Registered Tax Return Preparer

MEDIA ALERT — Taxpayers who require more time, despite the extended 2021 tax filing & payment deadline, have a tax filing extension still available

Retrieved on:

Thursday, April 15, 2021

Consulting, Accounting, Professional services, Finance, Taxation in the United States, Tax, Tax preparation in the United States, Internal Revenue Service, Tax return, Registered Tax Return Preparer, Annual Filing Season Program

b'Wolters Kluwer Tax & Accounting:\nWhat: The Internal Revenue Service (IRS) has extended the tax filing and payment deadline for 2020 individual tax returns to May 17, 2021 versus the original April 15 date.

Key Points:

b'Wolters Kluwer Tax & Accounting:\nWhat: The Internal Revenue Service (IRS) has extended the tax filing and payment deadline for 2020 individual tax returns to May 17, 2021 versus the original April 15 date.
This year\xe2\x80\x99s deadline extension is not as long as the IRS extension for 2019 tax returns filed last year and shorter than many tax return preparers were hoping would be enacted.
Filing for an automatic tax filing extension is an increasingly popular option for taxpayers and tax return preparers who need a little more time.\nWhy: With all the changes to tax regulations brought by the COVID-19 pandemic relief legislation, many taxpayers may find that they need a little extra time to collect all of the necessary tax documents and information.
The information is provided with the understanding that Wolters Kluwer Tax & Accounting is not engaged in rendering legal, accounting, or other professional service.\nContact: To arrange an interview with Mark Luscombe or other federal and state tax experts from Wolters Kluwer Tax & Accounting on this or any other tax-related topics, please contact Bart Lipinski.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210415005324/en/\n'

True Stories About ‘Ghost’ Tax Preparers and the Mess Victims Face

Retrieved on:

Wednesday, February 10, 2021

Professional services, Public policy, Government, State, Local, Consumer, Finance, Hispanic, Accounting, Taxation in the United States, Tax, Internal Revenue Service, Tax preparation in the United States, Registered Tax Return Preparer

Tax preparers who set up shop during tax season, prepare countless fraudulent tax returns, then disappear without a trace right after the tax filing deadline.

Key Points:

Tax preparers who set up shop during tax season, prepare countless fraudulent tax returns, then disappear without a trace right after the tax filing deadline.
The ghost tax preparer refused to answer the door after their attorney told them to get their return amended for a court case.
One client I helped had a ghost tax preparer block their calls after getting notices from the IRS for two different tax years, Angell said.
More victims from this ghost tax preparer keep coming to us for help.

Tax Preparers Must Pass Background Check Before Tax Season

Retrieved on:

Thursday, January 21, 2021

Finance, Accounting, Professional services, State, Local, Public policy, Government, California Tax Education Council, Taxation in the United States, Internal Revenue Service, Tax preparation in the United States, Tax, IRS Return Preparer Initiative, Registered Tax Return Preparer

Out of 40,000 tax preparers registered with the California Tax Education Council (CTEC) , 3,770 did not to renew their registration on time and cannot prepare tax returns for clients until they start the registration process all over again, which now includes passing a criminal background check, among other requirements.

Key Points:

Out of 40,000 tax preparers registered with the California Tax Education Council (CTEC) , 3,770 did not to renew their registration on time and cannot prepare tax returns for clients until they start the registration process all over again, which now includes passing a criminal background check, among other requirements.
You should always verify the legal status of your tax preparer every year, said Brandon Chanley, chair of CTEC, a state mandated nonprofit organization that manages the registration of California tax preparers.
The background check is phase two of California Assembly Bill 3143, also known as The Tax Preparation Act, which aims to increase the protection of taxpayers by adding new provisions and responsibilities for the council, as well as tax preparers registered with CTEC.
After their initial registration, CTEC-registered tax preparers (CRTPs) are required to complete 20 hours of continuing education each year.

Survey Finds Taxpayers Not Verifying Tax Preparer Signature

Retrieved on:

Wednesday, April 8, 2020

Taxation in the United States, Tax, Preparer Tax Identification Number, Tax preparation in the United States, California Tax Education Council, Taxpayer Identification Number, Tax return, Internal Revenue Service, Registered Tax Return Preparer, IRS Return Preparer Initiative

SACRAMENTO, Calif., April 8, 2020 /PRNewswire/ --An online survey paid for by the California Tax Education Council (CTEC) , a state-mandated nonprofit organization that manages the registration of 40,000 unlicensed tax preparers, found that nine percent of taxpayers surveyed claim their tax preparer used a business label instead of signing the tax return by name.

Key Points:

SACRAMENTO, Calif., April 8, 2020 /PRNewswire/ --An online survey paid for by the California Tax Education Council (CTEC) , a state-mandated nonprofit organization that manages the registration of 40,000 unlicensed tax preparers, found that nine percent of taxpayers surveyed claim their tax preparer used a business label instead of signing the tax return by name.
The survey was conducted during the 2019 tax filing season and focused on 500 adults in Los Angeles, the market the California Franchise Tax Board (FTB) reports to have the most problems with questionable tax preparers.
Tax preparers are required by law to sign (typed or handwritten) client tax returns they prepared for a fee.
The IRS also requires they include a Preparer Tax Identification Number (PTIN) on federal tax returns.

Taxpayers Must Still Settle Back Taxes Debts Amid COVID-19, Warns Platinum Tax Defenders

Retrieved on:

Monday, March 23, 2020

Tax, Taxation in the United States, Economy, Enrolled agent, Internal Revenue Service, Back taxes, Tax lien, Registered Tax Return Preparer, Income tax audit

Platinum Tax Defenders reminds taxpayers that if they owe back taxes, it won't be long before the IRS is knocking on their door or calling them on the phone.

Key Points:

Platinum Tax Defenders reminds taxpayers that if they owe back taxes, it won't be long before the IRS is knocking on their door or calling them on the phone.
You'll first get a notice of federal tax lien from the IRS, and that serves as a demand for payment.
As a top-rated tax firm across the nation, Platinum Tax Defenders has saved thousands of clients hundreds of thousands of dollars in tax debt.
The professionals at Platinum Tax Defenders include CPAs, enrolled agents, tax attorneys, and x-IRS agents.

Platinum Tax Defenders Offers Tax Prep Discount as Federal Government Approves 90-Day Tax Payment Deadline and Works To Fastly Issue Tax Refunds

Retrieved on:

Wednesday, March 18, 2020

Taxation in the United States, Internal Revenue Service, Economy, Financial services in the United States, Tax preparation in the United States, Enrolled agent, Tax, Registered Tax Return Preparer, California Tax Education Council

To assist taxpayers who still need to file during this difficult time, Platinum Tax Defenders is currently offering a $50 discount on tax preparation.

Key Points:

To assist taxpayers who still need to file during this difficult time, Platinum Tax Defenders is currently offering a $50 discount on tax preparation.
For individuals and businesses who are in need of tax preparation services, Platinum Tax Defenders is offering a $50 discount on their fee.
With enrolled agents, tax attorneys and certified public accountants, Platinum Tax Defenders is prepared to help any individual or business with their tax needs.
During the COVID-19 outbreak, Platinum Tax Defenders are doing their part to ensure their clients remain at on top of their tax obligations.

Five Signs to Know if Your Tax Preparer is a Fraud

Retrieved on:

Tuesday, March 17, 2020

Internal Revenue Service, Taxation in the United States, Tax, California Tax Education Council, Tax preparation in the United States, Economy, Tax refund, Registered Tax Return Preparer, IRS Return Preparer Initiative

Your neighbor refers a tax preparer who helped him get a big tax refund.

Key Points:

Your neighbor refers a tax preparer who helped him get a big tax refund.
The tax preparer says because he helped you get such a big refund, he'll take 15 percent of it as part of his fee.
Below are common signs your tax preparer is a fraud.
For example, California requires unlicensed tax preparers to complete tax courses and register with California Tax Education Council (CTEC) .

New Legislation Requires 40,000 Tax Preparers to Provide Fees Upfront and Inform Clients of Free Tax Services, Some Tax Preparers Exempt

Retrieved on:

Tuesday, February 11, 2020

California Assembly Bill 1140 requires unenrolled tax preparers, specifically those registered with the California Tax Education Council (CTEC) , to provide potential clients all fees and costs upfront, as well as free tax preparation services available.

Key Points:

California Assembly Bill 1140 requires unenrolled tax preparers, specifically those registered with the California Tax Education Council (CTEC) , to provide potential clients all fees and costs upfront, as well as free tax preparation services available.
Attorneys , Certified Public Accountants (CPAs) and Enrolled Agents (EAs) , who also prepare tax returns for a fee, are exempt from the provisions.
It also requires CRTPs to provide a list of costs and fees upfront, as well as their federal Preparer Tax Identification Number (PTIN).
Proponents say requiring written notice of free services will help protect low-income families from paying hundreds of dollars in tax preparation fees.

Why Tax Audit Protection is not automatically included in the tax preparation services? DMA Financial Management, NYC Tax Firm, Adds Audit Protection Plan in 2020

Retrieved on:

Monday, December 9, 2019

Taxation in the United States, Tax, Economy, Internal Revenue Service, Financial services in the United States, Tax investigation, Tax preparation in the United States, Enrolled agent, Registered Tax Return Preparer, Income tax audit

Taxpayers often unaware and assume that their tax preparation fee includes tax representation when they receive a notice from the IRS, selected for an audit or being informed of the identity theft.

Key Points:

Taxpayers often unaware and assume that their tax preparation fee includes tax representation when they receive a notice from the IRS, selected for an audit or being informed of the identity theft.
Our Audit Protection Plan for a small fee that is added to the tax return protects you from ever having to deal with tax authorities when you get a notice.
Dmytro Arshynov, Enrolled Agent and Certified Tax Resolution Specialist, principal and founder of DMA Financial Management, believes that "Audit Protection Plan is the missing link in tax preparation and good customer service.
It offers a wide variety of services that include tax preparation, IRS and state representation, tax planning and optimization, audit protection as well as full cycle of accounting and business management services.

Wolters Kluwer Launches TaxWise® Mobile

Retrieved on:

Thursday, July 11, 2019

Wolters Kluwer Tax & Accounting announced the launch of TaxWise Mobile, a new mobile interface designed to streamline tax preparation for those preparers who have a heavy focus on individual tax returns or a strong seasonal presence.

Key Points:

Wolters Kluwer Tax & Accounting announced the launch of TaxWise Mobile, a new mobile interface designed to streamline tax preparation for those preparers who have a heavy focus on individual tax returns or a strong seasonal presence.
Wolters Kluwer is expanding our expert compliance capabilities with technologies that enable an end-to-end mobile experience for high volume, seasonal tax preparers.
TaxWise Mobile helps tax preparers reach more clients, where they are, which is critical in todays mobile society, said Shannon Bond, Vice President, Preparer Segment, Wolters Kluwer Tax & Accounting North America.
For more information on TaxWise Mobile, TaxWise OnlineTM and the full TaxWise suite of preparer solutions from Wolters Kluwer Tax & Accounting, visit the TaxWise website .