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	<title><![CDATA[IRSTaxTraining.com]]></title>
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	<link><![CDATA[http://www.irstaxtraining.com/blog/]]></link>
	<description><![CDATA[IRSTaxTraining.com]]></description>
	<lastBuildDate>Wed, 22 May 2013 20:00:32 +0000</lastBuildDate>
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			<item>
		<title><![CDATA[Question of the Week]]></title>
		<link><![CDATA[http://www.irstaxtraining.com/blog/?p=234]]></link>
		<comments><![CDATA[http://www.irstaxtraining.com/blog/?p=234#respond]]></comments>
		<pubDate>Mon, 20 May 2013 09:54:21 +0000</pubDate>
		<dc:creator>irs_wordpressadmin</dc:creator>
			<guid isPermaLink="false"><![CDATA[http://www.irstaxtraining.com/wp-blog/?p=234]]></guid>
			<description><![CDATA[If a taxpayer missed the April 15 deadline, he or she may have to pay penalties and interest. However, the IRS will consider a reduction of these penalties for reasonable cause.

True
False

Answer: True
The IRS may charge penalties for late filing and for late payment. The law generally does not allow a waiver of interest charges. However, the IRS will consider a reduction of these penalties if the taxpayer can show a reasonable cause for being late.
See IRS Offers Tips for Taxpayers Who Missed the Tax Deadline on the IRS website for more information.
]]></description>
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		<item>
		<title><![CDATA[The IRS Online PTIN Account Functionality Expands]]></title>
		<link><![CDATA[http://www.irstaxtraining.com/blog/?p=230]]></link>
		<comments><![CDATA[http://www.irstaxtraining.com/blog/?p=230#respond]]></comments>
		<pubDate>Tue, 14 May 2013 11:22:36 +0000</pubDate>
		<dc:creator>irs_wordpressadmin</dc:creator>
			<guid isPermaLink="false"><![CDATA[http://www.irstaxtraining.com/wp-blog/?p=230]]></guid>
			<description><![CDATA[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 view completed continuing education programs reported by IRS-approved providers beginning with 2013 courses.
-  A new function allows a tax preparer to inactivate his or her PTIN voluntarily and then reactivate the same number when returning to work. This is only for tax preparers who plan...]]></description>
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		<item>
		<title><![CDATA[Question of the Week]]></title>
		<link><![CDATA[http://www.irstaxtraining.com/blog/?p=226]]></link>
		<comments><![CDATA[http://www.irstaxtraining.com/blog/?p=226#respond]]></comments>
		<pubDate>Mon, 13 May 2013 17:14:50 +0000</pubDate>
		<dc:creator>irs_wordpressadmin</dc:creator>
			<guid isPermaLink="false"><![CDATA[http://www.irstaxtraining.com/wp-blog/?p=226]]></guid>
			<description><![CDATA[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
$1,000

Answer: $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 to a taxpayer.  See IRS Circular 230 for additional information.
]]></description>
			</item>
		<item>
		<title><![CDATA[Question of the Week]]></title>
		<link><![CDATA[http://www.irstaxtraining.com/blog/?p=220]]></link>
		<comments><![CDATA[http://www.irstaxtraining.com/blog/?p=220#respond]]></comments>
		<pubDate>Mon, 06 May 2013 16:53:10 +0000</pubDate>
		<dc:creator>irs_wordpressadmin</dc:creator>
			<guid isPermaLink="false"><![CDATA[http://www.irstaxtraining.com/wp-blog/?p=220]]></guid>
			<description><![CDATA[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 less

Answer: $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 of accounting, did not have an inventory at any time during the year, did not have a net loss from the business, had only one business as either a sole proprietor, qualified joint venture, or statutory employee, had no employees during the year, is not...]]></description>
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		<item>
		<title><![CDATA[Question of the Week]]></title>
		<link><![CDATA[http://www.irstaxtraining.com/blog/?p=213]]></link>
		<comments><![CDATA[http://www.irstaxtraining.com/blog/?p=213#respond]]></comments>
		<pubDate>Mon, 29 Apr 2013 13:28:53 +0000</pubDate>
		<dc:creator>irs_wordpressadmin</dc:creator>
			<guid isPermaLink="false"><![CDATA[http://www.irstaxtraining.com/wp-blog/?p=213]]></guid>
			<description><![CDATA[Among other conditions, a taxpayer must make estimated tax payments for the current tax year if he or she expects to owe at least what amount in tax for the current tax year, after subtracting withholding and credits?

$750
$1,000
$1,500
$1,750
$2,000

Answer: $1,000
A taxpayer must make estimated tax payments for the current tax year if both of the following apply:

He or she expects to owe at least $1,000 in tax for the current tax year, after subtracting  withholding and credits.
He or she expects  withholding and credits to be less than the smaller of:

 90% of the tax to be shown on the current year’s tax return...]]></description>
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		<title><![CDATA[Taxpayer Protection and Preparer Fraud Prevention Act of 2013]]></title>
		<link><![CDATA[http://www.irstaxtraining.com/blog/?p=209]]></link>
		<comments><![CDATA[http://www.irstaxtraining.com/blog/?p=209#respond]]></comments>
		<pubDate>Thu, 25 Apr 2013 16:11:10 +0000</pubDate>
		<dc:creator>irs_wordpressadmin</dc:creator>
			<guid isPermaLink="false"><![CDATA[http://www.irstaxtraining.com/wp-blog/?p=209]]></guid>
			<description><![CDATA[On April 15, 2013 Representative Cedric Richmond of Louisiana introduced H.R.1570 - Taxpayer Protection and Preparer Fraud Prevention Act of 2013 and it was referred to the Committee on Ways and Means.The new act will amended Section 330 of title 31, United States Code by adding at the end that the Secretary of the Treasury may ‘‘regulate tax return preparers who do not  practice as representatives of persons before the Department of the Treasury; and before licensing or certifying a person as a tax return preparer, require that the person demonstrate good character,  good reputation, the necessary qualifications to enable the person...]]></description>
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		<item>
		<title><![CDATA[Question of the Week]]></title>
		<link><![CDATA[http://www.irstaxtraining.com/blog/?p=204]]></link>
		<comments><![CDATA[http://www.irstaxtraining.com/blog/?p=204#respond]]></comments>
		<pubDate>Mon, 22 Apr 2013 22:21:46 +0000</pubDate>
		<dc:creator>irs_wordpressadmin</dc:creator>
			<guid isPermaLink="false"><![CDATA[http://www.irstaxtraining.com/wp-blog/?p=204]]></guid>
			<description><![CDATA[An individual normally does not need to file an amended return to correct math errors.

True
False

Answer: True
The IRS will automatically make those changes for the taxpayer. Also, do not file an amended return because the taxpayer forgot to attach tax forms, such as W-2s or schedules. The IRS normally will send a request asking for those.
]]></description>
			</item>
		<item>
		<title><![CDATA[Question of the Week]]></title>
		<link><![CDATA[http://www.irstaxtraining.com/blog/?p=200]]></link>
		<comments><![CDATA[http://www.irstaxtraining.com/blog/?p=200#respond]]></comments>
		<pubDate>Mon, 15 Apr 2013 17:46:20 +0000</pubDate>
		<dc:creator>irs_wordpressadmin</dc:creator>
			<guid isPermaLink="false"><![CDATA[http://www.irstaxtraining.com/wp-blog/?p=200]]></guid>
			<description><![CDATA[For head of household filing status, a taxpayer must claim a child as a dependent to qualify.

True
False

Answer: False
In certain circumstances, the taxpayer does not have to claim the child as a dependent to qualify for head of household filing status; for example, a custodial parent may be able to claim head of household filing status even if he or she released a claim to exemption for the child.
For more information see IRS Publication 501, Exemptions, Standard Deduction, and Filing Information
]]></description>
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		<item>
		<title><![CDATA[Question of the Week]]></title>
		<link><![CDATA[http://www.irstaxtraining.com/blog/?p=196]]></link>
		<comments><![CDATA[http://www.irstaxtraining.com/blog/?p=196#respond]]></comments>
		<pubDate>Mon, 08 Apr 2013 15:11:24 +0000</pubDate>
		<dc:creator>irs_wordpressadmin</dc:creator>
			<guid isPermaLink="false"><![CDATA[http://www.irstaxtraining.com/wp-blog/?p=196]]></guid>
			<description><![CDATA[Which form tells an employer, the marital status, the number of withholding allowances, and any additional amount to use when the employer deducts federal income tax from the employee's pay?

Form W-2
Form W-4
Form 1040
Form 1040
Form 1040X

Answer: Form W-4
An employee must complete a Form W-4 - Employee's Withholding Allowance Certificate. Form W-4 tells an employer the marital status, the number of withholding allowances, and any additional amount to use when the taxpayer deducts federal income tax from the employee's pay. If an employee fails to properly completed Form W-4, the employer must withhold federal income taxes from his or her wages as...]]></description>
			</item>
		<item>
		<title><![CDATA[Enrolled Agent Renewal Update]]></title>
		<link><![CDATA[http://www.irstaxtraining.com/blog/?p=193]]></link>
		<comments><![CDATA[http://www.irstaxtraining.com/blog/?p=193#respond]]></comments>
		<pubDate>Mon, 01 Apr 2013 08:40:28 +0000</pubDate>
		<dc:creator>irs_wordpressadmin</dc:creator>
			<guid isPermaLink="false"><![CDATA[http://www.irstaxtraining.com/wp-blog/?p=193]]></guid>
			<description><![CDATA[The IRS Return Preparer Office posted an update on their facebook page regarding enrolled agent renewal processing. According to the post " all enrolled agent renewal applications for SSNs ending in 0, 1, 2, or 3 that were timely submitted by January 31, 2013, have been processed. New renewal cards should be received within 10 days.
For those submitted after the due date, processing continues and renewal cards should be received within the next 30 days. As long as you have submitted your renewal application, your enrolled agent status continues to be active between April 1, 2013 and the date you...]]></description>
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