA.ORG. You can also visit one of the many state
meeting held by the EA Society in local chapters across the state. You can also
contact Kerry Freeman EA by e-mail at Kerryfreeman@sbcglobal.net.