Add FAQ verbage
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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 [...] -
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 [...] -
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 [...]
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Question of the Week
April 29, 2013
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 [...]
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Taxpayer Protection and Preparer Fraud Prevention Act of 2013
April 25, 2013
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 [...]