FREQUENTLY ASKED QUESTIONS
IRS RTRP Exam FAQ’s
Q. Are you an IRS Approved Education Provider?
A. Yes we are, our IRS Provider Number is RP5CH. We are 101 Education Services Inc., but do business as IRSTaxTraining.com.You can click here to find us on the Approved Provider List.
On Friday, Jan. 18, 2013, the United States District Court for the District of Columbia enjoined the Internal Revenue Service from enforcing the regulatory requirements for registered tax return preparers. In accordance with this order, tax return preparers covered by this program are not required to complete competency testing or secure continuing education. The ruling does not affect the regulatory practice requirements for CPAs, attorneys, enrolled agents, enrolled retirement plan agents or enrolled actuaries.
On Friday, Feb. 1, the court modified its order to clarify that the order does not affect the requirement for all paid tax return preparers to obtain a preparer tax identification number (PTIN). Consistent with this modification, the IRS has reopened the online PTIN system.
The IRS continues to have confidence in the scope of its authority to administer this program and is working with the Department of Justice to address all options, including a planned appeal.
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Question of the Week
May 20, 2013
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 [...]
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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 [...]