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IRS Tax Training Courses - Online and Printed Tax School
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The IRS Online PTIN Account Functionality Expands
May 14, 2013
The IRS has expanded the functionality for a tax preparer to update an online PTIN Account. From their Facebook page, The IRS Return Preparer Office notes the following changes:
- "Manage My Account" is fully functional allowing a tax preparer to self-correct almost any field at any time (including professional credentials.)
- A tax preparer can now [...] -
Question of the Week
May 13, 2013
A penalty in what amount may be imposed for a tax preparer who endorses or negotiates any check issued to a taxpayer?
$100
$200
$250
$500
$1,000Answer: $500
Per IRC § 6695(f) – There is a $500 penalty for a tax return preparer who endorses or negotiates any check made in respect of taxes imposed by Title 26 which is issued [...] -
Question of the Week
May 6, 2013
Among other requirements, business expenses for sole proprietors of smaller businesses must be what amount to use Schedule C-EZ?
$5,000 or less
$7,000 or less
$9,000 or less
$10,000 or less
$20,000 or lessAnswer: $5,000 or less
A taxpayer may use Schedule C-EZ instead of Schedule C only if he or she had business expenses of $5,000 or less, used the cash method [...]